Here's How Many Shares of VICI Properties You Should Own to Get $5,000 in Yearly Dividends
VICI Properties (NYSE: VICI) has been a great income investment over the years. Here's a look at how many shares of the real estate investment trust (REIT) you'd need to own to collect $5,000 in dividend income each year.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
VICI Properties owns a treasure trove of experiential real estate, including three of the most iconic casinos on the Las Vegas Strip: Caesars Palace Las Vegas, MGM Grand, and Venetian Resort Las Vegas. The REIT leases these properties to operating companies under very long-term triple net (NNN) leases. Those leases provide it with very stable and growing rental income to pay dividends.
The REIT currently pays a quarterly dividend of $0.4325 per share ($1.73 annualized). At that rate, you'd need to own 2,890 shares to collect $5,000 in dividend income each year. With its share price recently around $32.50, you'd need to invest over $94,000 into the REIT to hit that annual income level.
While that's a lot of money, it's about what you'd need to buy a rental property, given the closing costs, down payment, and repairs required to purchase a home and get it ready to rent. Further, you'd start collecting very passive dividend income immediately.
Meanwhile, it's much less money than you'd need to invest in an S&P 500 index fund to generate the same level of annual dividend income. Given the S&P 500's lower dividend yield (1.4% versus 5.3% for VICI Properties), you'd need to invest over $350,000 into an S&P 500 index fund to reach $5,000 in annual dividend income.
VICI Properties' dividend income should rise each year. The REIT has increased its payout every year since its formation (seven consecutive years), growing it at a 7% compound annual rate. Its combination of yield and growth makes it a great dividend stock to buy for passive income.
Before you buy stock in Vici Properties, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Vici Properties wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $524,747!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $622,041!*
Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 153% for the S&P 500. Don't miss out on the latest top 10 list, available when you join .
See the 10 stocks »
*Stock Advisor returns as of April 14, 2025
Matt DiLallo has positions in Vici Properties. The Motley Fool recommends Vici Properties. The Motley Fool has a disclosure policy.
Here's How Many Shares of VICI Properties You Should Own to Get $5,000 in Yearly Dividends was originally published by The Motley Fool
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
TE Connectivity delivers double-digit sales and EPS growth in third quarter of fiscal 2025
Results above guidance driven by strong operational performance and records in sales and cash flow GALWAY, Ireland, July 23, 2025 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL) today reported results for the fiscal third quarter ended June 27, 2025. Third Quarter Highlights Net sales were a record $4.5 billion, an increase of 14% on a reported basis year over year and 9% organically driven primarily by strong growth in the Industrial segment. GAAP diluted earnings per share (EPS) from continuing operations was $2.14, up 15% year over year. Adjusted EPS was a record $2.27, an increase of approximately 19% year over year. Orders were $4.5 billion, up year over year and sequentially. Operating margin was 18.9% and adjusted operating margin was a record 19.9%, driven by strong operational performance across both segments. Record cash generation for the third quarter and year to date, including: Cash flow from operating activities for the quarter was approximately $1.2 billion and $2.7 billion year to date. Free cash flow for the quarter was $962 million and approximately $2.1 billion year to date. Strong capital deployment year to date, including: Completed Richards acquisition in third quarter for $2.3 billion in the Industrial segment. Returned $1.5 billion to shareholders. "TE's strong third quarter results above guidance demonstrate how the diversity of our portfolio and global positioning enable us to achieve record performance in a dynamic environment to deliver value for our owners and customers," said CEO Terrence Curtin. "Our double-digit sales growth was driven by 30% sales growth in our Industrial segment. Together