Amphenol Corp Stock Price, News & Analysis

Amphenol (NYSE: APH) has announced its fourth quarter 2024 dividend payment. The Board of Directors has approved a dividend of $0.165 per share on its Common Stock. The dividend will be paid on January 8, 2025 to shareholders of record as of December 17, 2024.

Amphenol (NYSE: APH) has announced the pricing of its senior notes offering, totaling $1.5 billion across three tranches: $250 million due 2027 at 5.050%, $750 million due 2035 at 5.000%, and $500 million due 2054 at 5.375%. The 2027 Notes are an extension of existing notes issued in April 2024. The offering is expected to close on October 31, 2024. The proceeds will primarily fund the acquisition of CommScope's mobile networks businesses, specifically their Outdoor Wireless Networks and Distributed Antenna Systems divisions. The 2035 and 2054 Notes include a special mandatory redemption clause if the CommScope acquisition fails to complete.

Amphenol (NYSE: APH) reported record third quarter 2024 results with sales of $4.04 billion, up 26% year-over-year and 15% organically. The company achieved record GAAP Diluted EPS of $0.48 (up 17%) and Adjusted Diluted EPS of $0.50 (up 28%). Operating margin reached record levels at 20.3% GAAP and 21.9% adjusted. Growth was driven by robust performance in IT datacom, mobile networks, mobile devices, commercial air, and defense markets. The company returned $308 million to shareholders through share repurchases and dividends. For Q4 2024, Amphenol expects sales of $3.95-4.05 billion and Adjusted EPS of $0.48-0.50.

CommScope reported its Q2 2024 results with consolidated net sales of $1.39 billion, down 12.7% year-over-year. Core net sales decreased 17% to $1.05 billion. The company reported GAAP income from continuing operations of $74.8 million, or $0.27 per share, compared to a loss in Q2 2023. Non-GAAP adjusted EBITDA increased 19.5% to $302.1 million.

The Connectivity and Cable Solutions (CCS) segment showed strength, while Access Network Solutions (ANS) and NICS segments experienced weakness. CommScope has entered an agreement to sell its Outdoor Wireless Networks segment and DAS business unit for approximately $2.1 billion in cash. The company's full-year Core adjusted EBITDA guidance is $700 to $800 million.

CommScope (NASDAQ: COMM) has released preliminary results for Q2 2024, reporting consolidated net sales of $1.39 billion and core net sales of $1.05 billion. The company expects GAAP income from continuing operations of $75 million and consolidated non-GAAP adjusted EBITDA of $302 million. CommScope saw stronger-than-expected performance in its Connectivity and Cable Solutions (CCS) and Outdoor Wireless Networks (OWN) segments, offset by weaker sales in NICS and Access Network Solutions (ANS).

The company recently announced a definitive agreement to sell its OWN segment and DAS business unit to Amphenol for $2.1 billion, expected to close in H1 2025. CommScope plans to engage with lenders and bondholders in Q3 to discuss options for deleveraging its balance sheet and addressing upcoming maturities.

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.

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.

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.

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.