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Jun 30, 2021

Amphenol Q2 2021 Earnings Report

Amphenol's Q2 2021 results were announced, featuring record sales and adjusted diluted EPS that surpassed the high end of guidance, driven by growth in automotive, industrial, military, and broadband markets, along with contributions from acquisitions.

Key Takeaways

Amphenol reported record second-quarter results, with sales increasing by 34% and adjusted diluted EPS exceeding expectations. Growth was primarily driven by the automotive, industrial, military, and broadband markets, as well as contributions from the company's acquisition program.

Record sales of $2.654 billion, up 34% in U.S. dollars and 22% organically compared to Q2 2020

GAAP diluted EPS of $0.59, up 40% compared to the prior year period

Record Adjusted Diluted EPS of $0.61, up 53% compared to the prior year period

Operating and Free Cash Flow of $411 million and $307 million, respectively

Total Revenue
$2.65B
Previous year: $1.99B
+33.5%
EPS
$0.31
Previous year: $0.21
+47.6%
Adjusted Operating Margin
20%
Gross Profit
$843M
Previous year: $604M
+39.6%
Cash and Equivalents
$1.21B
Previous year: $1.29B
-6.1%
Free Cash Flow
$307M
Previous year: $301M
+2.1%
Total Assets
$14.6B
Previous year: $11.2B
+29.9%

Amphenol

Amphenol

Amphenol Revenue by Segment

Forward Guidance

For the third quarter of 2021, Amphenol anticipates sales to range from $2.640 billion to $2.700 billion, representing a 14% to 16% increase from Q3 2020. Adjusted Diluted EPS is projected to be between $0.60 and $0.62, indicating a 9% to 13% growth over the same period last year.

Revenue & Expenses

Visualization of income flow from segment revenue to net income