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Dec 31, 2022
Amphenol Q4 2022 Earnings Report
Amphenol's Q4 2022 earnings exceeded expectations with sales up 7% and GAAP EPS up 14% year-over-year, driven by growth in broadband communications, commercial air, automotive, and military markets.
Key Takeaways
Amphenol reported strong Q4 2022 results, with sales and adjusted diluted EPS exceeding the high end of guidance. Sales increased by 7% year-over-year, supported by robust growth in key markets. The company also announced the acquisition of CMR and an agreement to acquire assets of RFS, further expanding its growth opportunities.
Sales of $3.239 billion, up 7% in U.S. dollars and 8% organically compared to the fourth quarter of 2021
GAAP Diluted EPS of $0.82, up 14% compared to prior year
Adjusted Diluted EPS of $0.78, up 11% compared to prior year
Record Operating and Free Cash Flow of $705 million and $613 million
Revenue by Segment
Forward Guidance
For the first quarter of 2023, Amphenol expects sales to be in the range of $2.840 billion to $2.900 billion, representing a 2% to 4% decline over the first quarter of 2022. Adjusted Diluted EPS is expected to be in the range of $0.65 to $0.67, representing a 3% decline to flat over the first quarter of 2022.
Positive Outlook
- Sales expected to be in the range of $2.840 billion to $2.900 billion.
- Adjusted Diluted EPS is expected to be in the range of $0.65 to $0.67.
- The company is managing costs effectively.
- The company is innovating new products.
- The company is expanding into new markets.
Challenges Ahead
- Economic environment remains uncertain.
- Continued moderation in demand in the communications-related markets.
- Sales expected to decline 2% to 4% over the first quarter of 2022.
- Includes a two percentage point negative currency impact.
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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