Amphenol Corp (NYSE:APH) stock rose 0.57% (As on January 23, 11:24:21 AM UTC-4, Source: Google Finance) after the company posted strong earnings in its fourth quarter. Amphenol remains focused on expanding its growth opportunities through a deep commitment to developing enabling technologies for customers across the served markets, an ongoing strategy of market and geographic diversification as well as an active and successful acquisition program. To that end, the company continues to expect to close on the acquisition of CommScope’s OWN and DAS businesses during the first quarter of 2025. For the fourth quarter, the company generated Operating and Free Cash Flow of $847 million and $648 million, respectively. During the fourth quarter, the Company purchased 2.4 million shares of its common stock for $169 million and paid dividends of $199 million, resulting in total capital returned to shareholders of nearly $1.3 billion in 2024. The company has expanded the range of high-technology interconnect products, both through the organic innovation efforts as well as through the successful acquisition program. This expanded technology position coupled with the unique entrepreneurial culture has strengthened the competitive advantage.
APH in the fourth quarter of FY 24 has reported the adjusted earnings per share of 55 cents, beating the analysts’ estimates for the adjusted earnings per share of 50 cents. The company had reported the adjusted revenue growth of 30 percent to $4.32 billion in the fourth quarter of FY 24, beating the analysts’ estimates for revenue of $4.06 billion. This is 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. For the full year, sales increased by 21%, with robust organic growth in the IT datacom, commercial air, mobile devices and defense markets as well as contributions from the Company’s acquisition program. For both the quarter and full year the company realized strong profitability with Adjusted Operating Margin reaching a record 22.4% and 21.7%, respectively.
The company also posted upbeat guidance for the first quarter of 2025, expecting sales to be in the range of $4 billion to $4.1 billion, compared to $3.26 billion in the same period a year ago.
It expects adjusted EPS in the range of $0.49 to $0.51, compared to $0.40 in the same period last year, representing a 23% to 28% increase from the first quarter of 2024.