Amphenol Q1 sales $2.97B (+1% YoY), adj. EPS $0.69 beat guide; Q2 outlook down 6-12%

AMPHENOL CORP /DE/

2023-Q1 EPS reported $0.71 revenue$2,974,000,000

GAAP diluted EPS $0.71 (+4%), adjusted diluted EPS $0.69 (+3%), both above Q1 guidance.
Sales $2.974B, up 1% YoY; growth in commercial air, broadband, military, industrial, auto; declines in IT datacom, mobile networks, mobile devices.
Q2 2023 outlook: sales $2.89-2.95B (-6-8% YoY), adj. EPS $0.66-0.68 (-9-12% YoY).
Returned over $290M to shareholders: $167M share repurchases (2.1M shares) and $125M dividends.
Operating cash flow $532M, free cash flow $436M; GAAP operating margin 19.9%, adjusted 20.1%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMPHENOL CORP /DE/ reported the quarter ended March 31, 2023 results: revenue $2.974 billion, EPS $0.71. Guidance initiated.

Period: the quarter ended March 31, 2023
Revenue: $2.974 billion
EPS: $0.71
Guidance: initiated
Result: reported results

Exact text from the filing

● Sales of $2.974 billion, up 1% in U.S. dollars and organically compared to the first quarter of 2022 ● GAAP Diluted EPS of $0.71, up 4% compared to prior year ● Adjusted Diluted EPS of $0.69, up 3% compared to prior year ● GAAP and Adjusted Operating Margin of 19.9% and 20.1% ● Operating and Free Cash Flow of $532 million and $436 million

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

AMPHENOL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001558370-23-006765

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