with the strong performance by our teams, we achieved 20% adjusted operating margins leading to quarterly records in adjusted EPS and cash generation. "The Industrial segment's results were led by the delivery of high-speed connectivity solutions into AI applications, and strong growth in our energy business. In our Transportation segment, we increased sales despite declines in vehicle production due to our strength in Asia and innovations in long-term growth trends such as electrification and next-generation vehicle data connectivity. We expect the momentum to continue, as reflected in our fourth quarter guidance where we expect double-digit sales and adjusted earnings growth." Fourth Quarter FY25 Outlook For the fourth quarter of fiscal 2025, the company expects net sales of approximately $4.55 billion, up 12% on a reported basis and 6% organically. GAAP EPS from continuing operations is expected to be approximately $2.18, an increase of more than 140% year over year, with adjusted EPS of approximately $2.27, up 16% year over year. Information about TE Connectivity's use of non-GAAP financial measures is provided below. For reconciliations of these non-GAAP financial measures, see the attached tables. Conference Call and Webcast The company will hold a conference call for investors today beginning at 8:30 a.m. ET. The conference call may be accessed in the following ways: At TE Connectivity's website: 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 (800) 715-9871 and for international callers, the dial-in number is (646) 307-1963. A replay of the conference call will be available on TE Connectivity's investor website at at 11:30 a.m. ET on July 23. About TE Connectivity TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 9,000 engineers, working alongside customers in approximately 130 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at and on LinkedIn, Facebook, WeChat and Instagram. Non-GAAP Financial Measures We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition to results in accordance with accounting principles generally accepted in the U.S. ("GAAP"). These non-GAAP financial measures provide supplemental information and should not be considered replacements for results in accordance with GAAP. Management uses non-GAAP financial measures internally for planning and forecasting purposes and in its decision-making processes related to the operations of our company. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. The primary limitation of these measures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using these non-GAAP financial measures in combination with the most directly comparable GAAP financial measures in order to better understand the amounts, character, and impact of any increase or decrease in reported amounts. These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies. The following provides additional information regarding our non-GAAP financial measures: 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. Organic Net Sales Growth (Decline) is a useful measure of our performance because it excludes items that are not completely under management's control, such as the impact of changes in foreign currency exchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity. This measure is a significant component in our incentive compensation plans. Adjusted Operating Income and Adjusted Operating Margin – represent operating income 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. We utilize these adjusted measures in combination with operating income and operating margin to assess segment level operating performance and to provide insight to management in evaluating segment operating plan execution and market conditions. Adjusted Operating Income is a significant component in our incentive compensation plans. Adjusted Income Tax (Expense) Benefit and Adjusted Effective Tax Rate – represent income tax (expense) benefit and effective tax rate, respectively, (the most comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, other income or charges, and certain significant tax items, if any. Adjusted Income from Continuing Operations – represents income from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. Adjusted Earnings Per Share – represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is a significant component in our incentive compensation plans. Free Cash Flow (FCF) – is a useful