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Sep 30, 2024
Amphenol Q3 2024 Earnings Report
Amphenol's third quarter results for 2024 were record-breaking, with sales and adjusted diluted EPS exceeding guidance.
Key Takeaways
Amphenol reported record third-quarter results for 2024, with sales of $4.04 billion, up 26% from the prior year, and adjusted diluted EPS of $0.50, up 28% from the prior year. The company's performance was driven by robust organic growth in several markets and contributions from its acquisition program.
Record sales of $4.04 billion, up 26% in U.S. dollars and 15% organically compared to the third quarter of 2023
Record GAAP Diluted EPS of $0.48, up 17% compared to prior year
Record Adjusted Diluted EPS of $0.50, up 28% compared to prior year
Operating and Free Cash Flow of $704 million and $476 million, respectively
Revenue by Segment
Forward Guidance
For the fourth quarter of 2024, Amphenol expects sales to be in the range of $3.95 billion to $4.05 billion, representing a 19% to 22% increase from the fourth quarter of 2023. Adjusted Diluted EPS is expected to be in the range of $0.48 to $0.50, representing a 17% to 22% increase from the prior year quarter.
Positive Outlook
- Sales to be in the range of $3.95 billion to $4.05 billion, representing a 19% to 22% increase from the fourth quarter of 2023.
- Adjusted Diluted EPS is expected to be in the range of $0.48 to $0.50, representing a 17% to 22% increase from the prior year quarter.
- Full year 2024, sales to be in the range of $14.85 billion to $14.95 billion, representing an 18% to 19% increase over the prior year.
- Full year 2024, Adjusted Diluted EPS is expected to be in the range of $1.82 to $1.84, representing a 21% to 22% increase over the prior year.
- This guidance does not include the impact of acquisitions that have not yet closed.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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