NYSE$APH

Amphenol Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Amphenol reported a decrease in sales and EPS compared to the same period last year, impacted by the COVID-19 pandemic.

Amphenol Corporation reported first quarter 2020 results, which were impacted by the COVID-19 pandemic. Sales decreased by 5% compared to the first quarter 2019, but orders reached $2.151 billion due to higher demand for communications networks and medical equipment. The company proactively drew down $1.25 billion from its revolving credit facility and finished the quarter with $2.4 billion of cash on hand.

  • Sales for the first quarter 2020 were $1.862 billion, a 5% decrease compared to $1.959 billion for the comparable 2019 period.
  • GAAP diluted Earnings Per Share (EPS) for the first quarter 2020 was $0.79 compared to $0.87 for the comparable 2019 period.
  • Adjusted Diluted EPS for the first quarter 2020 was $0.71 compared to $0.89 for the first quarter 2019.
  • Operating cash flow in the quarter was $384 million.

Headline financials

Total Revenue

$1.86B

Previous: $1.96B-4.9%
EPS (adj)

$0.18

Previous: $0.23-21.7%
Capital Expenditures

-$60.8M

Previous: -$74.5M+18.4%
Free Cash Flow

$181M

Previous: $193M-6.1%
Net Income

$242M

Previous: $268M-9.5%
Operating Income

$317M

Previous: $376M-15.8%
Gross Profit

$560M

Previous: $628M-10.8%
Cash & Equivalents

$2.37B

Previous: $970M+144.6%
Total Assets

$12.1B

Previous: $10.2B+18.3%
Stock-Based Comp

$15.4M

Previous: $14.4M+6.9%

Revenue & EPS history

Amphenol · Revenue · Quarterly

$1.86B

Q1 2020-4.9%vs Q1 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Amphenol · $3.2B total across 3 segments · Q3 2023

  • Communications Solutions
    $1.28B-15.7%
  • Interconnect and Sensors
    $1.03B+5.0%
  • Harsh Environment Solutions
    $887M+11.8%

Forward guidance

The company withdrew its full-year sales and EPS guidance and will not be providing a specific outlook for the coming quarter. Sales and EPS in the second quarter of 2020 are expected to be lower than the levels achieved in the first quarter.

Tailwinds

  • Company's consistent superior performance
  • Outstanding, entrepreneurial management team
  • Dynamically adjust to the current market conditions
  • Continue to generate strong financial performance
  • Further capitalize on the many opportunities to expand market position

Headwinds

  • Overall demand and operating environment remains highly uncertain
  • Full impact of the COVID-19 pandemic on our business will depend on many unpredictable future developments
  • Length and severity of the crisis
  • Potential additional government actions
  • Overall impact of the pandemic on the global economy

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.8%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+4.3%

Avg return

30 days after

55%

40 / 73 earnings

Positive

+15.0%

Q2 2012

Best reaction

-11.1%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-1.9%+3.3%
Q4 2025-11.1%-12.8%-12.1%
Q3 2025+3.6%+9.2%+5.8%
Q2 2025+0.5%+1.0%+4.7%
Q1 2025+8.2%+15.4%+30.1%
Q4 2024+7.0%-7.2%-7.1%
Q3 2024+4.4%+2.7%+11.1%
Q2 2024-6.8%-4.3%+1.6%
Q1 2024+4.2%+6.9%+19.2%
Q4 2023+2.9%+3.6%+9.7%
Q3 2023+1.2%+0.9%+14.0%
Q2 2023+5.3%+4.7%+2.4%
Q1 2023-0.1%+2.1%+2.3%
Q4 2022-1.3%-1.4%-3.7%
Q3 2022+1.6%+4.2%+10.4%
Q2 2022+10.3%+10.1%+8.5%
Q1 2022+7.3%+4.4%+4.1%
Q4 2021-1.3%+4.7%+1.1%
Q3 2021-2.7%-2.3%+3.6%
Q2 2021+2.2%+3.3%+9.0%
Q1 2021+0.6%-2.9%-1.5%
Q4 2020-2.5%-3.4%-3.3%
Q3 2020+3.4%+1.6%+11.2%
Q2 2020+3.4%+4.0%+6.0%
Q1 2020+9.2%+13.8%+18.0%
Q4 2019-1.8%-5.2%-6.0%
Q3 2019+2.7%+2.1%+2.7%
Q2 2019-4.6%-2.5%-13.2%
Q1 2019-4.5%-6.1%-15.1%
Q4 2018+5.0%+5.6%+16.2%
Q3 2018+4.0%+3.3%+2.7%
Q2 2018+7.5%+3.8%+5.3%
Q1 2018+1.3%+1.1%+5.4%
Q4 2017-0.7%+0.3%-1.1%
Q3 2017-1.3%-1.0%+4.9%
Q2 2017+0.0%+1.0%+5.2%
Q1 2017+0.8%-0.4%+3.6%
Q4 2016-3.1%-2.6%+2.1%
Q3 2016+5.1%+4.4%+7.6%
Q2 2016+1.2%+0.2%+4.5%
Q1 2016-2.5%
Q4 2015+5.2%
Q3 2015-2.5%
Q2 2015+4.1%
Q1 2015-2.5%
Q4 2014+4.6%
Q3 2014-3.4%
Q2 2014+0.5%
Q1 2014+1.3%
Q4 2013-2.8%
Q3 2013+4.1%
Q2 2013-9.2%
Q1 2013+0.8%
Q4 2012-0.9%
Q3 2012+2.7%
Q2 2012+15.0%
Q1 2012+2.2%
Q4 2011+0.1%
Q3 2011-0.7%
Q2 2011-5.5%
Q1 2011-5.2%
Q4 2010-1.1%
Q3 2010-0.9%
Q2 2010+0.9%
Q1 2009-3.6%
Q1 2010+0.4%
Q4 2009-0.4%
Q4 2007-0.4%
Q3 2009+0.8%
Q3 2008+0.8%
Q2 2009+0.0%
Q2 2008+0.0%
Q4 2008+0.0%

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