Welcome to our dedicated page for Amphenol news (Ticker: APH), a resource for investors and traders seeking the latest updates and insights on Amphenol stock.
Amphenol Corporation reports developments in its global business designing, manufacturing and marketing electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and coaxial, high-speed, fiber optic and specialty cable. Company updates commonly cover demand across automotive, commercial aerospace, communications networks, defense, industrial, information technology and data communications, and mobile device markets.
Recurring APH news also includes operating results, order trends, completed acquisitions, dividends, share repurchases, capital-structure actions and board governance matters. Amphenol sells through its global sales force, independent representatives and electronics distributors, with manufacturing and assembly operations in approximately 40 countries.
Amphenol Corporation (NYSE: APH) is set to sell MTS Systems Corporation’s Test & Simulation business to Illinois Tool Works Inc. (NYSE: ITW) after finalizing its acquisition of MTS. ITW's acquisition aligns with its strategy to enhance its Test & Measurement and Electronics sectors, expanding into attractive industry verticals. The transaction is expected to close following regulatory approvals after Amphenol's acquisition of MTS. Financial advisors for the deal include Centerview Partners for Amphenol and Goldman Sachs for ITW, though transaction terms remain undisclosed.
Amphenol Corporation (NYSE: APH) has announced its acquisition of MTS Systems Corporation (Nasdaq: MTSC) for $58.50 per share, totaling approximately $1.7 billion, inclusive of debt. This strategic acquisition aims to enhance Amphenol's sensor and sensor-based product portfolio across various industries. Expected to be accretive to Amphenol's earnings by $0.10 and $0.06 from MTS’s Sensors and Test & Simulation segments respectively in the first year, the deal has already garnered board approval and is projected to close by mid-2021, pending regulatory and shareholder approvals.
Amphenol Corporation (NYSE: APH) reported record GAAP diluted EPS of $1.12 for Q3 2020, up from $0.92 in Q3 2019. Sales rose to $2.323 billion, an 11% increase year-over-year. Adjusted diluted EPS reached $1.09, reflecting strong performance despite COVID-19 disruptions. For 2020, the company expects sales between $8.333 billion and $8.373 billion. A 16% dividend increase was approved, raising the quarterly payout from $0.25 to $0.29 per share, payable on January 6, 2021. Operating cash flow stood at $398 million, underscoring strong earnings quality.