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.

Amphenol Corporation reported strong fourth quarter 2022 results with sales of $3.239 billion, a 7% increase year-over-year. GAAP EPS rose 14% to $0.82, while Adjusted EPS increased 11% to $0.78. For the full year, sales hit a record $12.623 billion, growing 16%, driven by robust performances across various sectors. The company announced the acquisition of CMR and plans to acquire RFS's cable and antenna businesses. Despite economic uncertainties, Amphenol expects first quarter 2023 sales between $2.840 billion and $2.900 billion, reflecting a potential 2% to 4% decline compared to the previous year.

Amphenol Corporation (NYSE: APH) has appointed Dr. Prahlad Singh to its board of directors, expanding the board to 10 members. Dr. Singh, who is currently the President and CEO of PerkinElmer (NYSE: PKI), boasts over 25 years of global leadership experience in the healthcare and technology sectors. His background includes senior roles in major companies such as GE Healthcare and Philips Healthcare. The board views his extensive expertise in technology and mergers as valuable for Amphenol's growth strategy.

Amphenol Corporation (NYSE: APH) reported record sales of $3.295 billion for Q3 2022, marking a 17% increase year-over-year. The company achieved a GAAP EPS of $0.80, up 19%, with an Adjusted Operating Margin of 21.0%. Amphenol announced a 5% increase in its quarterly dividend to $0.21, payable January 11, 2023. The acquisition of Integrated Cable Assembly Holdings, Inc. was completed, enhancing the company’s offerings in the industrial market. For Q4 2022, projected sales are $3.090 billion to $3.150 billion, anticipating continued growth despite economic challenges.