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Sep 30, 2020
Amphenol Q3 2020 Earnings Report
Amphenol Corporation reported record results and increased dividend for the third quarter of 2020.
Key Takeaways
Amphenol Corporation reported record sales of $2.323 billion and adjusted diluted EPS of $1.09 for the third quarter of 2020. Sales increased by 11% compared to the third quarter of 2019, driven by growth in the mobile devices, information technology and data communications, and industrial markets.
Record sales of $2.323 billion, an 11% increase from Q3 2019.
Adjusted Diluted EPS was a record $1.09.
Operating margins significantly improved from the second quarter, reaching 20.5%.
Operating cash flow was $398 million.
Amphenol
Amphenol
Forward Guidance
For the fourth quarter 2020, the company expects sales to be in the range of $2.160 billion to $2.200 billion and Adjusted Diluted EPS in the range of $0.98 to $1.00.
Positive Outlook
- Sales to be in the range of $2.160 billion to $2.200 billion
- Adjusted Diluted EPS in the range of $0.98 to $1.00
- For the full year 2020, expect sales in the range of $8.333 billion to $8.373 billion, an increase of 1% to 2% over 2019
- For the full year 2020, Adjusted Diluted EPS to be in the range of $3.59 to $3.61
- Electronics revolution continues to create exciting long-term growth opportunities
Challenges Ahead
- Global economy remains very uncertain
- Continuing COVID-19 pandemic appears to be worsening in some regions of the world
- Full year 2020 Adjusted Diluted EPS to be in the range of $3.59 to $3.61, which is a decrease of 3% to 4% over 2019
- Uncertainties associated with a protracted economic slowdown that could negatively affect the financial condition of our customers
- Political, economic, military and other risks in countries outside of the United States