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Amphenol
🇺🇸 NYSE:APH
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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.

Total Revenue
$2.15B
Previous year: $2.23B
-3.3%
EPS
$0.25
Previous year: $0.27
-7.4%
Adjusted Operating Margin
20%
Previous year: 21%
-4.8%
Gross Profit
$679M
Previous year: $715M
-5.1%
Cash and Equivalents
$891M
Previous year: $1.28B
-30.3%
Free Cash Flow
$352M
Previous year: $276M
+27.7%
Total Assets
$10.8B
Previous year: $10B
+7.7%

Amphenol

Amphenol

Amphenol Revenue by Segment

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.
  • Currency translation had the effect of decreasing sales by approximately $14 million in the fourth quarter 2019 compared to the 2018 period.
  • Mobile devices and mobile networks markets saw moderations.
  • Demand environment is still challenging.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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