TEL - TE Connectivity Ltd. (TEL) Q1 2024 Earnings Call Transcript
2024-01-24 15:24:04 ET
TE Connectivity Ltd. (TEL)
Q1 2024 Earnings Call
January 24, 2024 08:30 AM ET
Company Participants
Sujal Shah - Vice President of Investor Relations
Terrence R. Curtin - Chief Executive Officer
Heath Mitts - Chief Financial Officer
Conference Call Participants
Mark Delaney - Goldman Sachs
Wamsi Mohan - Bank of America
Amit Daryanani - Evercore
Christopher Glynn - Oppenheimer
Chris Snyder - UBS
Steven Fox - Fox Advisors
Joe Giordano - TD Cowen
Samik Chatterjee - J.P. Morgan
Matt Sheerin - Stifel
William Stein - Truist Securities
Luke Junk - Baird
Shreyas Patil - Wolfe Research
Asiya Merchant - Citigroup
Colin Langan - Wells Fargo
Presentation
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the TE Connectivity First Quarter Results Call for Fiscal Year 2024. At this time, all lines are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions]
I would now like to turn the conference over to our host, Vice President of Investor Relations, Sujal Shah. Please go ahead.
Sujal Shah
Good morning, and thank you for joining our conference call to discuss TE Connectivity's Q1 2024 results and outlook for our second quarter. With me today are Chief Executive Officer, Terrence Curtin; and Chief Financial Officer, Heath Mitts.
During this call, we will be providing certain forward-looking information, and we ask you to review the forward-looking cautionary statements included in today's press release. In addition, we will use certain non-GAAP measures in our discussion this morning, and we ask you to review the sections of our press release and the accompanying slide presentation that address the use of these items. The press release and related tables, along with the slide presentation, can be found on the Investor Relations portion of our website te.com.
Finally, during the Q&A portion of today's call, due to the number of participants, we're asking everyone to limit themselves to one question and you may rejoin the queue if you have a second question.
Now let me turn the call over to Terrence for opening comments.
Terrence R. Curtin
Thank you, Sujal, and we appreciate everybody joining us today. And I do also want to wish everybody a Happy New Year.
As I normally like to do before we get into the slides, I do want to take a moment to discuss our performance this quarter along with what we're seeing in our markets versus our last call 90 days ago. We continue to be in a slow global economic environment. Against this backdrop, the performance of our markets is largely consistent with our expectations and it resulted in our first quarter sales being in-line with our guidance of flat revenue growth....
TE Connectivity Ltd. (TEL) Q1 2024 Earnings Call Transcript