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) has successfully completed the acquisition of MTS Systems Corporation. With this acquisition, MTS's common stock will no longer trade on NASDAQ. Amphenol anticipates that MTS Sensors will contribute approximately $350 million in sales and be $0.05 accretive to earnings per share within 12 months, excluding acquisition-related costs. Additionally, Amphenol plans to sell the MTS Test & Simulation business to Illinois Tool Works Inc. for $750 million, pending regulatory approvals.
MTS Systems Corporation (Nasdaq: MTSC) announced that its shareholders approved the merger with Amphenol Corporation (NYSE: APH) during a special meeting on March 4, 2021. This merger will turn MTS into a wholly-owned subsidiary of Amphenol. The completion of the merger is contingent upon satisfying customary closing conditions, including regulatory approvals. Following the shareholder approval, final voting results will be reported to the SEC. J.P. Morgan Securities LLC and Evercore are MTS' financial advisors, with Sidley Austin LLP providing legal counsel.
Amphenol Corporation (NYSE: APH) announced a dividend of $0.29 per share for Q1 2021, approved by its Board of Directors on February 3, 2021. The dividend will be distributed on April 14, 2021, to shareholders recorded by March 23, 2021. As a leading global manufacturer of interconnect systems, Amphenol operates across diverse industries, showcasing its significant role in the automotive, aerospace, and communications sectors.
Amphenol Corporation (NYSE: APH) reported strong fourth quarter 2020 results, achieving record sales and Adjusted Diluted EPS that exceeded expectations, despite challenges from COVID-19. Sales rose 13%, driven by growth in mobile devices, industrial, and automotive markets. The company completed $641 million in share repurchases and distributed $298 million in dividends for 2020. Exciting acquisitions, including MTS Systems and Positronic, aim to expand product offerings. A 2-for-1 stock split is set for March 4, 2021. However, guidance for full-year 2021 remains undetermined due to ongoing uncertainties.
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.