Amphenol Q4 Earnings: Revenue And EPS Beat, CEO Highlights Growth In IT, Mobile And Defense, Strong Q1 Forecast And More

Amphenol Corporation (NYSE: APH), a leading global provider of interconnect solutions, reported strong fourth-quarter and full-year 2024 results, driven by robust growth in key markets and a successful acquisition strategy. The company's earnings and revenue surpassed analyst expectations, reflecting its strong performance across various sectors.



Amphenol's fourth-quarter sales increased by 30% year-over-year to $4.3 billion, while adjusted earnings per share (EPS) grew by 34% to $0.55. For the full year, sales increased by 21% to $15.2 billion, and adjusted EPS grew by 25% to $1.89. The company's strong performance was driven by robust organic growth in the IT datacom, commercial air, mobile devices, and defense markets, as well as contributions from its acquisition program.



Amphenol's CEO, R. Adam Norwitt, highlighted the company's growth in key markets, stating, "We are pleased to have closed 2024 with record fourth-quarter sales and Adjusted Diluted EPS, both exceeding the high end of our guidance. Sales increased from prior year by 30%, driven by robust organic growth in the IT datacom, mobile networks, commercial air, mobile devices, broadband, and defense markets, as well as contributions from the Company’s acquisition program."



Amphenol's acquisition strategy has played a significant role in its growth. The company completed two notable acquisitions in 2024: Carlisle Interconnect Technologies and Luetze. These acquisitions have expanded Amphenol's product portfolio and allowed it to tap into new markets. Additionally, Amphenol expects to close on the acquisition of CommScope's OWN and DAS businesses during the first quarter of 2025, further strengthening its position in the communications and networking sectors.



For the first quarter of 2025, Amphenol expects sales to be in the range of $4.00 billion to $4.10 billion, representing a 23% to 26% increase over the prior year quarter. Adjusted Diluted EPS is expected to be in the range of $0.49 to $0.51, representing a 23% to 28% increase from the first quarter of 2024. This strong outlook reflects Amphenol's continued growth and the company's confidence in its ability to capitalize on new opportunities.

In conclusion, Amphenol's strong fourth-quarter and full-year 2024 results, driven by robust growth in key markets and a successful acquisition strategy, position the company well for continued success in 2025. With a strong outlook for the first quarter and a commitment to investing in research and development and returning capital to shareholders, Amphenol is well-positioned to capitalize on new opportunities and generate sustainable long-term value for its shareholders.