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Dec 31, 2019
Amphenol Q4 2019 Earnings Report
Amphenol reported a decrease in sales but exceeded expectations for adjusted diluted EPS in Q4 2019.
Key Takeaways
Amphenol Corporation reported Q4 2019 sales of $2.151 billion, a decrease of 3% compared to Q4 2018. GAAP diluted EPS was $1.03, while adjusted diluted EPS exceeded guidance at $0.98. The company saw strong growth in the military and commercial air markets, which partially offset declines in communications-related markets.
Q4 sales reached $2.151 billion, a 3% decrease compared to Q4 2018.
GAAP diluted EPS was $1.03, including an excess tax benefit of $0.05 per share.
Adjusted diluted EPS exceeded guidance at $0.98.
Strong growth in military and commercial air markets partially offset declines in communications-related markets.
Forward Guidance
Amphenol expects Q1 2020 sales to be in the range of $1.960 billion to $2.000 billion and Adjusted Diluted EPS in the range of $0.85 to $0.87. For the full year 2020, sales are expected to be in the range of $8.240 billion to $8.400 billion, and Adjusted Diluted EPS to be in the range of $3.76 to $3.84.
Positive Outlook
- Expects first quarter 2020 sales in the range of $1.960 billion to $2.000 billion.
- Expects first quarter 2020 Adjusted Diluted EPS in the range of $0.85 to $0.87.
- Expects full year 2020 sales in the range of $8.240 billion to $8.400 billion, representing flat to 2% growth over 2019.
- Expects full year 2020 Adjusted Diluted EPS to be in the range of $3.76 to $3.84, representing 1% to 3% growth over 2019.
- Confident in the platform of strength created by the Company's consistent and strong performance.
Challenges Ahead
- Overall demand environment continues to reflect a heightened level of uncertainty in the global economy.
- Sales decreased 3% compared to Q4 2018 as a result of moderations in the communications-related markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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