SCHAFFHAUSEN, Switzerland — TE Connectivity Ltd. (NYSE: TEL) today reported fiscal fourth quarter and full year results ended Sept. 30, 2011. The company reported net sales of $3.9 billion during the fourth quarter, up 25 percent versus the prior year.
Annual sales were $14.3 billion, up 19 percent versus the prior year. Strong annual and quarterly sales results were driven by the Transportation and Network Solutions segments. Earnings Per Share from Continuing Operations (GAAP EPS) were $0.75 for the quarter and adjusted EPS were $0.89. Full year GAAP EPS were $2.82 and adjusted EPS were $3.12. Fiscal 2011 and fourth quarter results include an additional week. Excluding the impact of this additional week, fourth quarter adjusted EPS were $0.81 and full year adjusted EPS were $3.03, up 13 percent and 19 percent versus the prior year, respectively. Free cash flow was $560 million for the quarter and $1.4 billion for the year.