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Amphenol Corporation - APH STOCK NEWS

Welcome to our dedicated page for Amphenol Corporation news (Ticker: APH), a resource for investors and traders seeking the latest updates and insights on Amphenol Corporation stock.

Amphenol Corporation (NYSE: APH) is a global industry leader in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors, as well as interconnect systems, antennas, sensors, and sensor-based products. Founded in 1932 and headquartered in Wallingford, Connecticut, Amphenol is a Fortune 500 company with over 80,000 employees across 40 countries.

Amphenol products are embedded in a multitude of electronic devices used daily, from mobile phones and automobiles to network equipment and aerospace applications. With operations spanning diverse end markets such as automotive, broadband communications, commercial aerospace, defense, industrial, IT and data communications, mobile devices, and mobile networks, Amphenol holds the second-largest connector market share globally.

In 2023, Amphenol reported record sales of $12.55 billion, and achieved a GAAP Diluted EPS of $3.11, reflecting a 2% increase over the prior year. The company also achieved a record Adjusted Diluted EPS of $3.01. The fourth quarter of 2023 saw record sales of $3.33 billion, a 3% increase year-over-year, with a GAAP Diluted EPS of $0.83. Amphenol's impressive financial performance is complemented by strategic acquisitions, such as TPC Wire & Cable, Airmar Technology Corporation, LID Technologies, and PCTEL, Inc., enhancing its product offerings and market reach.

Looking ahead, Amphenol anticipates first quarter 2024 sales between $3.04 billion and $3.10 billion, with an Adjusted Diluted EPS range of $0.71 to $0.73. Despite global market challenges, Amphenol remains committed to expanding its portfolio of enabling technologies and maintaining its competitive edge through innovation and strategic acquisitions.

In April 2024, Amphenol announced a new three-year, $2 billion stock repurchase program, reflecting its ongoing commitment to returning capital to shareholders. The company's strong financial health, evidenced by $2.53 billion in operating cash flow and $2.16 billion in free cash flow for 2023, supports these initiatives.

Additionally, Amphenol's recent acquisition of Carlisle Interconnect Technologies (CIT) is expected to be accretive to earnings per share in 2024. This acquisition bolsters Amphenol's capabilities in harsh environment interconnect solutions, further strengthening its market position in commercial air, defense, and industrial sectors.

Amphenol's strategic focus on market and geographic diversification, coupled with its robust acquisition strategy, positions it well for sustained growth and long-term shareholder value creation.

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Amphenol (NYSE: APH) reported record second quarter 2024 results, with sales reaching $3.61 billion, up 18% from Q2 2023. The company achieved record Adjusted Diluted EPS of $0.44, a 22% increase year-over-year. Amphenol announced a 50% increase in quarterly dividend to $0.165 per share. The company completed the acquisition of CIT and signed deals to acquire Lutze and CommScope's mobile networks-related businesses. For Q3 2024, Amphenol expects sales between $3.70-$3.80 billion and Adjusted Diluted EPS of $0.43-$0.45. The company also implemented a 2-for-1 stock split in June 2024.

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Amphenol (NYSE: APH) has announced a definitive agreement to acquire CommScope's mobile networks businesses for $2.1 billion in cash. The acquisition includes CommScope's Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business. These businesses are expected to generate approximately $1.2 billion in sales with 25% EBITDA margins in 2024. The deal is anticipated to be accretive to Amphenol's Diluted EPS in the first full year after closing, excluding acquisition-related costs.

The acquisition will add advanced antenna and associated interconnect products, technologies, and capabilities to Amphenol's portfolio, complementing its existing offerings for next-generation wireless networks. The deal is expected to close in the first half of 2025, subject to regulatory approvals and closing conditions. Amphenol plans to finance the acquisition through a combination of cash on hand and debt.

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CommScope (NASDAQ: COMM) has announced a definitive agreement to sell its Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business unit to Amphenol (NYSE: APH) for approximately $2.1 billion in cash. The transaction is expected to close within the first half of 2025, subject to regulatory approvals and customary closing conditions.

CEO Chuck Treadway stated that this move allows CommScope to increase focus on its CommScope NEXT priorities with its remaining segments and business units. The OWN segment provides wireless infrastructure for mobile networks, while the DAS business offers cellular infrastructure solutions for venues, campuses, and enterprises.

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Amphenol (NYSE: APH) has finalized the acquisition of the Carlisle Interconnect Technologies (CIT) business from Carlisle Companies Incorporated (NYSE: CSL). This acquisition aims to enhance Amphenol's offerings in engineered interconnect solutions for harsh environments, targeting commercial air, defense, and industrial markets. The CIT business is projected to contribute $900 million in sales and a 20% adjusted EBITDA margin for the full year 2024. Additionally, the acquisition is expected to increase Amphenol's 2024 earnings per share by approximately $0.02, excluding acquisition-related costs. This figure will adjust to $0.01 per share following the company's recently announced 2-for-1 stock split.

