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# TE Connectivity plc (TEL) - Recent Events ## Filings that contain financial statements Each earnings release below (Exhibit 99.1 to a Form 8-K) carries unaudited consolidated statements of operations, balance sheets, statements of cash flows, a free cash flow reconciliation and segment data. - Form 8-K filed July 22, 2026, accession 0001104659-26-085589: third quarter and nine months ended June 26, 2026, with comparatives for the periods ended June 27, 2025. - Form 8-K filed April 22, 2026, accession 0001104659-26-046285: second quarter and six months ended March 27, 2026. - Form 8-K filed January 21, 2026, accession 0001104659-26-005219: first quarter ended December 26, 2025. - Form 8-K filed October 29, 2025, accession 0001104659-25-103388: fourth quarter and full fiscal year ended September 26, 2025 (recast segment results and non-GAAP reconciliations are in Exhibits 99.3 and 99.4). - Form 8-K filed July 23, 2025, accession 0001558370-25-009400: third quarter and nine months ended June 27, 2025. - Form 8-K filed April 23, 2025, accession 0001558370-25-005183: second quarter and six months ended March 28, 2025. ## Earnings and guidance - **July 22, 2026 (fiscal Q3 2026), 0001104659-26-085589.** Net sales were a record $5.16 billion, up 14% reported and 12% organic. GAAP diluted EPS from continuing operations was $2.55 (up 19%); adjusted EPS was a record $2.94 (up 22%). Orders were a record $5.7 billion (up 27%). Operating cash flow was $1.2 billion for the quarter and $3.0 billion year to date; free cash flow was $883 million for the quarter and $2.2 billion year to date. Restructuring and other charges were $83 million in the quarter, against $14 million a year earlier. Results came in above the April guidance of about $5 billion in sales and $2.83 adjusted EPS. - **Fourth-quarter fiscal 2026 outlook (same release).** Sales of about $5.25 billion (up 11% reported and organic), adjusted EPS of about $3.05 (up 18%) and GAAP EPS from continuing operations of about $2.84 (up 27%). The outlook does not include Astrodyne TDI (see M&A). - **April 22, 2026 (fiscal Q2 2026), 0001104659-26-046285.** Net sales were $4.74 billion (up 15% reported, 7% organic); GAAP diluted EPS from continuing operations was $2.90 and adjusted EPS a record $2.73 (up 24%); record orders of $5.3 billion (up 25%). First-half free cash flow was $1.3 billion. Third-quarter guidance was sales of about $5 billion and adjusted EPS of about $2.83. - **January 21, 2026 (fiscal Q1 2026), 0001104659-26-005219.** Net sales were $4.7 billion (up 22% reported, 15% organic); GAAP diluted EPS from continuing operations was $2.53 and adjusted EPS $2.72 (up 33%); record orders of $5.1 billion. Second-quarter guidance was sales of about $4.7 billion and adjusted EPS of about $2.65. From fiscal 2026 the company excludes amortization of intangible assets from its adjusted measures. - **October 29, 2025 (fiscal Q4 and full year 2025), 0001104659-25-103388.** Fiscal 2025 net sales were a record $17.3 billion (up 9% reported, 6% organic), GAAP EPS $6.16, adjusted EPS a record $8.76, operating cash flow $4.1 billion and free cash flow $3.2 billion. The company returned $2.2 billion to shareholders and deployed $2.6 billion on bolt-on acquisitions. Fourth-quarter sales were $4.75 billion and adjusted EPS $2.44. - **November 20, 2025, Investor Day presentation (Exhibit 99.1), 0001104659-25-114450.** The company furnished its investor day presentation; it describes a model of 6-8% sales growth through the cycle, 30%+ incremental margins and double-digit adjusted EPS growth. ## M&A - **Astrodyne TDI - signed, not closed.