(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. © 2020 TE Connectivity. Net sales were $3.26 billion, up 28% sequentially on a reported basis compared to the 10% increase the company expected. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, the extent, severity and duration of COVID-19 negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we serve; 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, including the effects of Swiss tax reform. Sales were down 1% on a reported basis and down 4% on an organic basis year over year. View today's stock price, news and analysis for TE Connectivity Ltd. (TEL). Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. We have encountered an unexpected system error. Growth in all segments sequentially, with Transportation segment up 49%, driven by Auto business. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter. Fourth Quarter Highlights Net sales were $3.26 billion, up 28% sequentially on a reported basis compared to the 10% increase the company expected. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Net sales were $3.26 billion, up 28% sequentially on a reported basis compared to the 10% increase the company expected.Sales were down 1% on a reported basis and down 4% on an organic basis year over year. Copyright 2019© FactSet Research Systems Inc. All rights reserved. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. (1) Organic net sales growth (decline) is a non-GAAP financial measure. The forward-looking statements in this release include statements addressing our future financial condition and operating results, and the impact on our operations resulting from the coronavirus disease 2019 ("COVID-19"). Such developments may include the geographic spread of the virus, the severity of the virus, the duration of the outbreak, the impact on our suppliers' and customers' supply chains, the actions that may be taken by various governmental authorities in response to the outbreak in jurisdictions in which we operate, and the possible impact on the global economy and local economies in which we operate. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES, Diluted earnings per share from continuing operations. Adjusted Operating Income (Loss) and Adjusted Operating Margin – represent operating income (loss) and operating margin, respectively, (the most comparable GAAP financial measures) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, and other income or charges, if any. Certain special items, including net payments related to pre-separation tax matters and cash paid (collected) pursuant to collateral requirements related to cross-currency swap contracts, are also excluded by management in evaluating Free Cash Flow. Information about TE Connectivity's use of non-GAAP financial measures is provided below. Such amounts are included in adjusted (non-GAAP) diluted shares. By telephone: For both "listen-only" participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in number in the United States is (866) 211-4092, and for international callers, the dial-in number is (647) 689-6620. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. All rights reserved. See description of non-GAAP financial measures. (3) See description of non-GAAP financial measures. Shop 1,000+ rugged connectors, available for purchase on TE.com, Save preferred products you can export and share, Electric Vehicles & Connected Transportation, Partnerships with Inventors & Entrepreneurs, Digital Manufacturing, Materials Science, & 3D Printing, Engineering Leaders: Our Fellows, CTOs, and Select SMEs, Common shares, CHF 0.57 par value, 338,953,381 shares authorized and issued, and, Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating, Saint Helena, Ascension and Tristan da Cunha (EN), South Georgia and the South Sandwich Islands (EN), United States Minor Outlying Islands (EN). The TE Connectivity (TE) News Page features TE corporate news releases, recent news coverage, TE media contact information, and corporate information for use by … Fundamental company data and analyst estimates provided by FactSet. Organic Net Sales Growth (Decline) – represents net sales growth (decline) (the most comparable GAAP financial measure) excluding the impact of foreign currency exchange rates, and acquisitions and divestitures that occurred in the preceding twelve months, if any.