TE Connectivity (TEL) reported strong financial results for the second quarter of fiscal 2024, driven by significant margin expansion and record cash flow generation. Net sales were in line with guidance, down 5% year-over-year and 3% organically, but grew 4% sequentially on a reported basis and 3% organically. GAAP diluted earnings per share from continuing operations exceeded guidance, reaching $1.86, an increase of 13% year-over-year. Orders were up 6% sequentially, with growth in all segments. Operating margins were 17.4%, and adjusted operating margins were 18.5%, up 250 basis points year-over-year, driven by strong operational performance. The company generated record cash flow in the first half of the fiscal year, with cash from operating activities up 18% year-over-year and free cash flow up 32% year-over-year. TE Connectivity deployed over $1.5 billion of capital year-to-date, with approximately $1.2 billion returned to shareholders and approximately $350 million used for the bolt-on acquisition of Schaffner. The company also issued its Connecting Our World report, highlighting a 72% reduction in Scope 1 and 2 greenhouse gas emissions over the past three years and set Scope 3 reduction targets validated by the Science Based Targets initiative.