Tyco Electronics Ltd. (TEL, Financial) filed Quarterly Report for the period ended 2012-12-28.
Te Connectivity Ltd has a market cap of $16.59 billion; its shares were traded at around $39.3 with a P/E ratio of 14.6 and P/S ratio of 1.3. The dividend yield of Te Connectivity Ltd stocks is 2.1%.
Net sales in our Transportation Solutions segment increased $33 million, or 2.7%, to $1,264 million in the first quarter of fiscal 2013 from $1,231 million in the first quarter of fiscal 2012. Organic net sales decreased by $12 million, or 1.0%, in the first quarter of fiscal 2013 as compared to the first quarter of fiscal 2012. The weakening of certain foreign currencies negatively affected net sales by $25 million, or 2.0%, in the first quarter of fiscal 2013 as compared to the same period of fiscal 2012. Deutsch contributed net sales of $70 million in the first quarter of fiscal 2013.
Net sales in our Network Solutions segment decreased $68 million, or 8.5%, to $734 million in the first quarter of fiscal 2013 from $802 million in the first quarter of fiscal 2012. Organic net sales decreased $63 million, or 7.8%, in the first quarter of fiscal 2013 from the first quarter of fiscal 2012. The weakening of certain foreign currencies negatively affected net sales by $5 million, or 0.7%, in the first quarter of fiscal 2013 as compared to the same period of fiscal 2012.
Net sales in our Industrial Solutions segment increased $15 million, or 2.2%, to $700 million in the first quarter of fiscal 2013 from $685 million in the first quarter of fiscal 2012. Organic net sales decreased $55 million, or 8.0%, during the first quarter of fiscal 2013 as compared to the first quarter of fiscal 2012. The weakening of certain foreign currencies negatively affected net sales by $8 million, or 1.2%, in the first quarter of fiscal 2013 as compared to the same period of fiscal 2012. Deutsch contributed net sales of $78 million in the first quarter of fiscal 2013.
In the first quarter of fiscal 2013, net sales in our Consumer Solutions segment decreased $16 million, or 3.5%, to $436 million from $452 million in the first quarter of fiscal 2012. Organic net sales decreased $11 million, or 2.4%, during the first quarter of fiscal 2013 as compared to the first quarter of fiscal 2012. The weakening of certain foreign currencies negatively affected net sales by $5 million, or 1.1%, in the first quarter of fiscal 2013 as compared to the first quarter of fiscal 2012.
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Te Connectivity Ltd has a market cap of $16.59 billion; its shares were traded at around $39.3 with a P/E ratio of 14.6 and P/S ratio of 1.3. The dividend yield of Te Connectivity Ltd stocks is 2.1%.
Highlight of Business Operations:
Net Sales. Net sales decreased $36 million, or 1.1%, to $3,134 million in the first quarter of fiscal 2013 from $3,170 million in the first quarter of fiscal 2012. On an organic basis, net sales decreased $141 million, or 4.4%, in the first quarter of fiscal 2013 as compared to the same period of fiscal 2012 as a result of declines in the Network Solutions and Industrial Solutions segments, and to a lesser degree, the Consumer Solutions and Transportation Solutions segments. Deutsch, which was acquired on April 3, 2012, contributed net sales of $148 million in the first quarter of fiscal 2013. Foreign currency exchange rates negatively affected net sales by $43 million, or 1.4%, in the first quarter of fiscal 2013 as compared to the same period of fiscal 2012.Net sales in our Transportation Solutions segment increased $33 million, or 2.7%, to $1,264 million in the first quarter of fiscal 2013 from $1,231 million in the first quarter of fiscal 2012. Organic net sales decreased by $12 million, or 1.0%, in the first quarter of fiscal 2013 as compared to the first quarter of fiscal 2012. The weakening of certain foreign currencies negatively affected net sales by $25 million, or 2.0%, in the first quarter of fiscal 2013 as compared to the same period of fiscal 2012. Deutsch contributed net sales of $70 million in the first quarter of fiscal 2013.
Net sales in our Network Solutions segment decreased $68 million, or 8.5%, to $734 million in the first quarter of fiscal 2013 from $802 million in the first quarter of fiscal 2012. Organic net sales decreased $63 million, or 7.8%, in the first quarter of fiscal 2013 from the first quarter of fiscal 2012. The weakening of certain foreign currencies negatively affected net sales by $5 million, or 0.7%, in the first quarter of fiscal 2013 as compared to the same period of fiscal 2012.
Net sales in our Industrial Solutions segment increased $15 million, or 2.2%, to $700 million in the first quarter of fiscal 2013 from $685 million in the first quarter of fiscal 2012. Organic net sales decreased $55 million, or 8.0%, during the first quarter of fiscal 2013 as compared to the first quarter of fiscal 2012. The weakening of certain foreign currencies negatively affected net sales by $8 million, or 1.2%, in the first quarter of fiscal 2013 as compared to the same period of fiscal 2012. Deutsch contributed net sales of $78 million in the first quarter of fiscal 2013.
In the first quarter of fiscal 2013, net sales in our Consumer Solutions segment decreased $16 million, or 3.5%, to $436 million from $452 million in the first quarter of fiscal 2012. Organic net sales decreased $11 million, or 2.4%, during the first quarter of fiscal 2013 as compared to the first quarter of fiscal 2012. The weakening of certain foreign currencies negatively affected net sales by $5 million, or 1.1%, in the first quarter of fiscal 2013 as compared to the first quarter of fiscal 2012.
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