TE Connectivity Ltd. (TEL) Q4 2022 Earnings Call Transcript

TE Connectivity Ltd. (NYSE:TEL) Q4 2022 Earnings Conference Call November 2, 2022 8:30 AM ET

Company Participants

Sujal Shah - VP, IR

Terrence Curtin - CEO

Heath Mitts - CFO

Conference Call Participants

David Kelley - Jefferies

Wamsi Mohan - Bank of America

Steven Fox - Fox Advisors

Matt Sheerin - Stifel

Amit Daryanani - Evercore ISI

Chris Snyder - UBS

Joe Spak - RBC Capital Markets

Mark Delaney - Goldman Sachs

Jim Suva - Citigroup

Shreyas Patil - Wolfe Research

Luke Junk - Baird

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the TE Connectivity Fourth Quarter 2022 Earnings Call. 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 fourth quarter and full year 2022 results.

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 at te.com.

I also want to remind you that our Q4 results include an extra week and we'll be discussing some of our results on both the 14-week and 13-week basis during the call. Please see the appendix in the slide presentation for the impact of the extra week in our results as well as the accompanying reconciliations.

Finally, during the Q&A portion of today’s call, we are asking everyone to limit themselves to one question and you may re-join 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 for joining us today. As I typically like to do at the beginning of these calls before we get into the slides, I'd like to spend some time discussing our performance, along with some of the developments that we're seeing since our call just 90 days ago.