Amphenol Corporation
Amphenol Reports Record Q3 2024 Financial Results
Summary
Amphenol Corporation reported record Q3 2024 financial results with net sales of $4.04 billion, up 26% year-over-year. The company's organic growth, especially in IT datacom, mobile networks, and defense markets, drove the increase. GAAP Diluted EPS was $0.48, up 17% from the prior year, while Adjusted Diluted EPS reached $0.50, up 28%. The company also announced a share repurchase of 2.7 million shares for $176 million and expects sales growth of 19% to 22% for Q4 2024.
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About Amphenol Corporation
Amphenol Corporation is a leading global manufacturer of electronic and fiber optic connectors, cables, and interconnect systems. Renowned for its diverse portfolio, the company serves multiple sectors, including communications, automotive, military, aerospace, industrial, and information technology. Its primary function is to facilitate connectivity within these industries, providing critical components that connect and enable electronic circuits. Founded in 1932 and headquartered in Wallingford, Connecticut, Amphenol’s products play a vital role in enhancing performance, reliability, and cost-efficiency in complex electrical systems. By maintaining a robust presence across varied technology-driven markets, Amphenol Corporation stands as a significant player in the electronic components industry, adapting to advancing technological needs and supporting innovation across global markets.
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