te connectivity financial news
Category : Uncategorized
In addition, the extent to which COVID-19 will impact our business and our financial results will depend on future developments, which are highly uncertain and cannot be predicted. These non-GAAP financial measures provide supplemental information and should not be considered replacements for results in accordance with GAAP. This limitation is best addressed by using these non-GAAP financial measures in combination with the most directly comparable GAAP financial measures in order to better understand the amounts, character, and impact of any increase or decrease in reported amounts. Management uses non-GAAP financial measures internally for planning and forecasting purposes and in its decision-making processes related to the operations of our company. (2) Represents the change in net sales resulting from changes in foreign currency exchange rates. Net sales were $3.26 billion, up 28% sequentially on a reported basis compared to the 10% increase the company expected. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. "I am proud of our employees for delivering fourth quarter results well above our expectations, exiting the year with sequential sales growth in all segments. These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies. View today's stock price, news and analysis for TE Connectivity Ltd. (TEL). Adjusted Operating Income (Loss) is a significant component in our incentive compensation plans. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. The company is not providing full year guidance due to limited visibility of COVID-19 impact on future demand. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. More detailed information about these and other factors is set forth in TE Connectivity Ltd.'s Annual Report on Form 10-K for the fiscal year ended Sept. 27, 2019 as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission. For reconciliations of these non-GAAP financial measures, see the attached tables. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. (2) Income tax expense related to the tax impacts of certain measures of Swiss tax reform. Adjusted Operating Income (Loss) is a significant component in our incentive compensation plans. Copyright 2019© FactSet Research Systems Inc. All rights reserved. TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal fourth quarter and year ended Sept. 25, 2020. TE Connectivity News: auf dieser Seite finden Sie alle TE Connectivity News und Nachrichten zur TE Connectivity Aktie. Our full year results demonstrate strong cash flow generation and our portfolio is well positioned. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED), Selling, general, and administrative expenses, Research, development, and engineering expenses, Income from continuing operations before income taxes, Income (loss) from discontinued operations, net of income taxes, Income (loss) from discontinued operations. The forward-looking statements in this release include statements addressing our future financial condition and operating results, and the impact on our operations resulting from the coronavirus disease 2019 ("COVID-19"). (1) See description of non-GAAP financial measures. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. ET. Our full year results demonstrate strong cash flow generation and our portfolio is well positioned. ET. (2) Represents the change in net sales resulting from changes in foreign currency exchange rates. Voluntary pension contributions are excluded from the GAAP financial measure because this activity is driven by economic financing decisions rather than operating activity. Net sales were $3.26 billion, up 28% sequentially on a reported basis compared to the 10% increase the company expected.Sales were down 1% on a reported basis and down 4% on an organic basis year over year. Adjusted Income Tax (Expense) Benefit and Adjusted Effective Tax Rate – represent income tax (expense) benefit and effective tax rate, respectively, (the most comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, other income or charges, and certain significant tax items, if any.
Content Curation Tools, Nagercoil To Mumbai Train Ticket Price, Diagonal Seam Tape Joann Fabrics, Quaker Oats Nutrition Facts 1 Cup, Blackberry Hand Pies With Puff Pastry,
