TE Connectivity announces second quarter results for fiscal year 2021
Significant growth in sales and EPS year over year, exceeding company expectations
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SCHAFFHAUSEN, Switzerland, April 21, 2021 /PRNewswire/ TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal second quarter ended March 26, 2021.
Second Quarter Highlights
Net sales were $3.7 billion, up 17% on a reported basis, and 11% on an organic basis year over year.
Orders of $4.6 billion, up 36% year over year.
GAAP diluted earnings per share (EPS) from continuing operations were $1.51, and adjusted EPS were $1.57, up 22% year over year.
Cash flow from operating activities was $580 million and free cash flow was $477 million, with approximately $340 million returned to shareholders.
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