TE CONNECTIVITY LTD. (NYSE:TEL) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure
TE Connectivity Ltd. (the “Company”, “we”, “us” or “our”) is furnishing under Item 7.01 of this Current Report on Form8-K a presentation that will be made by the Company at its investor meeting being held today, December13, 2017, beginning at 9:00 a.m.EST in New York City. At the investor meeting the Company will discuss its business strategies and reaffirm sales and adjusted earnings per share outlook for its first quarter ending December29, 2017 and fiscal 2018 full year previously given by the Company during its earnings call held on November1, 2017 and furnished with the U.S. Securities and Exchange Commission in a Form8-K on November1, 2017. A copy of the presentation is being furnished to Regulation FD as Exhibit99.1 and is incorporated herein by reference. A live webcast of the event will be available at the investor relations section of the Company’s website: www.te.com.
This Form8-K contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this Form8-K include statements addressing our future financial condition and operating results. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, business, economic, competitive and regulatory risks, such as conditions affecting demand for products, particularly in the automotive and data and devices industries; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation. More detailed information about these and other factors is set forth in TE Connectivity Ltd.’s Annual Report on Form10-K for the fiscal year ended Sept. 29, 2017 as well as in our Quarterly Reports on Form10-Q, Current Reports on Form8-K and other reports filed by us with the U.S. Securities and Exchange Commission.
Adjusted Earnings Per Share, a non-GAAP financial measure, represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition related charges, tax sharing income related to adjustments to prior period tax returns and other tax items, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. Adjusted earnings per share provides supplemental information and should not be considered a replacement for results in accordance with GAAP. Management uses adjusted earnings per share internally for planning and forecasting purposes and in its decision-making processes related to the operations of our company. Adjusted earnings per share is a significant component in our incentive compensation plans. We believe adjusted earnings per share provides meaningful information to us and investors because it enhances the understanding of our operating performance, ability to generate cash, and the trends of our business. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in