Amphenol Reports Record Third Quarter 2025 Results and Announces Dividend Increase

Core Insights - Amphenol Corporation reported record sales and Adjusted Diluted EPS for the third quarter of 2025, significantly exceeding guidance, with sales increasing by 53% year-over-year [2][11] - The company achieved an operating margin of 27.5%, reflecting strong profitability driven by organic growth across various end markets, particularly in IT datacom [2][11] - Amphenol returned approximately $354 million to shareholders through share repurchases and dividends during the quarter [2][11] Financial Performance - Third quarter 2025 net sales reached $6.2 billion, a 53% increase in U.S. dollars and a 41% increase organically compared to the third quarter of 2024 [11] - GAAP Diluted EPS was $0.97, up 102% year-over-year, while Adjusted Diluted EPS was $0.93, an 86% increase from the prior year [11] - Operating income for the quarter was $1.7 billion, with a gross profit of $2.4 billion [11][16] Shareholder Returns - The Board of Directors approved a 52% increase in the quarterly dividend, raising it from $0.165 to $0.25 per share, payable on January 7, 2026 [5] - Total capital returned to shareholders in the third quarter included $201 million in dividends and $153 million in share repurchases [2][5] Growth Strategy - Amphenol is focused on expanding growth opportunities through technology development, market diversification, and acquisitions [3][4] - The company completed the acquisition of Rochester Sensors in August 2025, which has annual sales of approximately $100 million [3] - Amphenol anticipates closing the acquisitions of the CCS business from CommScope and Trexon by early 2026 [4] Future Outlook - For the fourth quarter of 2025, Amphenol expects sales between $6.0 billion and $6.1 billion, representing a 39% to 41% increase year-over-year [6] - Adjusted Diluted EPS for the fourth quarter is projected to be between $0.89 and $0.91, a 62% to 65% increase from the fourth quarter of 2024 [6] - For the full year 2025, sales are expected to be in the range of $22.66 billion to $22.76 billion, a 49% to 50% increase over the previous year [6]