TE Connectivity Ltd.'s (TEL) CEO Terrence Curtin on Q3 2022 Results - Earnings Call Transcript

TE Connectivity Ltd. (NYSE:TEL) Q3 2022 Earnings Conference Call July 27, 2022 8:30 AM ET

Company Participants

Sujal Shah – Vice President-Investor Relations

Terrence Curtin – Chief Executive Officer

Heath Mitts – Chief Financial Officer

Conference Call Participants

Chris Snyder – UBS

David Kelly – Jeffries

Wamsi Mohan – Bank of America

Mark Delaney – Goldman Sachs

Robert Jamieson – Cowen & Company

Amit Daryanani – Evercore

William Stein – Truist Securities

Matt Sheerin – Stifel

Christopher Glynn – Oppenheimer

Shreyas Patil – Wolfe Research

Jim Suva – Citigroup

Steven Fox – Fox Advisors

Joseph Spak – RBC Capital Markets

Luke Junk – Baird

Nikolay Todorov – Longbow Research

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the TE Connectivity’s Third Quarter 2022 Earnings Call. [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 third quarter 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.

Due to the large number of participants on the Q&A portion of today’s call, we are asking everyone to limit themselves to one question. We are willing to take follow-up questions, but ask that you 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 I also want to thank everyone for joining us today to cover our results for the third quarter along with our outlook for the fourth quarter of fiscal 2022.

As I normally do and before Heath and I get into the details on the slide, I want to take a moment to discuss our performance within the backdrop of the current environment. We delivered strong performance again in the third quarter with record sales, and this represents 11% organic growth year-over-year. We had growth in each of our three segments and organic growth across all nine of our business units.