Amphenol Corp Stock Price, News & Analysis

Amphenol Corporation (NYSE: APH) reported first quarter 2023 results with sales of $2.974 billion, a 1% increase in U.S. dollars compared to the previous year. The GAAP Diluted EPS was $0.71, up 4%, while the Adjusted Diluted EPS reached $0.69, up 3%. Operating and Free Cash Flow were reported at $532 million and $436 million, respectively. Despite challenges in various markets, including IT datacom and mobile devices, Amphenol's diversified portfolio led to an Adjusted Operating Margin of 20.1%. For Q2 2023, the company expects sales between $2.890 billion and $2.950 billion, indicating a projected 6% to 8% decline from the prior year. Adjusted Diluted EPS for this period is anticipated to drop by 9% to 12% compared to last year.

Amphenol Corporation (NYSE: APH) has announced the pricing of its senior notes offering, totaling $350,000,000 with a 4.750% interest rate, maturing in 2026. The closing of this offering is expected on March 30, 2023, pending standard closing conditions. The proceeds will be utilized to repay existing commercial paper borrowings and for general corporate purposes. The offering is underpinned by an effective shelf registration statement with the Securities and Exchange Commission, and a prospectus supplement will be filed detailing the offering's terms.

Amphenol Corporation (NYSE: APH) has declared a dividend of $0.21 per share for the first quarter of 2023. The Board of Directors approved this dividend on February 2, 2023. Shareholders of record as of March 21, 2023 will receive the payment on April 12, 2023. Amphenol is a leading manufacturer and marketer of interconnect systems and cables, serving diverse sectors including automotive, aerospace, and telecommunications.