NYSE$APH

Amphenol Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Amphenol's third quarter performance in 2021 was marked by record sales and EPS, driven by broad-based growth and strategic acquisitions resulting in a dividend increase.

Amphenol Corporation reported record third-quarter results for 2021, with sales reaching $2.818 billion, a 21% increase, and GAAP diluted EPS of $0.67, up 20% compared to the prior year. The company's performance was driven by broad-based growth across most end markets and contributions from its acquisition program. Amphenol also increased its quarterly dividend by 38%.

  • Record sales of $2.818 billion, up 21% in U.S. dollars and 13% organically compared to Q3 2020
  • Record GAAP diluted EPS of $0.67, up 20% compared to the prior year period
  • Operating Margin of 20.3%
  • Quarterly dividend increased by 38% from $0.145 to $0.20 per share

Headline financials

Total Revenue

$2.82B

Previous: $2.32B+21.3%
EPS (adj)

$0.33

Previous: $0.28+17.9%
Capital Expenditures

-$274M

Previous: -$205M-33.9%
Free Cash Flow

$152M

Previous: $142M+7.4%
Net Income

$427M

Previous: $347M+23.1%
Operating Income

$571M

Previous: $476M+20.1%
Gross Profit

$890M

Previous: $735M+21.1%
Cash & Equivalents

$1.27B

Previous: $1.42B-10.7%
Total Assets

$14.9B

Previous: $11.8B+27.0%
Stock-Based Comp

$21.2M

Previous: $19M+11.6%

Revenue & EPS history

Amphenol · Revenue · Quarterly

$2.82B

Q3 2021+21.3%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
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

For the fourth quarter of 2021, Amphenol expects sales to be in the range of $2.690 billion to $2.750 billion, representing 11% to 13% growth over the fourth quarter of 2020, and Adjusted Diluted EPS in the range of $0.61 to $0.63, representing 7% to 11% growth over the fourth quarter of 2020.

Tailwinds

  • Sales to be in the range of $2.690 billion to $2.750 billion
  • Sales representing 11% to 13% growth over the fourth quarter of 2020
  • Adjusted Diluted EPS in the range of $0.61 to $0.63
  • Adjusted Diluted EPS representing 7% to 11% growth over the fourth quarter of 2020
  • Full year 2021, we expect sales to be in the range of $10.540 billion to $10.600 billion, representing 23% growth over 2020

Headwinds

  • The current market environment remains highly uncertain
  • Significant supply chain challenges
  • Inflationary challenges
  • Ongoing pandemic
  • Assuming 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 Q3 2021

Historical avgQ3 2021

+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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