2024-04-24 11:35:27 ET
TE Connectivity Ltd. (TEL)
Q2 2024 Results Conference Call
April 24, 2024 08:30 AM ET
Company Participants
Sujal Shah - Vice President, Investor Relations
Terrence Curtin - Chief Executive Officer
Heath Mitts - Chief Financial Officer
Conference Call Participants
Mark Delaney - Goldman Sachs
Luke Junk - Baird
Amit Daryanani - Evercore Partners
Wamsi Mohan - Bank of America
Samik Chatterjee - JPMorgan
Joe Giordano - TD Cowen
Asiya Merchant - Citigroup
Saree Boroditsky - Jefferies
Steven Fox - Fox Advisors
Colin Langan - Wells Fargo
Christopher Glynn - Oppenheimer
Matt Sheerin - Stifel
Shreyas Patil - Wolfe Research
William Stein - Truist Securities
Presentation
Operator
Everyone, thank you for standing by, and welcome to the TE Connectivity Second 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] As a reminder, today’s call is being recorded.
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 second quarter 2024 results and outlook for our third 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 Curtin
Thank you, Sujal, and we appreciate everyone joining us today.
As I like to normally do before I get into the slides, I do want to take a moment to provide some performance highlights along with what we're seeing versus our call 90 days ago. We continue to be in a dynamic global economic environment. Against this backdrop, the performance of our markets is largely consistent with our expectations, resulting in second quarter sales being in line with our guidance with sequential growth in all three of our segments.
In addition, we experienced improved order levels with sequential growth in orders in all of our segments, and I'll provide you more details on orders later in the call....
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TE Connectivity Ltd. (TEL) Q2 2024 Earnings Call Transcript