Amphenol Q1 2022 Earnings Report
Key Takeaways
Amphenol reported a strong first quarter in 2022, with sales increasing by 24% and adjusted diluted EPS growing by 29% compared to the first quarter of 2021. The company's performance was supported by robust growth across all end markets and contributions from its acquisition program, despite facing inflationary pressures and supply chain disruptions.
Sales increased by 24% to $2.952 billion, with organic sales up 17% compared to Q1 2021.
GAAP diluted EPS increased by 28% to $0.68 compared to the prior year.
Adjusted Diluted EPS increased by 29% to $0.67 compared to the prior year.
Operating margin was 20.0%.
Amphenol
Amphenol
Forward Guidance
For the second quarter of 2022, Amphenol expects sales to be in the range of $2.890 billion to $2.950 billion, representing 9% to 11% growth over the second quarter of 2021. Adjusted Diluted EPS is expected to be in the range of $0.66 to $0.68, representing 8% to 11% growth over the second quarter of 2021.
Positive Outlook
- Sales are expected to be in the range of $2.890 billion to $2.950 billion, representing 9% to 11% growth over the second quarter of 2021.
- Adjusted Diluted EPS is expected to be in the range of $0.66 to $0.68.
- Adjusted Diluted EPS represents 8% to 11% growth over the second quarter of 2021.
- Company's ongoing drive to leverage competitive advantages.
- Company's initiatives to expand product offerings.
Challenges Ahead
- The current market environment remains highly uncertain.
- Continued supply chain challenges are expected.
- Inflationary challenges are expected.
- Ongoing disruptions associated with the COVID-19 pandemic are expected.
- Guidance assumes conditions do not meaningfully worsen and assumes constant exchange rates.