The company invested approximately $2.2 billion to fund two acquisitions in 2024, highlighting the company's commitment to expanding its product lines, technological capabilities, and geographic presence through strategic acquisitions.

The company's strategy to diversify its markets, customers, applications, and products remains a key focus, reducing exposure to any single market and enhancing financial performance stability. This is evident in the wide range of end markets served, including IT datacom, automotive, and aerospace.

The company focuses on technology leadership in interconnect areas such as radio frequency, power, high-speed, and fiber optics, as well as antennas and sensors, indicating a strategic emphasis on developing and delivering high-value, innovative solutions to its customer base.

The alignment of the company's businesses into three divisions, each led by a segment manager reporting directly to the CEO, reinforces the entrepreneurial culture and enables clear accountability, while enhancing the scalability of the company's organization.

The company employs a global manufacturing strategy to provide proximity and reliable service to customers, while also lowering production and logistics costs. This includes maintaining strong cost and quality controls in manufacturing and assembly operations.

The company's product development strategy relies on product design teams working collaboratively with customers, focusing on product areas with the potential for broad market applications and significant sales within a one- to three-year period.

The company's operations and performance are significantly dependent on global, regional, and U.S. economic and geopolitical conditions. Non-U.S. markets constituted approximately 65% of the company's net sales, with China constituting approximately 22%.

Significant changes to U.S. and other countries' trade policies, export control laws, sanctions, legislation, treaties, and tariffs could increase costs in certain markets and make it more difficult to sell products, potentially resulting in declines in sales and operating income.

The company relies on information technology systems and faces numerous and evolving cybersecurity threats. A successful cyberattack could disrupt business operations, compromise data integrity and privacy, and lead to litigation or governmental investigations.

The company competes primarily on the basis of technology innovation, product quality and performance, price, customer service and delivery time. Competitors include large, diversified companies and smaller companies in specific geographies, markets, or products.

The company is dependent on end market dynamics to sell its products, and its operating results could be adversely affected by cyclical and at times rapid periods of reduced demand in any of its end markets.

The company has completed numerous acquisitions and anticipates that it will continue to pursue acquisition opportunities. From time to time, the company experiences difficulty and unanticipated expenses associated with purchasing and integrating acquisitions.

The company employs a global manufacturing strategy to provide proximity and reliable service to customers, while also lowering production and logistics costs. This includes maintaining strong cost and quality controls in manufacturing and assembly operations.

The company uses basic materials and relies on third-party suppliers to secure these materials and components. In the past, prices for these and certain other basic materials have experienced significant volatility.

The Company operates in both the United States and various foreign jurisdictions, and we must comply with locally enacted laws and regulations addressing health, safety and environmental matters in such jurisdictions.

The company's product development strategy is to rely on product design teams at most of our business units around the world working collaboratively with customers, which often results in the company obtaining approved vendor status for its customers' new products and programs.

The company seeks to have its products become widely accepted within the industry for similar applications and products manufactured by other potential customers, which the company believes will provide additional sources of future revenue.

We rely on information technology systems provided by third-party providers and our own information technology systems for critical operations and face numerous and evolving cybersecurity threats and techniques used to disrupt operations and gain unauthorized access to these systems.

While the company currently expects a cash dividend to be paid in the future, future dividend payments remain within the discretion of the board and are dependent on our financial results, liquidity, capital requirements, financial condition, compliance with financial covenants and requirements, and other factors considered relevant by the board.

The 2024 Stock Repurchase Program became effective on April 29, 2024. During the three months and year ended December 31, 2024, the company repurchased 2.4 million and 7.0 million shares of its Common Stock for $168.9 million and $463.7 million, respectively, under the 2024 Stock Repurchase Program.

The Company has used the global capital markets to raise capital to invest in its business and make strategic acquisitions. The capital and credit markets have experienced significant volatility in the past.

The Sustainability Report discusses our approach and progress on the environmental, social and governance (“ESG”) issues most significant to our business, including ESG-related strategies, programs, goals and metrics that demonstrate our commitment to our stakeholders.

From time to time, extreme weather conditions and natural disasters have negatively impacted, and may continue to negatively impact, portions of our operations, as well as the operations of our suppliers, vendors, customers and distributors.

Doing business on a worldwide basis requires us and our subsidiaries to comply with the anti-corruption laws and regulations of the U.S. government and various foreign jurisdictions, and our failure to comply with these rules and regulations may expose us to significant liabilities.

The Company's operations and performance depend significantly on global, regional and U.S. economic and geopolitical conditions. During 2024, non-U.S. markets constituted approximately 65% of the Company's net sales, with China constituting approximately 22% of the Company's net sales.

Certain of our products, including purchased components of such products, are subject to U.S. and non-U.S. export control laws and regulations, and may be exported only with the required export license or through an export license exception.

The Company is dependent on end market dynamics to sell its products, and its operating results could be adversely affected by cyclical and at times rapid periods of reduced demand in any of its end markets.