[Performance Overview and Business Outlook](index=1&type=section&id=Performance%20Overview%20and%20Business%20Outlook) Amphenol achieved record sales and Adjusted Diluted EPS in Q4 and full year 2024, driven by organic growth and acquisitions, projecting robust Q1 2025 performance [Fourth Quarter 2024 Performance](index=1&type=section&id=Fourth%20Quarter%202024%20Performance) Amphenol achieved record Q4 2024 sales and Adjusted Diluted EPS, driven by strong organic growth across multiple key markets and acquisitions Fourth Quarter 2024 Financial Highlights | Metric | Value | YoY Change | | :--- | :--- | :--- | | Sales | $4.3 billion | +30% | | Organic Sales Growth | - | +20% | | GAAP Diluted EPS | $0.59 | +44% | | Adjusted Diluted EPS | $0.55 | +34% | | GAAP Operating Margin | 22.1% | - | | Adjusted Operating Margin | 22.4% | - | | Operating Cash Flow | $847 million | - | | Free Cash Flow | $648 million | - | - The **30% sales increase** was driven by strong organic growth in IT datacom, mobile networks, commercial air, mobile devices, broadband, and defense markets, along with contributions from the company's acquisition program[4](index=4&type=chunk) [Full Year 2024 Performance](index=1&type=section&id=Full%20Year%202024%20Performance) Amphenol's full year 2024 sales and Adjusted Diluted EPS reached record highs, driven by robust organic growth and strategic acquisitions Full Year 2024 Financial Highlights | Metric | Value | YoY Change | | :--- | :--- | :--- | | Sales | $15.2 billion | +21% | | Organic Sales Growth | - | +13% | | GAAP Diluted EPS | $1.92 | +24% | | Adjusted Diluted EPS | $1.89 | +25% | | GAAP Operating Margin | 20.7% | - | | Adjusted Operating Margin | 21.7% | - | | Operating Cash Flow | $2.8 billion | - | | Free Cash Flow | $2.2 billion | - | - Full-year sales growth was driven by robust organic performance in IT datacom, commercial air, mobile devices, and defense markets, supplemented by contributions from acquisitions[4](index=4&type=chunk) [Capital Allocation and Strategy](index=1&type=section&id=Capital%20Allocation%20and%20Strategy) Amphenol returned significant capital to shareholders in 2024 through buybacks and dividends, while actively pursuing strategic acquisitions - The company returned **nearly $1.3 billion** to shareholders in 2024 In Q4 alone, it purchased **2.4 million shares** for **$169 million** and paid **$199 million** in dividends[4](index=4&type=chunk)[8](index=8&type=chunk) - Completed two acquisitions in 2024: Carlisle Interconnect Technologies and Luetze[8](index=8&type=chunk) - The company expects to close the acquisition of CommScope's OWN and DAS businesses during the first quarter of 2025[5](index=5&type=chunk) [First Quarter 2025 Outlook](index=1&type=section&id=First%20Quarter%202025%20Outlook) Amphenol provided a strong outlook for Q1 2025, projecting significant year-over-year growth based on current market conditions Q1 2025 Guidance | Metric | Guidance Range | YoY Growth | | :--- | :--- | :--- | | Sales | $4.00B - $4.10B | 23% to 26% | | Adjusted Diluted EPS | $0.49 - $0.51 | 23% to 28% | [Consolidated Financial Statements](index=6&type=section&id=Consolidated%20Financial%20Statements) Amphenol's full year 2024 financial statements show strong growth in net sales and income, with expanded assets and robust operating cash flow [Condensed Consolidated Statements of Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Amphenol's full year 2024 income statement shows significant increases in net sales, operating income, and net income attributable to the company Full Year Income Statement Highlights (2024 vs. 2023) | Metric (in millions) | 2024 | 2023 | | :--- | :--- | :--- | | Net sales | $15,222.7 | $12,554.7 | | Gross profit | $5,139.7 | $4,084.1 | | Operating income | $3,156.9 | $2,559.6 | | Net income attributable to Amphenol | $2,424.0 | $1,928.0 | | Diluted EPS | $1.92 | $1.55 | - Dividends declared per common share for the full year 2024 increased to **$0.55** from **$0.425** in 2023[20](index=20&type=chunk) [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of December 31, 2024, Amphenol's total assets and liabilities grew, driven by increased cash, goodwill, and long-term debt from acquisitions Key Balance Sheet Items (in millions) | Account | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $3,317.0 | $1,475.0 | | Total current assets | $9,686.0 | $6,835.3 | | Goodwill | $8,236.2 | $7,092.4 | | Total Assets | $21,440.2 | $16,526.4 | | Long-term debt | $6,484.4 | $3,983.5 | | Total Liabilities | $11,584.1 | $8,099.9 | | Total Equity | $9,847.4 | $8,395.8 | [Condensed Consolidated Statements of Cash Flow](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flow) Amphenol generated substantial operating cash flow in 2024, with significant cash used for acquisitions, capital expenditures, and shareholder returns Full Year Cash Flow Summary (in millions) | Activity | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $2,814.7 | $2,528.7 | | Net cash used in investing activities | ($2,648.6) | ($1,393.7) | | Net cash provided by (used in) financing activities | $1,729.9 | ($1,012.4) | | Net increase in cash and cash equivalents | $1,842.0 | $101.9 | - Key uses of cash in 2024 included **$2,156.4 million** for