Amphenol Q4 Earnings Call Highlights

Fourth-quarter GAAP operating income was $1.7 billion with a GAAP operating margin of 26.8%. Lampo noted the GAAP figure included $47 million of acquisition-related costs, primarily external transaction costs and amortization of acquired backlog. Excluding those costs, adjusted operating income was $1.8 billion and adjusted operating margin was 27.5%, up 510 basis points from the prior-year quarter and flat sequentially. Lampo attributed the year-over-year margin improvement primarily to operating leverage ...