earnings
confidence high
sentiment positive
materiality 0.85
Amphenol reports record Q2 sales $3.61B, up 18%; raises dividend 50% to $0.165
AMPHENOL CORP /DE/
2024-Q2 EPS reported
$0.85
revenue$6,866,000,000
- Record Q2 sales $3.61B (+18% YoY); Adj. diluted EPS $0.44 (+22%); record adj. op. margin 21.3%.
- Q3 guidance: sales $3.70-3.80B; Adj. EPS $0.43-0.45, representing 10-15% EPS growth over Q3 2023.
- Quarterly dividend raised 50% to $0.165/share; payable Oct 9, 2024 to holders of record Sep 17, 2024.
- Closed Lutze US ($75M sales) and CIT; Lutze Europe ($100M) expected to close Q3; CommScope deal signed in July.
- Returned $320M to shareholders in Q2: $190M in share repurchases and $132M in dividends.