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Jun 30, 2024
Amphenol Q2 2024 Earnings Report
Reported record sales and adjusted diluted EPS, both exceeding guidance.
Key Takeaways
Amphenol reported record second quarter results with sales of $3.61 billion, up 18% in U.S. dollars and 11% organically compared to the second quarter of 2023. Adjusted Diluted EPS of $0.44, up 22% compared to prior year. The company also announced a dividend increase of 50% to $0.165 per share.
Record sales of $3.61 billion, up 18% in U.S. dollars and 11% organically compared to the second quarter of 2023
GAAP Diluted EPS of $0.41, up 11% compared to prior year
Record Adjusted Diluted EPS of $0.44, up 22% compared to prior year
Operating and Free Cash Flow of $664 million and $528 million, respectively
Revenue by Segment
Forward Guidance
For the third quarter of 2024, Amphenol expects sales to be in the range of $3.70 billion to $3.80 billion and Adjusted Diluted EPS is expected to be in the range of $0.43 to $0.45.
Positive Outlook
- Sales are expected to be in the range of $3.70 billion to $3.80 billion
- Represents a 16% to 19% increase over the prior year quarter
- Adjusted Diluted EPS is expected to be in the range of $0.43 to $0.45
- Represents a 10% to 15% increase from the third quarter of 2023
- Guidance assumes continuation of current market conditions and constant exchange rates
Challenges Ahead
- Guidance does not include the impact of acquisitions that have not yet closed
- Subject to risks related to operating in countries outside the United States
- Uncertainties associated with an economic slowdown or recession
- Risks associated with inability to obtain raw materials and components
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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