Amphenol’s (APH) third-quarter 2024 Communications Solutions revenues of $1.69 billion beat the Zacks Consensus Estimate by 13.51%. Communications Solutions revenues surged 31.8% year over year, accounting for 41.7% of sales in the reported quarter.In the reported quarter, Amphenol’s adjusted earnings of 50 cents per share beat the Zacks Consensus Estimate by 11.11%. The earnings figure increased 28.2% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net sales increased ...

Financial Data and Key Metrics - Record sales of $4.39 billion in Q3 2024, up 26% YoY in USD and 15% organically [3] - Record GAAP and adjusted diluted EPS of $0.48 and $0.50, respectively, up 17% and 28% YoY [3][5] - Record orders of $4.412 billion, up 39% YoY, with a strong book-to-bill ratio of 1.09:1 [3] - GAAP operating income of $819 million, with adjusted operating income of $883 million and a record adjusted operating margin of 21.9% [3] - Operating cash flow of $704 million (117% of net income) and free cash flow of $476 million (79% of net income) [6] - Net leverage ratio of 1.0x at the end of Q3 2024 [7] Segment Performance - **Harsh Environment Solutions**: Sales of $1.194 billion, up 35% YoY in USD and 3% organically, with a segment operating margin of 23.8% [4] - **Communications Solutions**: Sales of $1.685 billion, up 32% YoY in USD and 30% organically, with a segment operating margin of 25.6% [5] - **Interconnect and Sensor Systems**: Sales of $1.160 billion, up 12% YoY in USD and 6% organically, with a segment operating margin of 18.8% [5] Market Performance - **Defense Market**: 11% of sales, up 16% YoY in USD and 8% organically, driven by growth in space, aircraft, avionics, and ground vehicle applications [12] - **Commercial Air Market**: 6% of sales, up 123% YoY in USD and 12% organically, benefiting from the CIT acquisition and next-gen aircraft content [14] - **Industrial Market**: 23% of sales, up 24% YoY in USD, flat organically, with growth in alternative energy and medical offset by declines in factory automation and oil & gas [16] - **Automotive Market**: 19% of sales, up 4% YoY in USD, flat organically, with growth in North America and Asia offset by declines in Europe [17] - **Mobile Devices Market**: 10% of sales, up 18% YoY in USD and 17% organically, driven by broad-based strength across applications [19] - **Mobile Networks Market**: 3% of sales, up 22% YoY in USD and 19% organically, with recovery in demand from operators and equipment manufacturers [20] - **IT Datacom Market**: 25% of sales, up 60% YoY in USD and 59% organically, driven by AI applications and base IT datacom growth [21] - **Broadband Market**: 3% of sales, down 15% YoY in USD and 14% organically, with continued moderation in procurement levels [23] Strategic Direction and Industry Competition - The company closed the acquisition of Lutze Europe, strengthening its position in the industrial market [10] - Pending acquisition of Andrew businesses from CommScope expected to close in Q1 2025, enhancing the company's position in mobile networks [11] - Continued focus on high-speed, low-latency, and power-efficient interconnect products, particularly in AI and IT datacom markets [22][39] - Diversified end-market exposure reduces volatility and creates long-term growth opportunities [11] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong execution and outperformance in a dynamic environment, with record sales and margins [8][9] - The company expects Q4 2024 sales of $3.950 billion to $4.50 billion and adjusted diluted EPS of $0.48 to $0.50, representing YoY growth of 19% to 22% in sales and 17% to 22% in EPS [24] - Full-year 2024 sales are expected to be $14.855 billion to $14.955 billion, with adjusted diluted EPS of $1.82 to $1.84, representing YoY growth of 18% to 19% in sales and 21% to 22% in EPS [24] Other Important Information - The company repurchased 2.7 million shares at an average price of $65, returning $308 million to shareholders in Q3 2024 [6] - Total debt stood at $5.5 billion, with net debt of $3.9 billion and total liquidity of $4.6 billion at the end of Q3 2024 [7] Q&A Session Summary Question: AI vs Non-AI Growth in IT Datacom - AI-related products accounted for more than half of the YoY growth in IT datacom, with strong underlying IT datacom demand also contributing [27][28] Question: Automotive Market Dynamics - The company continues to outperform in the automotive market, driven by content growth in electrified drivetrains and next-gen electronics, despite challenges in Europe [30][33] Question: AI Customer Base and Revenue Breakdown - The company serves a broad customer base in AI, including hyperscalers, OEMs, and chip companies, with a focus on high-speed and power-efficient interconnect products [36][39] Question: Content Growth in Next-Gen IT Systems - The company sees significant content growth in next-gen IT systems, driven by the need for high-speed, low-latency interconnect solutions, with opportunities in both copper and fiber [42][46] Question: CapEx Outlook - Elevated CapEx levels are expected to continue in Q4 2024 to support growth in IT datacom and defense markets, with a long-term target of 3% to 4% of sales [48] Question: Aerospace Guidance and Industrial Green Shoots - Aerospace guidance incorporates all known factors, including strikes, while industrial growth in North America and Asia is offset by slower demand in Europe [51][52] Question: Margin Strength and CIT Integration - Record margins were driven by strong execution, with CIT still on its journey to reach company-average margins [54][56] Question: Mobile Devices Market Growth - High single-digit growth in mobile devices is driven by content expansion and innovation, with the company guiding for robust levels in Q4 [59][62] Question: Organic Orders and Vertical Strength - The company does not break out organic orders but highlights strong book-to-bill ratios across all segments, particularly in IT datacom and defense [63] Question: Order Visibility and Fulfillment Timeline - Orders are typically fulfilled within a couple of quarters, with some extending to three quarters, particularly in IT datacom and defense [65][67] Question: Employee Motivation and Market Cycles - The company's entrepreneurial culture focuses on agility and reactivity, enabling it to navigate market cycles and capitalize on growth opportunities [69][74]