measure of our ability to generate cash. The difference between net cash provided by operating activities (the most comparable GAAP financial measure) and Free Cash Flow consists mainly of significant cash outflows and inflows that we believe are useful to identify. We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Free Cash Flow is defined as net cash provided by operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. Voluntary pension contributions are excluded from the GAAP financial measure because this activity is driven by economic financing decisions rather than operating activity. Certain special items, including cash paid (collected) pursuant to collateral requirements related to cross-currency swap contracts, are also excluded by management in evaluating Free Cash Flow. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment. These items are subtracted because they represent long-term commitments. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management's and the Board of Directors' discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP financial measure indicates. It should not be inferred that the entire Free Cash Flow amount is available for future discretionary expenditures, as our definition of Free Cash Flow does not consider certain non-discretionary expenditures, such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions, that are not considered in the calculation of Free Cash Flow. Forward-Looking Statements This release contains certain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements addressing our future financial condition and operating results. 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 business interruptions 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, including continuing military conflict in certain parts of the world; 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. In addition, our change of incorporation from Switzerland to Ireland is subject to risks, such as the risk that the anticipated advantages might not materialize, as well as the risks that the price of our stock could decline and our position on stock exchanges and indices could change, and Irish corporate governance and regulatory schemes could prove different or more challenging than currently expected. More detailed information about these and other factors is set forth in TE Connectivity plc's Annual Report on Form 10-K for the fiscal year ended Sept 27, 2024, as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission. TE CONNECTIVITY PLC CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)For the Quarters EndedFor the Nine Months EndedJune 27,June 28,June 27,June 28,2025202420252024(in millions, except per share data) Net sales $ 4,534$ 3,979$ 12,513$ 11,777 Cost of sales 2,934 2,593 8,094 7,704 Gross margin1,600 1,386 4,419 4,073 Selling, general, and administrative expenses491 431 1,372 1,299 Research, development, and engineering expenses211 189 602 546 Acquisition and integration costs27 5 41 16 Restructuring and other charges, net14 6 109 67 Operating income857 755 2,295 2,145 Interest income17 20 62 61 Interest expense(28) (18) (48) (55) Other expense, net— (3) (2) (11) Income from continuing operations before income taxes846 754 2,307 2,140 Income tax (expense) benefit(208) (181) (1,128) 778 Income from continuing operations638 573 1,179 2,918 Loss from discontinued operations, net of income taxes— — — (1) Net income $ 638$ 573$ 1,179$ 2,917 Basic earnings per share:Income from continuing operations $ 2.16$ 1.87$ 3.96$ 9.47 Net income2.16 1.87 3.96 9.47 Diluted earnings per share:Income from continuing operations $ 2.14$ 1.86$ 3.93$ 9.41 Net income2.14 1.86 3.93 9.41 Weighted-average number of shares outstanding: Basic296 306 298 308 Diluted298 308 300 310 TE CONNECTIVITY PLC CONSOLIDATED BALANCE SHEETS (UNAUDITED)June 27,September 27,20252024(in millions, except share data) AssetsCurrent assets:Cash and cash equivalents $ 672$ 1,319 Accounts receivable, net of allowance for doubtful accounts of $43 and $32, respectively3,431 3,055 Inventories2,832 2,517 Prepaid expenses and other current assets670 740 Total current assets7,605 7,631 Property, plant, and equipment, net4,213 3,903 Goodwill7,251 5,801 Intangible assets, net2,286 1,174 Deferred income taxes2,624 3,497 Other assets887 848 Total assets $ 24,866$ 22,854 Liabilities, redeemable noncontrolling interests, and shareholders' equityCurrent