acquisitions, **$689.3 million** for treasury stock purchases, and **$665.4 million** for capital expenditures[26](index=26&type=chunk) [Segment Information](index=10&type=section&id=Segment%20Information) All three of Amphenol's segments reported sales growth in 2024, with Communications Solutions being the largest and fastest-growing, also showing strong margin improvement Full Year 2024 Net Sales by Segment (in millions) | Segment | 2024 Sales | 2023 Sales | YoY Growth | | :--- | :--- | :--- | :--- | | Harsh Environment Solutions | $4,417.4 | $3,530.8 | 25.1% | | Communications Solutions | $6,323.8 | $4,912.8 | 28.7% | | Interconnect and Sensor Systems | $4,481.5 | $4,111.1 | 9.0% | | **Consolidated Total** | **$15,222.7** | **$12,554.7** | **21.2%** | Full Year 2024 Operating Income & Margin by Segment | Segment | 2024 Op. Income (M) | 2024 Op. Margin | 2023 Op. Margin | | :--- | :--- | :--- | :--- | | Harsh Environment Solutions | $1,093.2 | 24.7% | 26.7% | | Communications Solutions | $1,569.6 | 24.8% | 21.6% | | Interconnect and Sensor Systems | $825.9 | 18.4% | 18.3% | [Supplemental Financial Information (Non-GAAP Reconciliations)](index=11&type=section&id=Supplemental%20Financial%20Information%20%28Non-GAAP%20Reconciliations%29) This section reconciles GAAP and non-GAAP financial measures, highlighting Amphenol's underlying operational performance, organic growth, adjusted margins, and free cash flow [Reconciliation of Net Sales Growth](index=11&type=section&id=Reconciliation%20of%20Net%20Sales%20Growth) Amphenol's full year 2024 consolidated net sales grew **21%**, with **13%** organic growth and **8%** from acquisitions, led by Communications Solutions Full Year 2024 Net Sales Growth Reconciliation | Segment | Net Sales Growth (GAAP) | Acquisition Impact | Organic Net Sales Growth (Non-GAAP) | | :--- | :--- | :--- | :--- | | Harsh Environment Solutions | 25% | 21% | 4% | | Communications Solutions | 29% | 2% | 27% | | Interconnect and Sensor Systems | 9% | 5% | 4% | | **Consolidated** | **21%** | **8%** | **13%** | [Reconciliation of Operating Results (GAAP to Non-GAAP)](index=13&type=section&id=Reconciliation%20of%20Operating%20Results%20%28GAAP%20to%20Non-GAAP%29) Amphenol's full year 2024 GAAP Diluted EPS and operating margin were adjusted to non-GAAP figures, reflecting acquisition-related and tax adjustments Full Year 2024 GAAP to Non-GAAP EPS Reconciliation | Description | Per Share Amount | | :--- | :--- | | **Reported Diluted EPS (GAAP)** | **$1.92** | | Amortization of acquisition related inventory step-up costs | $0.01 | | Acquisition-related expenses | $0.08 | | Excess tax benefits related to stock-based compensation | ($0.11) | | Discrete tax items | ($0.01) | | **Adjusted Diluted EPS (non-GAAP)** | **$1.89** | Full Year 2024 GAAP to Non-GAAP Operating Margin Reconciliation | Description | Margin % | | :--- | :--- | | **Reported Operating Margin (GAAP)** | **20.7%** | | Amortization of acquisition related inventory step-up costs | 0.1% | | Acquisition-related expenses | 0.8% | | **Adjusted Operating Margin (non-GAAP)** | **21.7%** | [Reconciliation of Free Cash Flow](index=13&type=section&id=Reconciliation%20of%20Free%20Cash%20Flow) Amphenol generated **$2.16 billion** in Free Cash Flow in 2024, derived from operating cash flow minus net capital expenditures, consistent with the prior year Full Year Free Cash Flow Calculation (in millions) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | Operating Cash Flow (GAAP) | $2,814.7 | $2,528.7 | | Capital expenditures (GAAP) | ($665.4) | ($372.8) | | Proceeds from disposals of property, plant and equipment (GAAP) | $7.8 | $4.0 | | **Free Cash Flow (non-GAAP)** | **$2,157.1** | **$2,159.9** | [Other Information](index=3&type=section&id=Other%20Information) This section provides corporate details, investor call information, non-GAAP definitions, and forward-looking statements outlining potential risks and uncertainties [About Amphenol](index=3&type=section&id=About%20Amphenol) Amphenol is a global leader in designing, manufacturing, and marketing interconnect products, serving diverse high-growth end markets across approximately 40 countries - Amphenol is one of the world's largest manufacturers of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors, and specialty cables[11](index=11&type=chunk) - The company has a diversified presence in high-growth markets including Automotive, Broadband Communications, Commercial Aerospace, Defense, Industrial, IT and Data Communications, Mobile Devices, and Mobile Networks[11](index=11&type=chunk) [Forward-Looking Statements and Risk Factors](index=3&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) Forward-looking statements, including Q1 2025 guidance, are subject to various risks such as geopolitical conditions, supply chain issues, and cybersecurity threats - Forward-looking statements, including Q1 2025 guidance, are based on management's current assumptions and are subject to risks and uncertainties[13](index=13&type=chunk) - Key risks include political and economic risks, supply chain disruptions, cybersecurity threats, competition, and difficulties in integrating acquisitions[14](index=14&type=chunk)[15](index=15&type=chunk)[16](index=16&type=chunk)

