TELTE Connectivity
We are a global industrial technology leader creating a safer, sustainable, productive, and connected future. 10-K, Item 1
- Employees
- 104,000
- Headquarters
- Galway
- CEO
- Terrence Curtin
- Next results
- around Jan 20, 2027
3 paragraphs in Risk Factors of the 10-K filed Nov 9, 2026 with nothing like them in the 10-K filed Nov 10, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 74 Technology companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
As AI technologies continue to evolve, future adoption of more autonomous capabilities may introduce additional legal, regulatory, operational, cybersecurity, safety, and reputational risks. If we are unable to effectively address the risks associated with the development, deployment, use, or governance of AI technologies, our business, results of operations, financial condition, and reputation could be adversely affected. Additionally, there can be no assurances that the use of AI technologies will enhance our products and service or be beneficial to our business, including our efficiency, safety, or profitability.
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expand existing data storage protocols, build new storage facilities, and/or devote additional resources to comply with the requirements of such laws, any of which could have significant implications to business operations and costs.
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manufacture or sale of our products more expensive or impossible, could limit our ability to sell our products in certain jurisdictions, and could result in liability for product recalls, penalties, or other claims.
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New in the latest 10-Q
12 paragraphs in the 10-Q filed Jul 24, 2026 with nothing like them in the 10-Q filed Apr 24, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
The Richards Manufacturing acquisition was accounted for under the provisions of Accounting Standards Codification 805, Business Combinations. We allocated the purchase price to tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values. During the quarter ended June 26, 2026, we finalized the valuation of identifiable intangible assets, fixed assets, and pre-acquisition contingencies. Adjustments to the estimated fair values of the assets acquired and liabilities assumed presented at September 26, 2025 were not material.
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The following unaudited pro forma financial information reflects our consolidated results of operations had the Richards Manufacturing acquisition occurred at the beginning of fiscal 2024:
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Pro Forma for the Pro Forma for the Quarter Ended Nine Months Ended June 27, June 27, 2025 2025 (in millions, except per share data) Net sales $ 4,534 $ 12,695 Net income 650 1,182 Diluted earnings per share $ 2.18 $ 3.94
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The significant pro forma adjustments, which are described below, are net of income tax expense (benefit) at the statutory rate.
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Pro forma results for the quarter ended June 27, 2025 were adjusted to exclude $16 million of acquisition costs. Pro forma results for the quarter ended June 27, 2025 were also adjusted to include $6 million of interest expense based on pro forma changes in our capital structure.
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Pro forma results for the nine months ended June 27, 2025 were adjusted to exclude $18 million of acquisition costs. Pro forma results for the nine months ended June 27, 2025 were also adjusted to include $34 million of interest expense based on pro forma changes in our capital structure and $17 million of charges related to the amortization of the fair value of acquired intangible assets.
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Pro forma results do not include any anticipated synergies or other anticipated benefits of the acquisition. Accordingly, the unaudited pro forma financial information is not necessarily indicative of either future results of operations or results that might have been achieved had the Richards Manufacturing acquisition occurred at the beginning of fiscal 2024.
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Effective at the beginning of the third quarter of fiscal 2026, we realigned a product line within the Transportation Solutions segment. The realignment did not result in any changes at the segment level. The following information reflects our current reporting structure. Prior period results have been recast to conform to the current reporting structure. As a result of the realignment, which was not significant, $30 million and $38 million of net sales were transferred from the commercial transportation business to the automotive business within the Transportation Solutions segment for the six months ended March 27, 2026 and nine months ended June 27, 2025, respectively.
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On July 22, 2026, we entered into a definitive agreement to acquire Astrodyne TDI, a leading manufacturer of power and filter solutions, for approximately $1.4 billion in cash. The transaction, which is expected to close by the end of calendar year 2026, is subject to customary regulatory approvals and other closing conditions. The business will be reported as part of our Industrial Solutions segment.
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On July 22, 2026, we entered into a definitive agreement to acquire Astrodyne TDI, a leading manufacturer of power and filter solutions, for approximately $1.4 billion in cash. The transaction, which is expected to close by the end of calendar year 2026, is subject to customary regulatory approvals and other closing conditions. The business will be reported as part of our Industrial Solutions segment.
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Effective at the beginning of the third quarter of fiscal 2026, we realigned a product line within the Transportation Solutions segment. Prior period results have been recast to conform to the current reporting structure. See Note 16 to the Condensed Consolidated Financial Statements for additional information regarding the realignment.
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June 26, 2026, we were in compliance with all of our debt covenants and believe that we will continue to be in compliance with our existing covenants for the foreseeable future.
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Work on TEL in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/TEL/export.csv") into a cell.