Amphenol reports Q4 adjusted EPS 82c, consensus 77c

Reports Q4 revenue $3.33B, consensus $3.15B. “We are pleased to have closed 2023 with fourth quarter sales and Adjusted Diluted EPS both exceeding the high end of our guidance,” said Amphenol president and CEO, R. Adam Norwitt. “Sales increased from prior year by 3%, driven by growth in the commercial air, defense, automotive and IT datacom markets, as well as contributions from the Company’s acquisition program. For the full year, sales were down slightly compared to 2022, with growth in the commercial air, defense and automotive markets as well as contributions from the Company’s acquisition program, offset by moderations in the mobile networks, IT datacom, mobile devices and broadband markets. Despite the moderating demand in the communications-related markets during 2023, we again realized strong profitability with Adjusted Operating Margin of 21.2% and 20.7% in the fourth quarter and full year, respectively. Given the market environment, we are very proud of the Company’s outstanding performance in 2023.”