liabilities:Short-term debt $ 851$ 871 Accounts payable2,024 1,728 Accrued and other current liabilities2,113 2,147 Total current liabilities4,988 4,746 Long-term debt4,846 3,332 Long-term pension and postretirement liabilities817 810 Deferred income taxes223 199 Income taxes426 411 Other liabilities1,042 870 Total liabilities12,342 10,368 Commitments and contingenciesRedeemable noncontrolling interests143 131 Shareholders' equity:Preferred shares, $1.00 par value, 2 shares authorized, none outstanding as of June 27, 2025— — Ordinary class A shares, €1.00 par value, 25,000 shares authorized, none outstanding as of June 27, 2025— — Ordinary shares, $0.01 par value, 1,500,000,000 shares authorized, 301,987,708 shares issued and common shares, CHF 0.57 par value, 316,574,781 shares authorized and issued, respectively3 139 Accumulated earnings 13,337 14,533 Ordinary shares and common shares held in treasury, at cost, 6,147,743 and 16,656,681 shares, respectively(916) (2,322) Accumulated other comprehensive income (loss)(43) 5 Total shareholders' equity12,381 12,355 Total liabilities, redeemable noncontrolling interests, and shareholders' equity $ 24,866$ 22,854 TE CONNECTIVITY PLC CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)For the Quarters EndedFor the Nine Months EndedJune 27,June 28,June 27,June 28,2025202420252024(in millions) Cash flows from operating activities:Net income $ 638$ 573$ 1,179$ 2,917 Loss from discontinued operations, net of income taxes— — — 1 Income from continuing operations638 573 1,179 2,918 Adjustments to reconcile income from continuing operations to net cash provided by operating activities:Depreciation and amortization216 208 594 594 Deferred income taxes71 22 772 (1,190) Non-cash lease cost37 33 106 100 Provision for losses on accounts receivable and inventories19 15 62 70 Share-based compensation expense36 31 105 100 Other 26 (11) 60 53 Changes in assets and liabilities, net of the effects of acquisitions and divestitures:Accounts receivable, net(220) 10 (391) 82 Inventories(167) 114 (299) (127) Prepaid expenses and other current assets(109) 13 31 12 Accounts payable152 44 298 99 Accrued and other current liabilities222 (37) (76) (324) Income taxes117 13 172 28 Other149 (22) 105 20 Net cash provided by operating activities1,187 1,006 2,718 2,435 Cash flows from investing activities:Capital expenditures(230) (149) (665) (467) Proceeds from sale of property, plant, and equipment5 10 7 12 Acquisition of businesses, net of cash acquired(2,307) — (2,628) (339) Proceeds from divestiture of business, net of cash retained by business sold — 21 — 59 Other(5) 1 (12) (9) Net cash used in investing activities(2,537) (117) (3,298) (744) Cash flows from financing activities:Net increase (decrease) in commercial paper(1,500) 18 (255) (21) Proceeds from issuance of debt1,458 — 2,231 — Repayment of debt(1) (1) (580) (2) Proceeds from exercise of share options42 19 101 52 Repurchase of ordinary/common shares(301) (416) (910) (1,301) Payment of ordinary/common share dividends to shareholders(212) (199) (594) (564) Other(23) (12) (56) (39) Net cash used in financing activities(537) (591) (63) (1,875) Effect of currency translation on cash5 (5) (4) (8) Net increase (decrease) in cash, cash equivalents, and restricted cash(1,882) 293 (647) (192) Cash, cash equivalents, and restricted cash at beginning of period2,554 1,176 1,319 1,661 Cash, cash equivalents, and restricted cash at end of period $ 672$ 1,469$ 672$ 1,469 Supplemental cash flow information:Income taxes paid, net of refunds $ 20$ 146$ 184$ 384 TE CONNECTIVITY PLC RECONCILIATION OF FREE CASH FLOW (UNAUDITED)For the Quarters EndedFor the Nine Months EndedJune 27,June 28,June 27,June 28,2025202420252024(in millions) Net cash provided by operating activities $ 1,187$ 1,006$ 2,718$ 2,435 Capital expenditures, net(225) (139) (658) (455) Free cash flow (1) $ 962$ 867$ 2,060$ 1,980 (1) Free cash flow is a non-GAAP financial measure. See description of non-GAAP financial measures. TE CONNECTIVITY PLCSEGMENT DATA (UNAUDITED) For the Quarters Ended For the Nine Months Ended June 27, June 28, June 27, June 28, 2025 2024 2025 2024 ($ in millions) Net Sales Net Sales Net Sales Net SalesTransportation Solutions $ 2,418 $ 2,351 $ 6,975 $ 7,151Industrial Solutions2,1161,6285,5384,626Total $ 4,534 $ 3,979 $ 12,513 $ 11,777 OperatingOperating OperatingOperating OperatingOperating OperatingOperating