Amphenol Q3 2022 Earnings Report
Key Takeaways
Amphenol Corporation reported record third-quarter results for 2022, with sales increasing by 17% to $3.295 billion and adjusted diluted EPS growing by 23% to $0.80.
Record sales of $3.295 billion, up 17% in U.S. dollars and 18% organically compared to the third quarter of 2021
Record GAAP and Adjusted Diluted EPS of $0.80, up 19% and 23% compared to prior year
GAAP and Adjusted Operating Margin of 20.7% and 21.0%
Record Operating and Free Cash Flow of $576 million and $457 million
Amphenol
Amphenol
Forward Guidance
For the fourth quarter of 2022, Amphenol expects sales to be in the range of $3.090 billion to $3.150 billion, representing 2% to 4% growth over the fourth quarter of 2021. Adjusted Diluted EPS is expected to be in the range of $0.73 to $0.75, representing 4% to 7% growth over the fourth quarter of 2021.
Positive Outlook
- Sales to be in the range of $3.090 billion to $3.150 billion, representing 2% to 4% growth over the fourth quarter of 2021
- Adjusted Diluted EPS is expected to be in the range of $0.73 to $0.75, representing 4% to 7% growth over the fourth quarter of 2021.
- Full year 2022 sales to be in the range of $12.474 billion to $12.534 billion, representing 15% growth over 2021.
- Full year 2022 Adjusted Diluted EPS is expected to be in the range of $2.95 to $2.97, representing 19% to 20% growth over 2021.
- Acquisition-related expenses, net of tax $0.01
Challenges Ahead
- Includes a 5 percentage point negative currency impact.
- The current economic environment remains uncertain and is increasingly dynamic.
- Full year 2022 includes a 3 percentage point negative currency impact.
- Excess tax benefits related to stock-based compensation -$0.04
- Assuming conditions do not meaningfully worsen and assuming constant exchange rates