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AI brief of an SEC Form 8-K · TE Connectivity (TEL)

TE Connectivity fiscal 2024 adjusted operating income hit $2.99 billion; sales fell

Mixed Impact 3 of 5 earnings Written later

TE Connectivity released unaudited segment results for fiscal 2024 and recast prior periods to reflect a new segment structure effective for the first quarter of fiscal 2025. Fiscal 2024 adjusted operating income rose to $2.99 billion from $2.68 billion, while net sales declined to $15.85 billion from $16.03 billion, and the company said the recast does not restate previously reported financial statements.

Key points

  • Fiscal 2024 net sales were $15.85 billion, compared with $16.03 billion in fiscal 2023.
  • Fiscal 2024 operating income was $2.80 billion, compared with $2.30 billion; adjusted operating income was $2.99 billion, compared with $2.68 billion.
  • Fourth-quarter fiscal 2024 net sales were $4.07 billion, compared with $4.04 billion for the quarter ended September 29, 2023; adjusted operating income was $755 million, compared with $699 million.
  • Effective for the first quarter of fiscal 2025, the Communications Solutions businesses moved into Industrial Solutions, and Transportation Solutions and Industrial Solutions are the two reporting segments.

The filing

CompanyTE Connectivity (TEL)
Form8-K, current report
Filed with the SECDec 17, 2024, 2:30 PM ET
Accession number0001558370-24-016324

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 17, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.