- Amphenol’s adjusted earnings per share (EPS) for the third quarter surpassed expectations, coming in at 50 cents compared to the estimated 45 cents.
- Reported EPS was 48 cents, slightly beating the forecasted 46 cents.
- Net sales reached $4.04 billion, exceeding the projected $3.81 billion.
- Harsh Environment Solutions segment reported net sales of $1.19 billion, surpassing the estimate of $1.12 billion.
- Interconnect and Sensor Systems segment’s net sales totaled $1.16 billion, slightly higher than the $1.15 billion expectation.
- Communications Solutions segment achieved net sales of $1.69 billion, beating the anticipated $1.54 billion.
- Adjusted operating income stood at $883.1 million, significantly higher than the estimated $800.3 million.
- Adjusted net income was $632.8 million, exceeding the prediction of $573.3 million.
- For the full year 2024, Amphenol projects sales between $14.85 billion and $14.95 billion, marking an 18% to 19% increase from the previous year.
- Adjusted Diluted EPS for the year is expected to be between $1.82 and $1.84, indicating a 21% to 22% increase over last year.
- The company noted a 26% year-on-year sales increase, driven by strong organic growth in key markets and contributions from its acquisition strategy.
- Current analyst recommendations for Amphenol include 11 buys, 8 holds, and 1 sell.
Amphenol Corp Cl A on Smartkarma
Analysts at Baptista Research have been actively covering Amphenol Corp Cl A on Smartkarma, an independent investment research network. In their research report titled “Amphenol Corporation: How Is Their Expansion in Mobile Networks Technology Panning Out? – Major Drivers,” Baptista Research highlighted a significant sales increase for Amphenol Corporation, reaching a record $3.61 billion. The report emphasized an 11% organic growth and strong demand from various segments like IT datacom customers focusing on AI, defense, and commercial air sectors, indicating robust performance in the market domains.
In another report titled “Amphenol Corporation: Increasing Penetration In The AI Data Centers Pushing Their Growth! – Major Drivers,” Baptista Research discussed both positive and negative aspects of Amphenol Corporation’s Q1 2024 results. The company closed the quarter with sales of $3.256 billion and an adjusted diluted EPS of $0.80. The report noted a sales increase of 9% in U.S. dollars, 10% in local currencies, and 6% organically compared to the first quarter of 2023, suggesting a mixed financial health picture for the company.
A look at Amphenol Corp Cl A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Amphenol Corp Cl A, a company specializing in electrical and electronic connectors, displays a promising long-term outlook based on Smartkarma Smart Scores. With a strong focus on growth, resilience, and momentum, the company is positioned well for future expansion and sustainability. The company’s products find applications in diverse industries like telecommunications, cable TV, and aerospace, showcasing its versatility and market presence. Despite moderate scores in value and dividend factors, the higher ratings in growth and momentum highlight the company’s potential for continued success in the future.
Amphenol Corporation’s innovative designs and wide range of products in connectors, interconnect systems, and cables position it as a key player in the industry. With a balanced mix of products catering to various sectors such as wireless communications and aerospace electronics, the company demonstrates adaptability and strength in the market. The combination of resilience against challenges and steady momentum towards opportunities suggests a positive outlook for Amphenol Corp Cl A in the long term, making it an intriguing prospect for investors seeking growth and stability in the technology sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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