NYSE$APH

Amphenol Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Amphenol's third quarter performance in 2022 was marked by record sales and adjusted diluted EPS, exceeding guidance.

Amphenol Corporation reported record third-quarter results for 2022, with sales increasing by 17% to $3.295 billion and adjusted diluted EPS growing by 23% to $0.80.

  • Record sales of $3.295 billion, up 17% in U.S. dollars and 18% organically compared to the third quarter of 2021
  • Record GAAP and Adjusted Diluted EPS of $0.80, up 19% and 23% compared to prior year
  • GAAP and Adjusted Operating Margin of 20.7% and 21.0%
  • Record Operating and Free Cash Flow of $576 million and $457 million

Headline financials

Total Revenue

$3.3B

Previous: $2.82B+16.9%
EPS (adj)

$0.40

Previous: $0.33+21.2%
Capital Expenditures

-$290M

Previous: -$274M-5.8%
Free Cash Flow

$206M

Previous: $152M+35.5%
Net Income

$497M

Previous: $427M+16.4%
Operating Income

$681M

Previous: $571M+19.2%
Gross Profit

$1.06B

Previous: $890M+19.1%
Cash & Equivalents

$1.19B

Previous: $1.27B-6.2%
Total Assets

$15.1B

Previous: $14.9B+1.2%
Stock-Based Comp

$23.6M

Previous: $21.2M+11.3%

Revenue & EPS history

Amphenol · Revenue · Quarterly

$3.3B

Q3 2022+16.9%vs Q3 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Amphenol · $3.3B total across 3 segments · Q3 2022

  • Communications Solutions
    $1.52B
  • Interconnect and Sensors
    $983M
  • Harsh Environment Solutions
    $794M

Forward guidance

For the fourth quarter of 2022, Amphenol expects sales to be in the range of $3.090 billion to $3.150 billion, representing 2% to 4% growth over the fourth quarter of 2021. Adjusted Diluted EPS is expected to be in the range of $0.73 to $0.75, representing 4% to 7% growth over the fourth quarter of 2021.

Tailwinds

  • Sales to be in the range of $3.090 billion to $3.150 billion, representing 2% to 4% growth over the fourth quarter of 2021
  • Adjusted Diluted EPS is expected to be in the range of $0.73 to $0.75, representing 4% to 7% growth over the fourth quarter of 2021.
  • Full year 2022 sales to be in the range of $12.474 billion to $12.534 billion, representing 15% growth over 2021.
  • Full year 2022 Adjusted Diluted EPS is expected to be in the range of $2.95 to $2.97, representing 19% to 20% growth over 2021.
  • Acquisition-related expenses, net of tax $0.01

Headwinds

  • Includes a 5 percentage point negative currency impact.
  • The current economic environment remains uncertain and is increasingly dynamic.
  • Full year 2022 includes a 3 percentage point negative currency impact.
  • Excess tax benefits related to stock-based compensation -$0.04
  • Assuming conditions do not meaningfully worsen and 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 2022

Historical avgQ3 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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