From FY25 TE Connectivity Will Have 2 Reportable Segments, Transportation Solutions and Industrial Solutions Under Latest Reorganization
Portfolio Pulse from Benzinga Newsdesk
TE Connectivity announced a reorganization that will result in two reportable segments, Transportation Solutions and Industrial Solutions, starting in fiscal 2025. The company will provide recast financial information in an 8-K filing later this quarter.
October 30, 2024 | 10:09 am
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TE Connectivity will reorganize into two segments, Transportation Solutions and Industrial Solutions, starting in fiscal 2025. This restructuring aims to streamline operations and improve financial transparency.
The reorganization into two segments could lead to more focused operations and potentially improved financial performance. The announcement of recast financials suggests increased transparency, which may positively influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100