Last week, major banks and financial institutions kicked off the fourth-quarter 2024 earnings season. So far, results have come in line with expectations. This week, several non-financial U.S. corporate bigwigs will release their earnings results. Investment in these stocks that are set to beat on earnings with a favorable Zacks Rank are expected to see their stock prices moving northward in the near term. Three such stocks are — United Airlines Holdings Inc. (UAL) , The Travelers Companies Inc. (TRV) and A ...

Core Viewpoint - Amphenol (APH) is expected to report strong fourth-quarter 2024 results, with earnings and revenues projected to grow significantly year-over-year, driven by robust demand in defense and commercial aerospace sectors, as well as contributions from recent acquisitions [2][5][6]. Financial Expectations - The company anticipates fourth-quarter 2024 earnings between 45 cents and 48 cents per share, reflecting a year-over-year growth of 17-22% [2]. - Fourth-quarter revenues are expected to range from $3.95 billion to $4.05 billion, with the Zacks Consensus Estimate at $4.03 billion, indicating a 21.26% increase from the previous year [5]. Performance History - Amphenol has consistently exceeded the Zacks Consensus Estimate in the past four quarters, with an average earnings surprise of 7.65% [3]. Market Dynamics - The upcoming results are expected to benefit from a strong order backlog, which reached a record $4.412 billion in Q3 2024, resulting in a book-to-bill ratio of 1.09:1 [6]. - Sales in the defense market are projected to increase moderately, while commercial air sales are expected to grow in the high single digits [7]. Impact of Acquisitions - Recent acquisitions, including CIT and Lutze US, are anticipated to enhance Amphenol's product offerings and sales capabilities, particularly in high-technology interconnect products [9][19]. - The company is also expanding its footprint in mobile networks through the pending acquisition of CommScope's Outdoor Wireless Networks and Distributed Antenna Systems businesses [20]. Stock Performance - Amphenol shares have increased by 41.7% over the past 12 months, outperforming the Zacks Electronics Connectors industry and the broader Computer and Technology sector [10]. - The stock is currently trading at a premium, with a forward Price/Earnings ratio of 31.88X compared to the sector's 27.01X [14]. Strategic Outlook - The company is well-positioned for growth due to expanding spending on defense technologies and strong demand in commercial aerospace and industrial markets [17]. - Amphenol's strong liquidity, with total liquidity of $4.6 billion as of September 30, 2024, supports its investment and growth strategies [21].

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Amphenol (APH) , which belongs to the Zacks Electronics - Connectors industry.This maker of fiber-optic products has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 7.99%.For the most recent quarter, Amphenol was expected to post earni ...

