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Sep 30, 2021
Amphenol Q3 2021 Earnings Report
Amphenol's third quarter performance in 2021 was marked by record sales and EPS, driven by broad-based growth and strategic acquisitions resulting in a dividend increase.
Key Takeaways
Amphenol Corporation reported record third-quarter results for 2021, with sales reaching $2.818 billion, a 21% increase, and GAAP diluted EPS of $0.67, up 20% compared to the prior year. The company's performance was driven by broad-based growth across most end markets and contributions from its acquisition program. Amphenol also increased its quarterly dividend by 38%.
Record sales of $2.818 billion, up 21% in U.S. dollars and 13% organically compared to Q3 2020
Record GAAP diluted EPS of $0.67, up 20% compared to the prior year period
Operating Margin of 20.3%
Quarterly dividend increased by 38% from $0.145 to $0.20 per share
Forward Guidance
For the fourth quarter of 2021, Amphenol expects sales to be in the range of $2.690 billion to $2.750 billion, representing 11% to 13% growth over the fourth quarter of 2020, and Adjusted Diluted EPS in the range of $0.61 to $0.63, representing 7% to 11% growth over the fourth quarter of 2020.
Positive Outlook
- Sales to be in the range of $2.690 billion to $2.750 billion
- Sales representing 11% to 13% growth over the fourth quarter of 2020
- Adjusted Diluted EPS in the range of $0.61 to $0.63
- Adjusted Diluted EPS representing 7% to 11% growth over the fourth quarter of 2020
- Full year 2021, we expect sales to be in the range of $10.540 billion to $10.600 billion, representing 23% growth over 2020
Challenges Ahead
- The current market environment remains highly uncertain
- Significant supply chain challenges
- Inflationary challenges
Historical Earnings Impact
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Avg. Return Before/After Earnings
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