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.
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.
Amphenol Corporation (NYSE: APH) announced a third quarter 2022 dividend of $0.20 per share. The dividend, approved by the Board of Directors on August 3, 2022, will be paid on October 12, 2022 to shareholders of record as of September 20, 2022. This move reflects the company's consistent commitment to returning value to shareholders. Amphenol is a global leader in designing and manufacturing various connector systems and has a diversified presence across high-growth interconnect markets.
Amphenol Corporation reported a record second quarter 2022 with sales of $3.137 billion, an 18% increase compared to the previous year. GAAP diluted EPS rose 29% to $0.76, while Adjusted Diluted EPS increased 23% to $0.75. The operating margin stood at 20.7%, with operating cash flow at $543 million. Amphenol returned $305 million to shareholders through dividends and buybacks, and acquired NPI Solutions, Inc., enhancing its industrial capabilities. For Q3 2022, sales are projected between $3.040 billion and $3.100 billion, indicating 8%-10% growth.
Amphenol Corporation (NYSE: APH) has declared a quarterly dividend of $0.20 per share on its Common Stock. The announcement was made during a Board of Directors meeting on May 3, 2022. This dividend will be distributed on July 13, 2022 to shareholders recorded as of June 21, 2022. Amphenol is a leading global manufacturer of electrical and electronic connectors, antennas, and cable systems, with a diversified presence across various markets including Automotive, Broadband Communications, and Military.
Amphenol Corporation (NYSE: APH) reported strong first quarter 2022 results, with sales of $2.952 billion, a 24% increase year-over-year. GAAP diluted EPS rose by 28% to $0.68, while adjusted diluted EPS surged 29% to $0.67. The operating margin was reported at 20.0%, with operating cash flow at $351 million and free cash flow reaching $274 million. The company returned over $320 million to shareholders via dividends and buybacks. Despite inflation and supply chain disruptions, Amphenol remains optimistic about future growth, projecting sales for Q2 2022 between $2.890 billion and $2.950 billion.
Amphenol Corporation (NYSE: APH) announced a dividend of $0.20 per share for the first quarter of 2022, approved by its Board of Directors on February 2, 2022. This dividend will be paid on April 13, 2022 to shareholders who are on record as of March 22, 2022. Amphenol is a leading designer and manufacturer of various electronic systems and connectors, serving a diverse global market across multiple growth sectors including Automotive and Broadband Communications.
Amphenol Corporation reported record financial results for Q4 and the full year 2021. Q4 sales reached $3.027 billion, up 25% year-over-year, with a GAAP diluted EPS of $0.72. Full year sales hit $10.876 billion, a 26% increase, with GAAP diluted EPS of $2.51. The company executed seven acquisitions in 2021 and returned over $1 billion to shareholders. Looking ahead, Q1 2022 sales are expected between $2.690 billion and $2.750 billion, reflecting a 13% to 16% growth forecast.
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