- Amphenol’s 1Q adjusted EPS significantly outperformed estimates with 80c vs. the estimated 73c, marking a y/y improvement from the previous 69c.
- An impressive net sales figures of $3.26 billion was recorded, indicating a +9.5% increase y/y, surpassing an estimate of $3.11 billion.
- Harsh Environment Solutions posted net sales at $916.0 million, up by +7.2% y/y, beating an estimate of $823.2 million.
- Interconnect and Sensor Systems also experienced growth, with net sales of $1.07 billion (+8.2% y/y), ahead of the estimated $993.2 million.
- Communications Solutions saw net sales of $1.27 billion, marking a +12% increase y/y, slightly below the estimate of $1.29 billion though.
- The adjusted operating income also surpassed estimates, reaching $684.8 million against the estimated $636.5 million.
- Adjusted net income was also beyond expectations at $500.4 million, compared to the estimate of $459.6 million.
- The company is forecasting 2Q sales at $3.24 billion to $3.30 billion, which is within the estimated range of $3.28 billion.
- The adjusted diluted EPS is projected to be in the range of $0.79 to $0.81, indicating a 10% to 13% increase from the second quarter of 2023.
- 9% increase in sales from the prior year can be credited to growth in the IT datacom, commercial air, automotive, and defense markets and contributions from the company’s acquisition program, slightly offset by a slowdown in the mobile networks, broadband, and industrial markets.
- Investors’ outlook for Amphenol remains mostly positive with 10 buying, 5 holding, and 2 selling positions.
Amphenol Corp Cl A on Smartkarma
Analyst coverage of Amphenol Corp Cl A on Smartkarma showcases a bullish sentiment, with Baptista Research releasing a report titled “Amphenol Corporation: AI Advancements & Capacity Management As A Growth Catalyst! – Major Drivers.” In the report, Amphenol Corporation’s fourth-quarter and full-year results for 2023 were highlighted, with the company achieving sales of $3,327 million for the quarter and a record adjusted diluted EPS of $0.82. While fourth-quarter sales were up 3% in U.S. dollars and 4% sequentially, they experienced a 1% organic decrease compared to the same period in 2022. Despite this, the full-year sales of $12,555 million reflected a slight decline of 50 basis points in U.S. dollars and a 3% organic decrease from 2022.
A look at Amphenol Corp Cl A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Amphenol Corp Cl A, a company specializing in electrical, electronic, and fiber optic connectors, is projected to have a promising long-term outlook. With a Smartkarma Smart Score of 4 for Growth and 5 for Momentum, the company shows strength in expanding its business and maintaining positive market performance. Additionally, scoring 3 for Resilience indicates the company’s ability to withstand economic challenges. While Value and Dividend scores are more moderate at 2, the strong indicators in Growth and Momentum suggest potential for sustained success in the future.
Amphenol Corporation operates in various industries, providing products crucial to telephone, wireless, data communications, cable television, and aerospace electronics sectors. This diverse market presence suggests the company is well-positioned to capitalize on emerging technologies and changing industry landscapes. With solid growth prospects and strong market momentum, Amphenol Corp Cl A shows promise for continued success and resilience in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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