TE Connectivity reconnects with China as supply chain pressures continue — Panjiva
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TE Connectivity reconnects with China as supply chain pressures continue

China 3063 Earnings 761 European Union 890 Industrials - Capital Goods 625 Mexico 931 Quote Watch 452 U.S. 5418

Industrial sensor and connector manufacturer TE Connectivity reported FQ2’21 (to March 31) revenue growth of 17.0% year over year as the firm’s supply chain “is catching up to the increased level of demand we are seeing in many of our end markets” according to CFO Heath Mitts. Challenges are likely to continue though from “higher freight charges and other supply chain pressures in the quarter, and these will continue into the third quarter”, Mr. Mitts also noted. In the three months to Feb. 28 U.S. seaborne imports and Mexican exports to the U.S. co...

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