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Amphenol (APH)
NYSE:APH
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Earnings Data
Report Date
Jan 22, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.5Last Year’s EPS
$0.41Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 5.81%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Positive
The earnings call was overall positive, highlighting record-breaking sales, strong growth in key segments like IT datacom, and successful acquisition activities. However, there were challenges noted in the broadband market and some European segments.Company Guidance
In the third quarter of 2024, Amphenol Corporation achieved record sales of $4.039 billion, an increase of 26% in both U.S. dollars and local currencies, and 15% organically compared to the previous year. The company also reported record GAAP and adjusted diluted EPS of $0.48 and $0.50, respectively. Orders reached a record $4.412 billion, reflecting a robust book-to-bill ratio of 1.09:1. Amphenol's GAAP operating income was $819 million, with an operating margin of 20.3%, while adjusted operating income was $883 million, resulting in a record adjusted operating margin of 21.9%. The company's GAAP effective tax rate was 21.4%, and the adjusted tax rate was 24%. Operating cash flow was $704 million, with free cash flow at $476 million. For the fourth quarter, the company anticipates sales between $3.950 billion to $4.050 billion and adjusted EPS in the range of $0.48 to $0.50, indicating full-year sales of $14.855 billion to $14.955 billion and adjusted EPS growth of 21% to 22%.Record Sales and Earnings
Amphenol Corporation reported record sales of $4.039 billion and record GAAP and adjusted diluted EPS of $0.48 and $0.50, respectively, for Q3 2024. Sales increased by 26% in U.S. dollars and in local currencies compared to Q3 2023.
Strong Book-to-Bill Ratio
Orders reached a record $4.412 billion, resulting in a strong book-to-bill ratio of 1.09:1, driven by continued strength in the IT datacom market.
Operating Margin Improvement
The company achieved a record adjusted operating margin of 21.9% in Q3 2024, a 110-basis-point increase from the prior year.
Robust Segment Growth
Significant growth in the Communications Solutions segment with sales up 32% in U.S. dollars and 30% organically, and a segment operating margin of 25.6%.
Successful Acquisitions
Completion of the acquisition of Lutze Europe and expected closure of the Andrew businesses from CommScope in Q1 2025, strengthening Amphenol's product offerings.
Strong IT Datacom Market Performance
IT datacom sales grew by 60% in U.S. dollars and 59% organically, driven by demand for products used in AI applications.
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APH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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APH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $66.70 | $68.32 | +2.43% |
| Jul 24, 2024 | $65.94 | $61.69 | -6.45% |
| Apr 24, 2024 | $56.76 | $57.78 | +1.80% |
| Jan 24, 2024 | $48.56 | $49.91 | +2.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Amphenol (APH) report earnings?
Amphenol (APH) is schdueled to report earning on Jan 22, 2025, Before Open Not Confirmed.
What is Amphenol (APH) earnings time?
Amphenol (APH) earnings time is at Jan 22, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APH EPS forecast?
APH EPS forecast for the fiscal quarter 2024 (Q4) is $0.5.
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