TE Connectivity reports Q3 adjusted EPS $2.27, consensus $2.08

Reports Q3 revenue $4.5B, consensus $4.32B. Orders were $4.5B, up year over year and sequentially. “TE’s strong third quarter results above guidance demonstrate how the diversity of our portfolio and global positioning enable us to achieve record performance in a dynamic environment to deliver value for our owners and customers,” said CEO Terrence Curtin. “Our double-digit sales growth was driven by 30% sales growth in our Industrial segment. Together with the strong performance by our teams, we achieved 20% adjusted operating margins leading to quarterly records in adjusted EPS and cash generation.”