TE Connectivity Ltd. Research ReportOn October 30, 2013, TE Connectivity Ltd. (TE Connectivity) reported its Q4 FY 2013 financial results (period ended September 27, 2013). The Company reported net sales growth of 2.0% YoY to $3.4 billion. Adjusted EPS for the quarter grew 22% YoY to $0.93, while GAAP diluted EPS from continuing operations stood at $0.92. TE Connectivity's Chairman and CEO, Tom Lynch stated, "I am pleased with our fourth quarter results and the strong finish to our fiscal year. Our Transportation segment continued to perform extremely well and demand in our Telecom Networks and Industrial businesses strengthened. Adjusted EPS of $0.93 was a record for the Company and adjusted operating margin was very strong at 15.7 percent. During the year we returned $1.2 billion to shareholders through dividends and share repurchases. This is our sixth consecutive year with a free cash flow-to-sales ratio of 10 percent or greater." For Q1 FY 2014, the Company expects net sales to range between c. $3.2 to c. $3.3 billion, adjusted EPS to be between $0.74 to $0.78. The Full Research Report on TE Connectivity Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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