TE Connectivity's (TEL) CEO Terrence Curtin on Q2 2021 Results - Earnings Call Transcript

TE Connectivity Ltd. (NYSE:TEL) Q2 2021 Earnings Conference Call April 27, 2022 8:30 AM ET

Company Participants

Sujal Shah – Vice President of Investor Relations

Terrence Curtin – Chief Executive Officer

Heath Mitts – Chief Financial Officer

Conference Call Participants

Chris Snyder – UBS

David Kelley – Jefferies

Mark Delaney – Goldman Sachs

Wamsi Mohan – Bank of America

Amit Daryanani – Evercore

Samik Chatterjee – J.P. Morgan

Matt Sheerin – Stifel

Joe Giordano – Cowen

William Stein – Truist Securities

Shreyas Patil – Wolfe Research

Jim Suva – Citigroup

Chris Glynn – Oppenheimer

Joseph Spak – RBC

Luke Junk – Baird

Nik Todorov – Longbow Research

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the TE Connectivity Second 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 second 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. 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're asking everyone to limit themselves to one question. We are willing to take follow-up questions but ask that you 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 also, I appreciate every joining us today to cover our second quarter results as well as our outlook for the third quarter of fiscal 2022. Before Heath and I take you through the slides and details, I want to take a moment to discuss the current environment and frame our performance relative to some of the developments that we've been seeing. Since our last earnings call three months ago, we've seen some elements of the macro environment become more volatile. And specifically, we've seen the invasion of Ukraine as well as COVID lockdowns in certain parts of China.