TE Connectivity plc reported significant financial performance in its latest 10-Q filing for the quarter ending June 27, 2025, with net sales reaching $4.534 billion, a 13.9% increase from $3.979 billion in the same quarter of the previous year. For the first nine months of fiscal 2025, net sales totaled $12.513 billion, up 6.2% from $11.777 billion in the prior year. The company’s gross margin also improved, rising to $1.6 billion for the quarter, compared to $1.386 billion a year earlier, reflecting a gross margin percentage of 35.3%, up from 34.8%. Net income for the quarter was $638 million, or $2.16 per share, compared to $573 million, or $1.87 per share, in the prior year.
The company experienced notable changes in its operational structure, including the acquisition of Richards Manufacturing Co. for approximately $2.3 billion, which contributed $73 million in net sales during the quarter. This acquisition is part of TE Connectivity's strategy to enhance its Industrial Solutions segment, which saw a 30% increase in sales for the quarter, driven by growth in digital data networks and energy markets. The Transportation Solutions segment, however, reported a modest 2.8% increase in sales, primarily due to growth in the automotive sector, while overall sales in this segment declined by 2.5% for the first nine months of the fiscal year.
TE Connectivity's operational metrics indicate a strong performance in cash flow, with net cash provided by operating activities amounting to $2.718 billion for the first nine months, an increase from $2.435 billion in the previous year. The company’s total assets grew to $24.866 billion, up from $22.854 billion, while total liabilities increased to $12.342 billion from $10.368 billion. The company’s employee headcount remained stable, with no significant changes reported.
Looking ahead, TE Connectivity anticipates net sales of approximately $4.55 billion for the fourth quarter of fiscal 2025, reflecting continued growth in the Industrial Solutions segment. The company expects diluted earnings per share from continuing operations to be around $2.18, benefiting from favorable foreign currency exchange rates and pricing actions. The outlook suggests a positive trajectory for the company, bolstered by strategic acquisitions and operational efficiencies, despite challenges in certain market segments.
About TE Connectivity Ltd.
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