TE Connectivity releases third quarter 2022 financial results

TE Connectivity (TE) recently announced its third-quarter 2022 financial report. As of June 24, the company's net sales reached US$4.1 billion, a year-on-year increase of 7% and an organic increase of 11%. The order amount was US$4.2 billion, the order-to-shipment ratio reached 1.02, and the undelivered orders increased by more than 20% year-on-year. GAAP diluted earnings per share were US$1.83, a year-on-year increase of 5%, and adjusted earnings per share were US$1.86, a year-on-year increase of 4%. The company also released its annual corporate responsibility report, showcasing its environmental achievements in fiscal 2021.