Amphenol Q3 2023 Earnings Report
Key Takeaways
Amphenol reported Q3 2023 results with sales of $3.199 billion, a decrease of 3% compared to the third quarter of 2022. GAAP Diluted EPS was $0.83, up 4% compared to prior year, while Adjusted Diluted EPS was $0.78, down 3% compared to prior year. The company closed three acquisitions and increased the quarterly dividend by 5% to $0.22 per share.
Sales of $3.199 billion, down 3% in U.S. dollars and 5% organically compared to the third quarter of 2022.
GAAP Diluted EPS of $0.83, up 4% compared to prior year.
Adjusted Diluted EPS of $0.78, down 3% compared to prior year.
Operating and Free Cash Flow of $618 million and $544 million, respectively.
Amphenol
Amphenol
Forward Guidance
For the fourth quarter of 2023, Amphenol expects sales to be in the range of $3.090 billion to $3.150 billion, representing a 3% to 5% decline over the prior year quarter. Adjusted Diluted EPS is expected to be in the range of $0.75 to $0.77, representing a 1% to 4% reduction from the fourth quarter of 2022.