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TE Connectivity Ltd. is a global industrial technology leader dedicated to creating a safer, sustainable, productive, and connected future through its extensive range of connectivity and sensor solutions. These solutions facilitate the distribution of power, signal, and data across various sectors, including next-generation transportation, renewable energy, automated factories, data centers, and medical technology . The company operates through three main segments: Transportation Solutions, Industrial Solutions, and Communications Solutions, offering products such as terminals, connector systems, sensors, relays, antennas, and application tooling .
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Transportation Solutions - Leads in connectivity and sensor technologies, providing products like terminals, connector systems, sensors, relays, antennas, and application tooling for markets such as automotive, commercial transportation, and sensors .
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Industrial Solutions - Supplies products that connect and distribute power, data, and signals, including terminals, connector systems, interventional medical components, relays, heat shrink tubing, and wire and cable, serving industrial equipment, aerospace, defense, marine, energy, and medical markets .
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Communications Solutions - Offers electronic components for data and devices and appliances markets, including products like terminals, connector systems, antennas, and heat shrink tubing .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Terrence R. Curtin ExecutiveBoard | Chief Executive Officer | Board Member at DuPont de Nemours Inc. | CEO since 2017, previously President of TE Connectivity and CFO. Extensive leadership experience in connectivity and sensor solutions. | View Report → |
Aaron K. Stucki Executive | President, Transportation Solutions | None | President of Transportation Solutions since 2024. Previously led Communications Solutions and ICT business unit. Joined TE in 2011 after 13 years at General Electric. | |
Heath A. Mitts Executive | Executive Vice President and CFO | Director at Veralto Corporation | CFO since 2016, previously CFO at IDEX Corporation. Expertise in finance, accounting, and international business. | |
John S. Jenkins, Jr. Executive | Executive Vice President and General Counsel | None | General Counsel since 2012, oversees global legal, compliance, and corporate governance activities. Formerly at Tyco International and McGuireWoods LLP. | |
Malavika Sagar Executive | Senior Vice President and Chief Human Resources Officer | None | CHRO since 2023, previously VP of HR for Transportation Solutions. Over a decade of HR leadership at TE Connectivity. | |
Reuben M. Shaffer Executive | Senior Vice President and Corporate Controller | None | Corporate Controller since 2025, previously VP of Internal Audit and Assistant Corporate Controller. CPA with extensive financial expertise. | |
Shadrak W. Kroeger Executive | President, Industrial Solutions | None | President of Industrial Solutions since 2020. Previously led Communications Solutions and Appliances Business Unit. Nearly three decades at TE Connectivity. | |
Abhijit Y. Talwalkar Board | Director | Chair of the Board at Lam Research and iRhythm Technologies; Director at AMD | Director since 2017. Former CEO of LSI Corporation. Extensive experience in technology, engineering, and semiconductor industries. | |
Carol A. Davidson Board | Director | Director at FMC Corporation and International Flavors & Fragrances Inc. | Director since 2016. Former SVP, Controller, and Chief Accounting Officer at Tyco International. CPA with expertise in governance and financial management. | |
Dawn C. Willoughby Board | Director | Director at J.M. Smucker Company and International Flavors & Fragrances Inc. | Director since 2020. Former COO of The Clorox Company. Expertise in operations, strategy, and consumer products. | |
Jean-Pierre Clamadieu Board | Director | Chairman of ENGIE S.A.; Director at Airbus SE | Director since 2023. Former CEO of Solvay S.A. and Rhodia S.A. Extensive leadership in multinational corporations and governance. | |
Laura H. Wright Board | Director | Director at CMS Energy, Consumers Energy, and Joby Aviation, Inc. | Director since unknown. Former CFO of Southwest Airlines. Expertise in financial management and audit committee leadership. | |
Lynn A. Dugle Board | Director | Director at EOG Resources, KBR, and Micron Technology | Director since 2020. Former CEO of Engility Holdings. Extensive experience in defense, technology, and engineering sectors. | |
Mark C. Trudeau Board | Director | None | Director since 2016. Former CEO of Mallinckrodt plc. Leadership experience in pharmaceuticals and healthcare. | |
Sam Eldessouky Board | Director | EVP and CFO at Bausch + Lomb Corporation; Trustee at Financial Executives Research Foundation | Director since 2024. Financial expert with extensive experience in governance, accounting, and public company leadership. | |
Syaru Shirley Lin Board | Director | Director at Langham Hospitality Investments and Mediatek, Inc.; Chair of CAPRI | Director since 2022. Academic and investment banking background with expertise in international relations and Asia-Pacific markets. | |
William A. Jeffrey Board | Director | None | Director since 2012. Former CEO of SRI International and HRL Laboratories. Expertise in R&D, innovation strategies, and U.S. public policy. |
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With the industry shift towards zonal architectures potentially reducing wiring and connectors in vehicles, how is TE positioned to mitigate the potential content loss in your automotive business, and can you elaborate on whether you're actually seeing higher content per vehicle or facing a decline?
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Given the theoretical increase in content per vehicle from hybrid and electric platforms, but considering factors like new vehicle launch delays and inventory corrections, can you clarify whether TE can achieve the 4 to 6 points of targeted outgrowth in automotive revenue, and how confident are you in this guidance?
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With the emergence of cross-licensing deals between interconnect players in the AI space, how might this affect TE's competitive positioning and margins in your data and devices segment, and can you explain the potential financial implications of manufacturing under such licensing agreements?
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Considering that your competitors are accelerating M&A investments, can you provide more detail on TE's strategy and tactics regarding bolt-on acquisitions, including end-market focus, expected returns, and how these acquisitions will contribute to TE's growth trajectory?