IncomeMargin IncomeMargin IncomeMargin IncomeMarginTransportation Solutions $ 46219.1 %$ 50621.5 %$ 1,35319.4 %$ 1,47020.6 % Industrial Solutions39518.724915.394217.067514.6Total $ 85718.9 %$ 75519.0 %$ 2,29518.3 %$ 2,14518.2 %AdjustedAdjusted AdjustedAdjusted AdjustedAdjusted AdjustedAdjusted OperatingOperating OperatingOperating OperatingOperating OperatingOperating Income (1)Margin (1) Income (1)Margin (1) Income (1)Margin (1) Income (1)Margin (1)Transportation Solutions $ 46919.4 %$ 49821.2 %$ 1,42520.4 %$ 1,49820.9 % Industrial Solutions43220.426816.51,02618.573415.9Total $ 90119.9 %$ 76619.3 %$ 2,45119.6 %$ 2,23219.0 % (1) Adjusted operating income and adjusted operating margin are non-GAAP financial measures. See description of non-GAAP financial measures. TE CONNECTIVITY PLC RECONCILIATION OF NET SALES GROWTH (DECLINE) (UNAUDITED)Change in Net Sales for the Quarter Ended June 27, 2025versus Net Sales for the Quarter Ended June 28, 2024Net Sales Organic Net Sales Growth (Decline) Growth (Decline) (1) Translation (2)Acquisitions($ in millions) Transportation Solutions (3):Automotive $ 573.3 %$ 281.5 %$ 29$ — Commercial transportation143.9102.74 — Sensors(4)(1.7)(9)(3.8)5 — Total Transportation Solutions672.8291.138 — Industrial Solutions (3):Automation and connected living5210.0265.010 16 Aerospace, defense, and marine298.4216.28 — Digital data networks27784.226981.98 — Energy15869.94520.23 110 Medical(28)(13.4)(29)(13.5)1 — Total Industrial Solutions48830.033220.530 126 Total $ 55513.9 %$ 3619.1 %$ 68$ 126Change in Net Sales for the Nine Months Ended June 27, 2025versus Net Sales for the Nine Months Ended June 28, 2024Net Sales Organic Net Sales Acquisitions/Growth (Decline) Growth (Decline) (1) Translation (2)(Divestiture)($ in millions) Transportation Solutions (3):Automotive $ (54)(1.0) %$ (21)(0.4) %$ (21)$ (12) Commercial transportation(57)(5.2)(51)(4.6)(6) — Sensors(65)(8.9)(64)(8.7)(1) — Total Transportation Solutions(176)(2.5)(136)(1.9)(28) (12) Industrial Solutions (3):Automation and connected living795.3130.9(2) 68 Aerospace, defense, and marine10510.710310.52 — Digital data networks62070.461669.94 — Energy21432.27711.6(7) 144 Medical(106)(17.1)(107)(17.2)1 — Total Industrial Solutions91219.770215.2(2) 212 Total $ 7366.2 %$ 5664.8 %$ (30)$ 200 (1) Organic net sales growth (decline) is a non-GAAP financial measure. See description of non-GAAP financial measures. (2) Represents the change in net sales resulting from changes in foreign currency exchange rates. (3) Industry end market information is presented consistently with our internal management reporting and may be periodically revised as management deems necessary. TE CONNECTIVITY PLCRECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Quarter Ended June 27, 2025(UNAUDITED) Adjustments Acquisition-RestructuringRelatedand OtherAdjusted U.S. GAAP Charges (1)Charges, Net (1)(Non-GAAP) (2) ($ in millions, except per share data)Operating income:Transportation Solutions $ 462 $ —$ 7$ 469Industrial Solutions39530 7 432Total $ 857 $ 30$ 14$ 901Operating margin18.9 % 19.9 % Income tax expense $ (208) $ (7)$ 1$ (214)Effective tax rate24.6 % 24.0 % Income from continuing operations $ 638 $ 23$ 15$ 676Diluted earnings per share from continuing operations $ 2.14 $ 0.08$ 0.05$ 2.27(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.(2) See description of non-GAAP financial measures. TE CONNECTIVITY PLCRECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Quarter Ended June 28, 2024(UNAUDITED) Adjustments Acquisition-RestructuringRelatedand OtherAdjusted U.S. GAAP Charges (1)Charges, Net (1)(Non-GAAP) (2) ($ in millions, except per share data)Operating income:Transportation Solutions $ 506 $ —$ (8)$ 498Industrial Solutions2495 14 268Total $ 755 $ 5$ 6$ 766Operating margin19.0 % 19.3 % Income tax expense $ (181) $ —$ 4$ (177)Effective tax rate24.0 % 23.1 % Income from continuing operations $ 573 $ 5$ 10$ 588Diluted earnings per share from continuing operations $ 1.86 $ 0.02$ 0.03$ 1.91(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.