** On July 22, 2026 the company entered into a definitive agreement to acquire Astrodyne TDI (power management and filtering solutions) from Tinicum L.P. for approximately $1.4 billion in cash. It is expected to contribute annual sales of more than $250 million, would be reported in Industrial Solutions, and is subject to customary regulatory approvals and closing conditions, with closing expected by the end of calendar 2026 (0001104659-26-085589, Exhibit 99.1; the quarterly report on Form 10-Q, accession 0001104659-26-086509, repeats this). No later filing in the period reports a closing. - **Fiscal 2026 bolt-on - closed.** The Form 10-Q for the quarter ended June 26, 2026 (0001104659-26-086509, Note 3) states the company acquired one business during the nine months for a cash purchase price of $200 million, net of cash acquired, with earn-out provisions. No separate Form 8-K reported it. - **Richards Manufacturing - closed April 1, 2025.** The company completed the acquisition of the Richards Manufacturing business (previously agreed February 11, 2025) on April 1, 2025, for approximately $2.3 billion net of cash acquired, reported in Industrial Solutions (0001104659-25-030569; 0001558370-25-009400). ## Debt and financing - **February 9, 2026, 0001104659-26-012079.** Tyco Electronics Group S.A. (TEGSA), a wholly owned subsidiary, issued $200 million of additional 4.500% Senior Notes due 2031 (fungible with the existing $450 million series) and $550 million of 4.875% Senior Notes due 2036, guaranteed by TE Connectivity plc and TE Connectivity Switzerland Ltd. - **February 13, 2026, 0001104659-26-015617.** TEGSA entered into a new five-year senior credit agreement with $3.0 billion of revolving commitments, maturing February 13, 2031 (extendable by up to two one-year periods; can be increased by up to $1.0 billion). It replaces the prior $1.5 billion facility that was due to terminate April 24, 2029, with no early-termination penalty. The leverage covenant is Consolidated Total Debt to EBITDA of 3.75 to 1.0, or 4.25 to 1.0 if a "Qualified Acquisition" defined in the agreement has occurred. - **May 6, 2025, 0001104659-25-045083.** TEGSA issued EUR 500 million of 2.500% Senior Notes due 2028. - **May 9, 2025, 0001104659-25-046750.** TEGSA issued $450 million of 4.500% Senior Notes due 2031 and $450 million of 5.000% Senior Notes due 2035. The company also elected to terminate its $1.5 billion 364-day credit facility effective May 16, 2025; nothing was outstanding under it. - **March 14, 2025 (filed March 17), 0001104659-25-024458.** TEGSA entered into that $1.5 billion 364-day revolving credit agreement, which was to back borrowings under the commercial paper program. ## Capital returns - **Dividend.** The April 22, 2026 release announced a 10% increase in the quarterly cash dividend (0001104659-26-046285). Per the Form 10-Q (0001104659-26-086509), the board approved in June 2026 an interim dividend of $0.78 per ordinary share, payable September 11, 2026 to holders of record August 21, 2026. - **Buybacks.** During the nine months ended June 26, 2026 the board authorized a $3.0 billion increase to the share repurchase program, and in March 2026 approved cancellation of about 8.3 million shares repurchased in fiscal 2025 (0001104659-26-086509). Share repurchases were $1.35 billion in the nine months (0001104659-26-085589). ## Restructuring - During fiscal 2026 the company initiated a restructuring program to optimize its manufacturing footprint and cost structure; $86 million of charges were recorded under it in the nine months ended June 26, 2026, most of it in the third quarter (0001104659-26-086509, Note 2). ## Governance - **March 11, 2026 Annual General Meeting, 0001104659-26-026421.** Shareholders voted on all agenda items, including election of thirteen directors; all items were passed. - **October 6, 2026 (filed October 7), 0001104659-26-114188.** Director William A. Jeffrey notified the company that he will retire from the board and not stand for re-election at the March 2027 annual general meeting, stating no disagreement with the company. ## Not reflected - No Form 8-K reports the closing of the fiscal 2026 $200 million bolt-on acquisition, and none reports the closing of Astrodyne TDI.