NYSE$APH

Amphenol Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Amphenol's first quarter results for 2022 were reported, showcasing strong sales and adjusted diluted EPS growth.

Amphenol reported a strong first quarter in 2022, with sales increasing by 24% and adjusted diluted EPS growing by 29% compared to the first quarter of 2021. The company's performance was supported by robust growth across all end markets and contributions from its acquisition program, despite facing inflationary pressures and supply chain disruptions.

  • Sales increased by 24% to $2.952 billion, with organic sales up 17% compared to Q1 2021.
  • GAAP diluted EPS increased by 28% to $0.68 compared to the prior year.
  • Adjusted Diluted EPS increased by 29% to $0.67 compared to the prior year.
  • Operating margin was 20.0%.

Headline financials

Total Revenue

$2.95B

Previous: $2.38B+24.2%
EPS (adj)

$0.34

Previous: $0.26+30.8%
Capital Expenditures

-$78.1M

Previous: -$78.4M+0.4%
Free Cash Flow

$348M

Previous: $251M+38.4%
Net Income

$426M

Previous: $330M+29.2%
Operating Income

$590M

Previous: $465M+26.9%
Gross Profit

$927M

Previous: $728M+27.4%
Cash & Equivalents

$1.25B

Previous: $2.33B-46.4%
Total Assets

$14.9B

Previous: $13.1B+13.2%
Stock-Based Comp

$19.7M

Previous: $19.1M+3.1%

Revenue & EPS history

Amphenol · Revenue · Quarterly

$2.95B

Q1 2022+24.2%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Amphenol · $2.95B total across 3 segments · Q1 2022

  • Communications Solutions
    $1.32B
  • Interconnect and Sensors
    $904M
  • Harsh Environment Solutions
    $728M

Forward guidance

For the second quarter of 2022, Amphenol expects sales to be in the range of $2.890 billion to $2.950 billion, representing 9% to 11% growth over the second quarter of 2021. Adjusted Diluted EPS is expected to be in the range of $0.66 to $0.68, representing 8% to 11% growth over the second quarter of 2021.

Tailwinds

  • Sales are expected to be in the range of $2.890 billion to $2.950 billion, representing 9% to 11% growth over the second quarter of 2021.
  • Adjusted Diluted EPS is expected to be in the range of $0.66 to $0.68.
  • Adjusted Diluted EPS represents 8% to 11% growth over the second quarter of 2021.
  • Company's ongoing drive to leverage competitive advantages.
  • Company's initiatives to expand product offerings.

Headwinds

  • The current market environment remains highly uncertain.
  • Continued supply chain challenges are expected.
  • Inflationary challenges are expected.
  • Ongoing disruptions associated with the COVID-19 pandemic are expected.
  • Guidance assumes conditions do not meaningfully worsen and assumes constant exchange rates.

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 2022

Historical avgQ1 2022

+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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