(2) See description of non-GAAP financial measures. TE CONNECTIVITY PLCRECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Nine Months Ended June 27, 2025(UNAUDITED) Adjustments Acquisition-RestructuringRelatedand OtherAdjusted U.S. GAAP Charges (1)Charges, Net (1)Tax Items (2)(Non-GAAP) (3) ($ in millions, except per share data)Operating income: Transportation Solutions $ 1,353 $ —$ 72$ —$ 1,425Industrial Solutions94247 37 — 1,026Total $ 2,295 $ 47$ 109$ —$ 2,451 Operating margin18.3 %19.6 %Income tax expense $ (1,128) $ (10)$ (19)$ 587$ (570) Effective tax rate48.9 %23.1 %Income from continuing operations $ 1,179 $ 37$ 90$ 587$ 1,893 Diluted earnings per share from continuing operations $ 3.93 $ 0.12$ 0.30$ 1.96$ 6.31 (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.(2) Includes income tax expense of $574 million related to a net increase in the valuation allowance for certain deferred tax assets associated with a ten-year tax credit obtained by a Swiss subsidiary in fiscal 2024 as well as income tax expense of $13 million related to the revaluation of deferred tax assets as a result of a decrease in the corporate tax rate in a non-U.S. jurisdiction.(3) See description of non-GAAP financial measures. TE CONNECTIVITY PLCRECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Nine Months Ended June 28, 2024(UNAUDITED) Adjustments Acquisition-RestructuringRelatedand OtherAdjusted U.S. GAAP Charges (1)Charges, Net (1)Tax Items (2)(Non-GAAP) (3) ($ in millions, except per share data)Operating income: Transportation Solutions $ 1,470 $ —$ 25$ 3$ 1,498Industrial Solutions67516 42 1 734Total $ 2,145 $ 16$ 67$ 4$ 2,232 Operating margin18.2 %19.0 %Income tax (expense) benefit $ 778 $ (2)$ (7)$ (1,254)$ (485) Effective tax rate(36.4) %21.8 %Income from continuing operations $ 2,918 $ 14$ 60$ (1,250)$ 1,742 Diluted earnings per share from continuing operations $ 9.41 $ 0.05$ 0.19$ (4.03)$ 5.62 (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.(2) Includes an $874 million net income tax benefit associated with a ten-year tax credit obtained by a Swiss subsidiary and a $262 million income tax benefit related to the revaluation of deferred tax assets as a result of a corporate tax rate increase in Switzerland. Also includes a $118 million income tax benefit associated with the tax impacts of a legal entity restructuring with related costs of $4 million recorded in selling, general, and administrative expenses for other non-income taxes.(3) See description of non-GAAP financial measures. TE CONNECTIVITY PLCRECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Quarter Ended September 27, 2024(UNAUDITED) Adjustments Acquisition-RestructuringRelatedand OtherAdjusted U.S. GAAP Charges (1)Charges, Net (1)Tax Items (2)(Non-GAAP) (3) ($ in millions, except per share data)Operating income: Transportation Solutions $ 410 $ —$ 42$ —$ 452Industrial Solutions2415 57 — 303Total $ 651 $ 5$ 99$ —$ 755 Operating margin16.0 %18.6 %Income tax expense $ (381) $ (1)$ (22)$ 238$ (166) Effective tax rate58.0 %21.8 %Income from continuing operations $ 276 $ 4$ 77$ 238$ 595 Diluted earnings per share from continuing operations $ 0.90 $ 0.01$ 0.25$ 0.78$ 1.95 (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.(2) Represents income tax expense related to an increase in the valuation allowance for deferred tax assets of a Swiss subsidiary.(3) See description of non-GAAP financial measures. TE CONNECTIVITY PLCRECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Year Ended September 27, 2024(UNAUDITED) Adjustments Acquisition-RestructuringRelatedand OtherAdjusted U.S. GAAP Charges (1)Charges, Net (1)Tax Items (2)(Non-GAAP) (3) ($ in millions, except per share data)Operating income: Transportation Solutions $ 1,880 $ —$ 67$ 3$ 1,950Industrial Solutions91621 99 1 1,037Total $ 2,796 $ 21$ 166$ 4$ 2,987 Operating margin17.6 %18.9 %Income tax (expense) benefit $ 397 $ (3)$ (29)$ (1,016)$ (651) Effective tax rate(14.2) %21.8 %Income from continuing operations $ 3,194 $ 18$ 137$ (1,012)$ 2,337 Diluted earnings per share from continuing operations $ 10.34 $ 0.06$ 0.44$ (3.28)$ 7.56 (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.(2) Includes a $636 million net income tax benefit associated with a $972 million ten-year tax credit obtained by a Swiss subsidiary reduced by a $336 million valuation allowance related to the amount of the tax credit not expected to be realized. Also includes a $262 million income tax benefit related to the revaluation of deferred tax assets as a result of a corporate tax rate increase in Switzerland and a $118 million income tax benefit associated with the tax impacts of a legal entity restructuring with related costs of $4 million recorded in selling, general, and administrative expenses for other non-income taxes.