earnings
confidence high
sentiment positive
materiality 0.85
Amphenol Q1 sales up 9% to $3.26B, EPS $0.87; announces $2B share repurchase program
AMPHENOL CORP /DE/
2024-Q1 EPS reported
$0.87
revenue$3,256,300,000
- Q1 GAAP diluted EPS $0.87 (+23% YoY); adjusted EPS $0.80 (+16%); sales $3.26B (+9%, +6% organic)
- GAAP & adjusted operating margin 21.0%, a first-quarter record; operating cash flow $599M, free cash flow $506M
- Board authorized new three-year, $2B open market stock repurchase program starting April 29, 2024
- Q2 2024 guidance: sales $3.24-$3.30B; adjusted EPS $0.79-$0.81, representing 6-8% and 10-13% YoY growth respectively
- Returned $286M to shareholders in Q1 via $154M share repurchases and $132M dividends