Group 1 - The Zacks Premium service provides tools for investors to enhance their stock market engagement and confidence [1][2] - It includes daily updates on Zacks Rank and Zacks Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1][2][10] Group 2 - The Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, serving as complementary indicators to the Zacks Rank [3][4] - Each stock is assigned a rating from A to F, with A indicating the highest potential for outperforming the market [4] Group 3 - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E, PEG, and Price/Sales [4] - The Growth Score assesses stocks based on projected and historical earnings, sales, and cash flow for sustainable growth [5] - The Momentum Score evaluates stocks based on price trends and earnings estimate changes to identify favorable buying opportunities [6] Group 4 - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with attractive value, growth, and momentum [7] - The Zacks Rank utilizes earnings estimate revisions to simplify the process of building a successful portfolio [8] Group 5 - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] - There are typically over 800 stocks rated 1 or 2, making it essential to utilize Style Scores for effective stock selection [10] Group 6 - For optimal returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [11] - The direction of earnings estimate revisions is crucial when selecting stocks, as downward trends can indicate potential price declines [12] Group 7 - Amphenol (APH) is highlighted as a stock to watch, currently rated 3 (Hold) with a VGM Score of B [13] - APH is projected to have a year-over-year earnings growth of 21.9% for the current fiscal year, making it appealing for growth investors [13][14] - The Zacks Consensus Estimate for APH has increased to $1.84 per share, with an average earnings surprise of 7.7% [14]

Earnings and Revenue Forecast - Wall Street analysts predict Amphenol (APH) to post quarterly earnings of $0 50 per share, reflecting a 22% increase compared to the same period last year [1] - Revenues are forecasted to be $4 02 billion, representing a year-over-year increase of 20 8% [1] - The consensus EPS estimate for the quarter has been revised upward by 0 3% over the past 30 days, indicating a collective reappraisal by analysts [2] Key Metrics Analysis - Analysts estimate 'Net Sales- Harsh Environment Solutions' to reach $1 20 billion, a year-over-year increase of 33 1% [5] - 'Net Sales- Interconnect and Sensor Systems' is projected to reach $1 20 billion, reflecting a 10 7% year-over-year increase [5] - 'Net Sales- Communications Solutions' is expected to reach $1 62 billion, a 20 7% increase from the year-ago quarter [6] Operating Income Projections - 'Operating Income- Interconnect and Sensor Systems' is estimated at $286 70 million, compared to $200 20 million in the same quarter last year [6] - The consensus estimate for 'Operating Income- Communications Solutions' stands at $368 05 million, up from $311 10 million in the same quarter last year [7] - 'Operating Income- Harsh Environment Solutions' is predicted to reach $274 26 million, compared to $238 20 million in the year-ago quarter [7] Stock Performance - Over the past month, Amphenol shares have recorded returns of +1 2%, outperforming the Zacks S&P 500 composite's -3 3% change [7] - Based on its Zacks Rank 3 (Hold), APH is expected to perform in line with the overall market in the upcoming period [7]

Amphenol (APH) shares have gained 42.6% in the trailing 12 months, outperforming the broader Zacks Computer & Technology sector’s return of 30.6% and the Zacks Electronics Connectors’ industry’s appreciation of 41.6%.Amphenol is benefiting from its strong portfolio of solutions, including high-technology interconnect products. Its diversified business model lowers the volatility of individual end markets and geographies.Expanding spending on both current and next-generation defense technologies bodes well f ...

Core Insights - Three stocks with strong momentum and buy rankings are highlighted for investors: Vince Holding, REV Group, and Amphenol [1][2][3][4] Vince Holding - Vince Holding offers a wide range of women's and men's ready-to-wear products and has a Zacks Rank of 1 (Strong Buy) [1] - The Zacks Consensus Estimate for its current year earnings increased by 14.6% over the last 60 days [1] - Vince Holding's shares gained 54.4% over the last three months, significantly outperforming the S&P 500's gain of 2.4% [2] - The company has a Momentum Score of B [2] REV Group - REV Group designs, manufactures, and distributes specialty vehicles and related aftermarket parts and services, also holding a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings increased by 7.4% over the last 60 days [2] - REV Group's shares gained 16.5% over the last three months, again outperforming the S&P 500's gain of 2.4% [3] - The company possesses a Momentum Score of B [3] Amphenol - Amphenol designs, manufactures, and markets electrical, electronic, and fiber optic connectors, interconnect systems, antennas, and related products, with a Zacks Rank of 1 [3][4] - The Zacks Consensus Estimate for its current year earnings increased by 4.6% over the last 60 days [3] - Amphenol's shares gained 6.5% over the last three months, also outperforming the S&P 500's gain of 2.4% [4] - The company has a Momentum Score of B [4]

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:ZIM Integrated Shipping Services (ZIM) : This global container liner shipping company which provides container shipping and related services in Israel and internationally, has seen the Zacks Consensus Estimate for its current year earnings increasing 35.7% over the last 60 day.MediaAlpha (MAX) : This company which provides real-time programmatic technology platform specializing in vertical search and metasearch, has seen the Zacks Conse ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .The title of this article and the quote above are not attempts of mine to turn this article into an ad for President Trump. No. The quote aboveAnalyst’s Disclosure: I/we have a beneficial long position in the shares of UNP, NSC, ODFL, TPL, LB either through stock ownership, opti ...