(3) See description of non-GAAP financial measures. TE CONNECTIVITY PLCRECONCILIATION OF FORWARD-LOOKING NON-GAAP FINANCIAL MEASURESTO FORWARD-LOOKING GAAP FINANCIAL MEASURESAs of July 23, 2025(UNAUDITED)Outlook for Quarter Ending September 26, 2025Diluted earnings per share from continuing operations $ 2.18Restructuring and other charges, net0.05Acquisition-related charges0.04Adjusted diluted earnings per share from continuing operations (1) $ 2.27Net sales growth11.9 % Translation(2.8)(Acquisitions) divestitures, net(3.6)Organic net sales growth (1)5.5 % (1) See description of non-GAAP financial measures. View original content to download multimedia: SOURCE TE Connectivity plc Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
24 minutes ago
- USA Today
US stock futures higher after trade deals with Japan, Philippines
U.S. stock futures are higher after a rally on trade deals, but some megacap tech companies are due to report quarterly results and could swing sentiment. After the regular session market close, Google-parent Alphabet and electric vehicle giant Tesla will be the first two of the so-called Magnificent Seven to report earnings. Magnificent Seven stocks are megacap tech stocks that have a strong influence on the market. They also include Apple, Microsoft, Nvidia, Meta and Amazon. In 2024, they accounted for about one-third of the S&P 500's total market capitalization. When Tesla and Alphabet report, investors will scour their reports and comments for any signs of weakness in artificial intelligence spending or effects of tariffs to extend the rally begun by trade deals announced by President Donald Trump. The U.S. and Japan agreed to a trade deal that included Japan's investing $550 billion in the U.S. and a 15% tariff on Japanese goods entering the U.S. That includes auto tariffs, which will be lowered to 15% from the current 25%, according to reports. Additionally, Trump said the U.S. struck a trade deal with the Philippines that includes a 19% tariff on goods imported from the southeast Asian country and no tariffs on U.S. goods entering the Phillippines. The two countries will also work togther militarily, he said. Final talks with Indonesia on its trade deal are also underway, the White House said. The framework includes will no tariffs on U.S. goods, while Indonesian goods entering the U.S. will be taxed at 19%. At 6 a.m. ET, futures tied to the blue-chip Dow rose 0.50%, while broad S&P 500 futures gained 0.39% and tech-heavy Nasdaq futures added 0.18%. Before the market opens, toy maker Hasbro, AT&T, Boston Scientific and Hilton are among the companies expected to report earnings. Corporate news Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
The Hill
24 minutes ago
- The Hill
Trump backs off on Powell threats — for now
President Trump has backed off of his threats to fire Federal Reserve Chair Jerome Powell — for now. The president appeared to reach a breaking point with Powell last week when he told Republican lawmakers he would likely be nixing the Fed chair soon. But he has since backed off, while officials and outside voices have warned about such a move's impacts to the markets. Much like he does with his tariff threats — which has created the concept of the Wall Street TACO trade, an acronym that stands for 'Trump Always Chickens Out'— he floated the idea of forcing Powell out, and then pulled back. 'This is kind of like after the 'liberation day' … when there was a critical moment for the impact of capital markets, the stock market, the bond market, [Treasury Secretary] Scott Bessent saying to the president, 'Hey, we got to get a hold of this.' I think that Jerome Powell thing is the same,' a source close to the White House said. Trump indicated to Republicans during a meeting in the Oval Office that he plans to fire Powell, a senior White House official told The Hill, and markets quickly dipped, with the S&P 500 falling into the red. He said later that day it is 'highly unlikely,' but he doesn't 'rule out anything.' Some experts have since warned not to jump in on the Fed chair while legal scholars don't believe Trump has the authority to even oust Powell unilaterally. 