Welcome to our dedicated page for Amphenol Corporation news (Ticker: APH), a resource for investors and traders seeking the latest updates and insights on Amphenol Corporation stock.
Amphenol Corporation (NYSE: APH) is a global industry leader in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors, as well as interconnect systems, antennas, sensors, and sensor-based products. Founded in 1932 and headquartered in Wallingford, Connecticut, Amphenol is a Fortune 500 company with over 80,000 employees across 40 countries.
Amphenol products are embedded in a multitude of electronic devices used daily, from mobile phones and automobiles to network equipment and aerospace applications. With operations spanning diverse end markets such as automotive, broadband communications, commercial aerospace, defense, industrial, IT and data communications, mobile devices, and mobile networks, Amphenol holds the second-largest connector market share globally.
In 2023, Amphenol reported record sales of $12.55 billion, and achieved a GAAP Diluted EPS of $3.11, reflecting a 2% increase over the prior year. The company also achieved a record Adjusted Diluted EPS of $3.01. The fourth quarter of 2023 saw record sales of $3.33 billion, a 3% increase year-over-year, with a GAAP Diluted EPS of $0.83. Amphenol's impressive financial performance is complemented by strategic acquisitions, such as TPC Wire & Cable, Airmar Technology Corporation, LID Technologies, and PCTEL, Inc., enhancing its product offerings and market reach.
Looking ahead, Amphenol anticipates first quarter 2024 sales between $3.04 billion and $3.10 billion, with an Adjusted Diluted EPS range of $0.71 to $0.73. Despite global market challenges, Amphenol remains committed to expanding its portfolio of enabling technologies and maintaining its competitive edge through innovation and strategic acquisitions.
In April 2024, Amphenol announced a new three-year, $2 billion stock repurchase program, reflecting its ongoing commitment to returning capital to shareholders. The company's strong financial health, evidenced by $2.53 billion in operating cash flow and $2.16 billion in free cash flow for 2023, supports these initiatives.
Additionally, Amphenol's recent acquisition of Carlisle Interconnect Technologies (CIT) is expected to be accretive to earnings per share in 2024. This acquisition bolsters Amphenol's capabilities in harsh environment interconnect solutions, further strengthening its market position in commercial air, defense, and industrial sectors.
Amphenol's strategic focus on market and geographic diversification, coupled with its robust acquisition strategy, positions it well for sustained growth and long-term shareholder value creation.
Carlisle Companies (NYSE: CSL) has announced the completion of the sale of Carlisle Interconnect Technologies (CIT) to Amphenol (NYSE: APH). Carlisle is known for its innovative building products and solutions aimed at energy efficiency. The company operates through its main divisions, Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT). Carlisle emphasizes shareholder returns through balanced capital deployment, strategic acquisitions, share repurchases, and dividend increases. Additionally, the company aims to achieve net-zero greenhouse gas emissions by 2050.
Amphenol (NYSE: APH) has announced a two-for-one stock split authorized by its Board of Directors.
This stock split will be executed as a stock dividend, with shareholders receiving one additional share for each share held as of the close of business on May 31, 2024.
The distribution of the additional shares is expected to occur on June 11, 2024.
Amphenol (NYSE: APH) declared a second quarter 2024 dividend of $0.22 per share, approved by the Board of Directors on May 1, 2024. The dividend will be paid on July 10, 2024, to shareholders of record as of June 18, 2024.
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