Amphenol’s (APH) third-quarter 2024 adjusted earnings of 50 cents per share beat the Zacks Consensus Estimate by 11.11%. The earnings figure increased 28.2% year over year.Amphenol’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, which is commendable.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net sales increased 26.2% year over year to $4.04 billion and beat the consensus mark by 7.11%. Organically, net sales increased 15%.Amphenol offered encouragi ...

For the quarter ended September 2024, Amphenol (APH) reported revenue of $4.04 billion, up 26.2% over the same period last year. EPS came in at $0.50, compared to $0.39 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.77 billion, representing a surprise of +7.11%. The company delivered an EPS surprise of +11.11%, with the consensus EPS estimate being $0.45.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Amphenol (APH) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this maker of fiber-optic products would post earnings of $0.41 per share when it actually produced earnings of $0.43, delivering a surprise of 4.88%.Over the last four quarters, ...

Exhibit 99.1 Amphenol News Release World Headquarters 358 Hall Avenue Wallingford, CT 06492 Telephone (203) 265-8900 AMPHENOL REPORTS RECORD THIRD QUARTER 2024 RESULTS Third Quarter 2024 Highlights: ● 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 ● GAAP and record Adjusted Operating Margin of 20.3% and 21.9%, ...

Amphenol (APH) is set to report its third-quarter 2024 results on Oct 23. The company expects third-quarter 2024 earnings between 43 cents and 45 cents per share, indicating growth of 10%-15% year over year. Revenues are anticipated to be between $3.7 billion and $3.8 billion. The Zacks Consensus Estimate for third-quarter earnings has been steady at 45 cents per share over the past 30 days, suggesting 15.38% growth from the figure reported in the year-ago quarter. Stay up-to-date with all quarterly release ...

The upcoming report from Amphenol (APH) is expected to reveal quarterly earnings of $0.45 per share, indicating an increase of 15.4% compared to the year-ago period. Analysts forecast revenues of $3.77 billion, representing an increase of 17.9% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings release, it is o ...

Monetary Stimulus Package - China's government launched its largest post-pandemic monetary stimulus package, indicating more fiscal support is forthcoming [1] - The People's Bank of China (PBOC) will reduce reserve requirement ratios (RRR) by 0.5 percentage points and the main policy interest rate by 0.2 percentage points, with potential for further cuts [1][2] - Mortgage rates for existing home loans will be reduced by 0.5 percentage points, and the minimum down payment for second homes will decrease from 25% to 15% [2] Funding and Investment Support - The PBOC will increase funding support for commercial banks lending to state-owned firms from 60% to 100% [2] - Eligible institutional investors can borrow treasury bonds and central bank bills directly from the PBOC, using assets like ETFs as collateral [2] - The central bank will provide refinancing loans for banks extending credit to publicly traded companies for share buybacks [2] Market Reaction and Stock Recommendations - Wall Street reacted positively to the news, interpreting it as beneficial despite the energy sector not showing expected demand revival [3] - Selected stocks linked to China include: - **Alibaba Group Holding Limited (BABA)**: Expected earnings growth rate of 0.7%, with a Zacks Consensus Estimate improvement of 5.9% over the past 60 days, Zacks Rank 2 [4] - **Amphenol Corporation (APH)**: Expected earnings growth rate of 16.6%, with a Zacks Consensus Estimate improvement of 1.2% over the past 60 days, Zacks Rank 2 [4] - **Atour Lifestyle Holdings Limited (ATAT)**: Expected earnings growth rate of 32.6%, with a Zacks Consensus Estimate improvement of 9.9% over the past 60 days, Zacks Rank 1 [5] - **Trip.com Group Limited (TCOM)**: Expected earnings growth rate of 22.6%, with a Zacks Consensus Estimate improvement of 6.3% over the past 60 days, Zacks Rank 2 [5]

Core Viewpoint - Amphenol (APH) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks Consensus Estimate for Amphenol for the fiscal year ending December 2024 is projected at $1.76 per share, reflecting a 16.6% increase from the previous year's reported figure [5]. - Over the past three months, analysts have raised their earnings estimates for Amphenol by 4% [5]. Impact of Earnings Estimates - Changes in a company's earnings potential, as indicated by earnings estimate revisions, are strongly correlated with short-term stock price movements [3]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Zacks Rating System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [4]. - The upgrade of Amphenol to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [7].