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Carlisle Companies (NYSE: CSL) has announced the completion of the sale of Carlisle Interconnect Technologies (CIT) to Amphenol (NYSE: APH). Carlisle is known for its innovative building products and solutions aimed at energy efficiency. The company operates through its main divisions, Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT). Carlisle emphasizes shareholder returns through balanced capital deployment, strategic acquisitions, share repurchases, and dividend increases. Additionally, the company aims to achieve net-zero greenhouse gas emissions by 2050.

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Amphenol (NYSE: APH) has announced a two-for-one stock split authorized by its Board of Directors.

This stock split will be executed as a stock dividend, with shareholders receiving one additional share for each share held as of the close of business on May 31, 2024.

The distribution of the additional shares is expected to occur on June 11, 2024.

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Amphenol (NYSE: APH) declared a second quarter 2024 dividend of $0.22 per share, approved by the Board of Directors on May 1, 2024. The dividend will be paid on July 10, 2024, to shareholders of record as of June 18, 2024.

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Amphenol (NYSE: APH) reported strong first quarter 2024 results with sales of $3.26 billion, up 9%, and Adjusted Diluted EPS of $0.80, up 16% compared to the prior year. The company also announced a new three-year, $2 billion stock repurchase program. Sales growth was driven by various markets, acquisitions, and strong profitability with an Adjusted Operating Margin of 21.0%. Amphenol returned $286 million to shareholders through buybacks and dividends in Q1. The company expects sales growth of 6-8% and an increase in Adjusted Diluted EPS of 10-13% for Q2 2024, showcasing confidence in future performance.
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Amphenol (NYSE: APH) released its 2023 Sustainability Report, highlighting advances in energy management, decreased water intensity, and third-party verification of greenhouse gas emissions. The report emphasizes the company's commitment to sustainability and support for a cleaner future.
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Amphenol (NYSE: APH) has announced the pricing of senior notes totaling $1.5 billion, with varying interest rates and maturity dates. The proceeds will be used for the acquisition of Carlisle Interconnect Technologies business, fees, expenses, and general corporate purposes. The offering is subject to special mandatory redemption conditions if the acquisition does not occur. BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, and TD Securities are the joint book-running managers for the offering.
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FAQ

What does Amphenol Corporation specialize in?

Amphenol Corporation specializes in designing, manufacturing, and marketing electrical, electronic, and fiber optic connectors and interconnect systems, antennas, sensors, and sensor-based products.

Where is Amphenol Corporation headquartered?

Amphenol Corporation is headquartered in Wallingford, Connecticut, USA.

What were Amphenol’s financial highlights for 2023?

In 2023, Amphenol reported sales of $12.55 billion and a GAAP Diluted EPS of $3.11. The company achieved record sales of $3.33 billion and a GAAP Diluted EPS of $0.83 in the fourth quarter.

What recent acquisitions has Amphenol made?

In 2023, Amphenol acquired TPC Wire & Cable, Airmar Technology Corporation, LID Technologies, and PCTEL, Inc., enhancing its product offerings and market reach.

What is Amphenol’s outlook for the first quarter of 2024?

For the first quarter of 2024, Amphenol expects sales between $3.04 billion and $3.10 billion, with an Adjusted Diluted EPS range of $0.71 to $0.73.

What is Amphenol’s recent stock repurchase announcement?

In April 2024, Amphenol announced a new three-year, $2 billion stock repurchase program.

What acquisition did Amphenol recently complete?

Amphenol recently completed the acquisition of Carlisle Interconnect Technologies (CIT) from Carlisle Companies Incorporated.

How does Amphenol plan to use the proceeds from its recent senior notes offering?

The proceeds from the senior notes offering will be used to finance the acquisition of Carlisle Interconnect Technologies, with any remaining funds used for general corporate purposes.

What are Amphenol’s strategic goals?

Amphenol focuses on expanding growth opportunities through innovation, market and geographic diversification, and strategic acquisitions to create long-term shareholder value.

What is the impact of Amphenol’s acquisition of Carlisle Interconnect Technologies?

The acquisition enhances Amphenol’s product offerings in harsh environment interconnect solutions and is expected to be accretive to earnings per share in 2024.

Amphenol Corporation

NYSE:APH

APH Rankings

APH Stock Data

74.58B
1.20B
0.53%
96.18%
1.19%
Electronic Connector Manufacturing
Manufacturing
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United States of America
WALLINGFORD