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Amphenol logoAmphenol APH

The company said net sales for Q1 rose to $3,256.3 million, up 9% from a year earlier in U.S. dollar terms and 6% organically. GAAP diluted EPS was $0.87, and Adjusted diluted EPS was $0.80.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said net sales for Q1 rose to $3,256.3 million, up 9% from a year earlier in U.S. dollar terms and 6% organically. GAAP diluted EPS was $0.87, and Adjusted diluted EPS was $0.80.

  2. Amphenol said operating income for Q1 was $684.8 million, and both GAAP and Adjusted operating margin were 21.0%, compared with 19.9% a year earlier. The income tax provision included an excess tax benefit related to stock-based compensation of $29.7 million and a one-time tax benefit of $18.6 million.

  3. The company said its Board of Directors approved a new three-year open market stock repurchase program of up to $2.0 billion, beginning on April 29, 2024. It also guided to second-quarter sales of $3.24 billion to $3.30 billion and Adjusted Diluted EPS of $0.79 to $0.81 for Q2.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Amphenol Q1 2024 Sales $3.26 billion, GAAP Diluted EPS $0.87 and Adjusted EPS $0.80

The company said net sales for Q1 rose to $3,256.3 million, up 9% from a year earlier in U.S. dollar terms and 6% organically. GAAP diluted EPS was $0.87, and Adjusted diluted EPS was $0.80.

Source · Based on the filing body and exhibits

Operating Margin of 21.0% and Tax-Related Items

Amphenol said operating income for Q1 was $684.8 million, and both GAAP and Adjusted operating margin were 21.0%, compared with 19.9% a year earlier. The income tax provision included an excess tax benefit related to stock-based compensation of $29.7 million and a one-time tax benefit of $18.6 million.

Source · Based on the filing body and exhibits

New $2.0 billion Stock Repurchase Program and Q2 Outlook

The company said its Board of Directors approved a new three-year open market stock repurchase program of up to $2.0 billion, beginning on April 29, 2024. It also guided to second-quarter sales of $3.24 billion to $3.30 billion and Adjusted Diluted EPS of $0.79 to $0.81 for Q2.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.