SMT, PCB Electronics Industry News
  • SMTnet
  • »
  • Industry News
  • »
  • Tyco Electronics Reports Strong Fiscal Fourth Quarter and Full Year 2010 Results

Tyco Electronics Reports Strong Fiscal Fourth Quarter and Full Year 2010 Results

Oct 30, 2010

SCHAFFHAUSEN, Switzerland - Tyco Electronics Ltd. (NYSE: TEL) today reported results for the fiscal fourth quarter ended Sept. 24, 2010. The company reported a net sales increase of 16 percent year-over-year, and 2 percent sequentially, to $3.1 billion.

"Our fourth quarter was a strong finish to a very good year," said Tyco Electronics Chief Executive Officer Tom Lynch. "Our 2010 sales of $12.1 billion were up 18 percent over the prior year. This growth was broad-based across our markets and geographies, driven by a recovering global economy and our ability to respond quickly during the rebound. We also strengthened our market position during the year."

As announced in July 2010, the company reached an agreement to acquire ADC (Nasdaq: ADCT) for $12.75 per share in cash, or an enterprise value of approximately $1.25 billion. This acquisition is expected to position the company as a leading global provider of broadband connectivity products to carrier and enterprise networks.

Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, specialty products and subsea communication systems, with fiscal 2010 sales of $12.1 billion to customers in more than 150 countries. We design, manufacture and market products for customers in a broad array of industries including automotive; data communication systems and consumer electronics; telecommunications; aerospace, defense and marine; medical; energy; and lighting. With approximately 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/

Jan 18, 2011 -

Tyco Electronics (TE) Launches New Corporate Responsibility Program and Report

Dec 09, 2010 -

Tyco Electronics Completes Acquisition of ADC

Dec 03, 2010 -

Tyco Electronics Plans Name Change to TE Connectivity Ltd.

Sep 02, 2010 -

Tyco Electronics to Present at the Citi Global Technology Conference

Aug 28, 2010 -

Tyco Electronics Announces Record and Payment Dates for Fiscal 2010 Fourth Quarter Dividend of $0.16

Aug 24, 2010 -

Tyco Electronics Extends Tender Offer for ADC

Jul 16, 2010 -

Tyco Electronics to Acquire ADC, Creating a World Leader in Broadband Connectivity

Jun 30, 2010 -

Tyco Electronics to Report Fiscal Third Quarter Results on July 22, 2010

May 11, 2010 -

Tyco Electronics Announces Record and Payment Dates for Fiscal 2010 Third Quarter Dividend of $0.16

Apr 23, 2010 -

Tyco Electronics Donates US$150,000 (1 Million RMB) to China Earthquake Relief Effort

56 more news from TE Connectivity »

Jul 21, 2017 -

Epec Now Offering PCB Layout and Design Services

Jul 21, 2017 -

Help customer solve problems of 750L machine

Jul 19, 2017 -

Digicom Electronics Receives AS9100:2016 (RevD) Aerospace and ISO 9001:2015 Certifications

Jul 19, 2017 -

Conecsus Presents SMT Metals Waste Recycling Solutions at SMTAI 2017

Jul 19, 2017 -

New Metcal HTD Tips & Hand-piece Increase Throughput and Save Money

Jul 19, 2017 -

Altus Supports Bespoke Desktop Robots for Automated Soldering, from ATN Germany

Jul 19, 2017 -

STI Acquires Fischerscope X-ray XDAL 237

Jul 19, 2017 -

COT Reduces Prices on SMT Nozzles & Consumables

Jul 19, 2017 -

Cogiscan Partners with iBASEt for Automated Electronics Assembly

Jul 19, 2017 -

International Wafer-Level Packaging Conference (IWLPC) Program Announced and Registration Now Open

See electronics manufacturing industry news »

Tyco Electronics Reports Strong Fiscal Fourth Quarter and Full Year 2010 Results news release has been viewed 816 times

  • SMTnet
  • »
  • Industry News
  • »
  • Tyco Electronics Reports Strong Fiscal Fourth Quarter and Full Year 2010 Results
Used PCB Equipment - AdoptSMT

Smart Factory Starter Kit - KIC