Thread regarding Tyco Electronics Ltd. layoffs

First quarter highlights

  • Net sales were $3.8 billion, up 8% on a reported and organic basis year over year.
  • Orders of $4.3 billion, up 7% year over year.
  • Earnings per share (EPS) were a first quarter record on both a GAAP and an adjusted EPS basis. GAAP diluted EPS from continuing operations were $1.72, up 52% year over year, and adjusted EPS were $1.76, up 20% year over year.
  • Cash flow from operating activities was $532 million and free cash flow was approximately $370 million, with approximately $410 million returned to shareholders.
  • TE named to the Dow Jones Sustainability Index for the 10th consecutive year and ranked in the top 20 of Investor Business Daily's 100 best ESG companies.

[https://www.news-journal.com/te-connectivity-announces-first-quarter-results-for-fiscal-year-2022/article_adfa72fe-604f-5390-93f2-9a221e0cf847.html]

Any thoughts on results?

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