'The Fed independence is what gives America its position as the No. 1 place to invest on Earth. So, it would be very, very difficult to have presidents firing Feds. That would not be taken well by the markets, and I think Trump knows that,' investor Kevin O'Leary said in an interview on Fox News's 'America Reports.' Former Treasury Secretary Lawrence Summers warned about the future of the Fed and what precedence Trump could set with continued pressure on Powell. 'The idea that allowing himself to be forced out would somehow make Jay Powell be serving the interests of the independence of the @federalreserve is, I think, very wrong,' Summer wrote on the social platform X. 'If the Fed chair became a rubber stamp subject to presidential diktat, I think we would have lost the independence of the Federal Reserve on monetary policy.' The president said Tuesday he doesn't think Powell should resign before his term is up in May but bashed him for not lowering interest rates amid uncertainly over what impact his tariff policy will have on the economy. 'I think he's doing a bad job, but he's going to be out soon anyway. In eight months, he'll be out,' the president said. Bessent on Tuesday morning also expressed his support for Powell making his own decision on his role. 'There's nothing that tells me that he should step down right now,' Bessent said on Fox Business's 'Morning with Maria.' 'His term ends in May. If he wants to see that through, I think he should. If he wants to leave early, I think he should.' Former Federal Reserve chairs Ben Bernanke and Janet Yellen also publicly condemned Trump's pressure campaign against Powell, warning in a Monday op-ed in The New York Times that it could fuel inflation. But, Trump has been pressuring Powell for months to raise interest rates, berating him on Truth Social, when talking to reporters and in speeches on various topics. 'The market was not able to brush the Powell-firing news off because it was believable Trump would,' analysts at LH Meyer Monetary Policy Analytics wrote in a Monday research note. 'In fact, it might have given the wrong impression that actually firing Powell would not be catastrophic. The market was thrown off balance, but not in turmoil. Inflation expectations ticked up some. So the fear of a market meltdown might not be there to deter,' they continued. 'Still, firing any Fed governor would simply cause a twist steepening, exacerbating not helping debt service expense.' The president has urged the Fed to cut rates by amounts only seen during economic crises, even with unemployment close to record lows, while few, if any, economists outside the administration have supported Trump's call. 'That's why I call him too late. T-o-o, too late,' Trump said Tuesday. 'And it's really too bad. But it is affecting people that want to buy houses and that shouldn't happen.' A longtime lobbyist said Trump's ongoing threats on Powell, while backing off of firing him, are a combination of 'testing the waters to see how bad the backlash would be, his strong desire to get rates lowered [and] him working the refs — hoping to bully Powell and future chairs.' Rep. Jim Himes (D-Conn.) said Sunday that a White House insider is warning Trump of a 'massive market reaction' if he fired Powell. And, The Wall Street Journal reported that Bessent personally sought to talk Trump out of trying to fire Powell, although the president slammed the report. Trump said 'nobody had to explain' to him that firing Powell would be bad for markets. 'If it weren't for me, the Market wouldn't be at Record Highs right now, it probably would have CRASHED! So, get your information CORRECT. People don't explain to me, I explain to them!' the president wrote on Truth Social. The source close to the White House said Trump has taken note that Wall Street has been shaken by his threats on Powell. 'A lot of Wall Street types were very concerned about this, and I think that's something that resonates for the president and piques his interest,' the source said. 'Common sense and cooler heads are prevailing. I don't think that's going to stop the president from trying to use Jerome Powell as a foil for whatever the topic change of the day is. He uses these fights in order to change subjects quite often, and I think that's what you probably see,' the source added. The stock market has rallied in the days since Trump backed off on Powell, with the S&P 500 index hitting another record close Tuesday. The Dow Jones Industrial Average was up 0.4 percent by the closing bell, while the Nasdaq composite fell 0.4 percent and closed with a loss for the first time in seven trading days.
