Amphenol (APH, Financial) has just smashed its own records, reporting third-quarter 2024 sales of $4.04 billion—a whopping 26% jump from last year. This surge is fueled by strong demand across IT datacom, mobile devices, and defense sectors, boosted further by strategic acquisitions. With Adjusted Diluted EPS soaring 28% to $0.50, Amphenol's profitability remains rock solid, posting a record 21.9% adjusted operating margin. The company isn't just hoarding cash either; it's giving back, returning $308 million to shareholders via buybacks and dividends.
And Amphenol's not slowing down. The company is eyeing fourth-quarter sales between $3.95 billion and $4.05 billion, marking another expected 19% to 22% leap from last year. Adjusted EPS is forecasted at $0.48 to $0.50. What's driving this outlook? More than just organic growth. Amphenol recently wrapped up the acquisition of Lütze Europe, a move set to sharpen its edge in industrial cable solutions.
CEO R. Adam Norwitt credits the company's entrepreneurial mindset and diverse strategy for navigating market shifts and seizing opportunities. With its expanding tech portfolio and a laser focus on innovation, Amphenol's positioning itself to ride any economic wave while continuing to deliver long-term value to shareholders.