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Given the significant margin expansion achieved in your transportation segment from restructuring and operational improvements, what are the remaining levers for further margin enhancement, and are there any structural factors that could limit margin expansion beyond current levels?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competes in multiple segments including Communications Solutions, Transportation Solutions, and Industrial Solutions, offering a wide range of electronic components and systems. | |
Molex | A competitor in the Communications Solutions and Industrial Solutions segments, providing connectivity solutions across various industries. |
JST | A competitor in the Communications Solutions segment, focusing on electronic and electrical connectors. |
Korea Electric Terminal (KET) | Competes in the Communications Solutions segment, specializing in electrical connectors. |
Yazaki | A competitor in the Transportation Solutions segment, providing advanced automotive connectivity solutions. |
Competes in the Transportation Solutions segment, offering automotive technologies and connectivity solutions. | |
A competitor in the Transportation Solutions segment, focusing on automotive wiring harnesses and connectivity solutions. | |
Competes in the Transportation Solutions segment, specializing in sensor technologies. | |
A competitor in the Transportation Solutions segment, providing sensor and connectivity solutions. | |
Competes in the Industrial Solutions segment, offering products for power and data connectivity. | |
A competitor in the Industrial Solutions segment, providing connectivity and distribution solutions. | |
Competes in the Industrial Solutions segment, focusing on medical device components and connectivity solutions. | |
Esterline | A competitor in the Industrial Solutions segment, offering aerospace and defense connectivity solutions. |
Omron | Competes in the Industrial Solutions segment, providing automation and connectivity solutions. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Richards Manufacturing Co. | 2025 | TE Connectivity’s all‐cash acquisition valued at approx $2.3 billion will strengthen its North American energy market presence, leveraging Richards’ leadership in medium voltage cable accessories and network protector products with expected annual sales of ~$400 million and mid‑30% EBITDA margins; the deal will be financed via cash on hand and new permanent debt and is set to close in Q3 2025 with the existing management retained. |
Harger | 2025 | Acquired as part of a combined $325 million cash purchase for two businesses during Q1 2025 , the deal enhances TE Connectivity’s portfolio in grid reliability and connectivity solutions, especially in lightning protection and grounding for renewable power and industrial applications. |
Schaffner Holding AG | 2024 | TE Connectivity acquired approximately 98.7% of Schaffner through an all‑cash deal at CHF 505 per share (totaling CHF 294 million / ~$339 million), further executing a squeeze‑out of remaining shareholders for an additional $5 million and delisting the shares; this acquisition bolsters its Industrial Solutions segment with a leading electromagnetic solutions provider, while final asset valuation remains subject to adjustments. |
Industrial Solutions Acquisitions | 2023 | In fiscal 2023, TE Connectivity completed three cash acquisitions priced at $109 million, $108 million, and $110 million respectively, all integrated into its Industrial Solutions segment to expand its operational footprint, though further strategic and operational specifics were not detailed. |
Communications Solutions Acquisitions | 2022 | During fiscal 2022, multiple cash acquisitions were executed within the Communications Solutions segment—including deals valued at $125 million, $127 million, $141 million (for two businesses), and $245 million (combined for three businesses)—to fortify the segment, with integration occurring from each acquisition’s closing date though additional detailed rationale was not provided. |
Recent press releases and 8-K filings for TEL.
- Delivered strong Q2 2025 performance with net sales of $4.1B, a record adjusted EPS of $2.10, and robust margins (adjusted 19.4%, GAAP 18.1%)
- Provided robust Q3 guidance with expected net sales of approximately $4.3B and adjusted EPS around $2.06, with GAAP EPS up nearly 9% YoY
- Achieved order growth with orders reaching $4.25B and a 6% YoY increase, driven by strong performance in the Industrial segment
- Finalized the Richards Manufacturing Co. acquisition for $2.3B, positioning the company for growth in the North American utility market
- Generated strong cash flow with approximately $1B returned to shareholders
- TE Connectivity plc completed its acquisition of Richards Manufacturing Co, a North American leader in utility grid products, on April 1, 2025.
- The deal positions TE Connectivity to capitalize on the regional grid replacement and upgrade cycle.
- The Richards business will continue under its existing management, ensuring continuity during the integration with TE Connectivity.
- On March 14, 2025, TE Connectivity plc announced its entry into a 364-Day Senior Credit Agreement with revolving credit commitments of $1.5 billion, designed to support its commercial paper program.
- The agreement involves its wholly-owned subsidiary TE Connectivity Switzerland Ltd. as intermediate guarantor and Tyco Electronics Group S.A. as the borrower, with a maturity date of March 13, 2026 and an option for a one-year extension.
- Key credit terms include interest rate options tied to the term SOFR or alternative base rates and a financial covenant requiring the debt-to-EBITDA ratio not to exceed 3.75 to 1.0 to avoid triggering an Event of Default.
- TE Connectivity declared a regular quarterly cash dividend of $0.71 per share, representing a 9% increase from the previous $0.65 per share dividend.
- The dividend is scheduled to be paid on June 10, 2025, with the record date on May 21, 2025.
- During the annual general meeting, all 12 board members were reelected by shareholders.
- TE Connectivity plc filed an 8-K report on March 12, 2025, detailing its Annual General Meeting where key proposals were presented and voted on.
- The company reported strong shareholder support for director elections, with votes for several directors exceeding 97% approval in multiple cases.
- Other significant measures approved include the ratification of Deloitte & Touche LLP and Deloitte Ireland LLP as the auditors, and the authorization for market purchases and treasury share re-allotment, all receiving overwhelming support.