NYSE$APH

Amphenol Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Amphenol reported a decrease in sales but exceeded expectations for adjusted diluted EPS in Q4 2019.

Amphenol Corporation reported Q4 2019 sales of $2.151 billion, a decrease of 3% compared to Q4 2018. GAAP diluted EPS was $1.03, while adjusted diluted EPS exceeded guidance at $0.98. The company saw strong growth in the military and commercial air markets, which partially offset declines in communications-related markets.

  • Q4 sales reached $2.151 billion, a 3% decrease compared to Q4 2018.
  • GAAP diluted EPS was $1.03, including an excess tax benefit of $0.05 per share.
  • Adjusted diluted EPS exceeded guidance at $0.98.
  • Strong growth in military and commercial air markets partially offset declines in communications-related markets.

Headline financials

Total Revenue

$2.15B

Previous: $2.23B-3.3%
EPS (adj)

$0.25

Previous: $0.27-7.4%
Capital Expenditures

$72M

Previous: $102M-29.7%
Free Cash Flow

$352M

Previous: $276M+27.7%
Net Income

$321M

Previous: $338M-5.1%
Operating Income

$430M

Previous: $458M-6.1%
Gross Profit

$679M

Previous: $715M-5.1%
Cash & Equivalents

$891M

Previous: $1.28B-30.3%
Total Assets

$10.8B

Previous: $10B+7.7%
Stock-Based Comp

$16.6M

Previous: $15.2M+9.2%

Revenue & EPS history

Amphenol · Revenue · Quarterly

$2.15B

Q4 2019-3.3%vs Q4 2018
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

Amphenol expects Q1 2020 sales to be in the range of $1.960 billion to $2.000 billion and Adjusted Diluted EPS in the range of $0.85 to $0.87. For the full year 2020, sales are expected to be in the range of $8.240 billion to $8.400 billion, and Adjusted Diluted EPS to be in the range of $3.76 to $3.84.

Tailwinds

  • Expects first quarter 2020 sales in the range of $1.960 billion to $2.000 billion.
  • Expects first quarter 2020 Adjusted Diluted EPS in the range of $0.85 to $0.87.
  • Expects full year 2020 sales in the range of $8.240 billion to $8.400 billion, representing flat to 2% growth over 2019.
  • Expects full year 2020 Adjusted Diluted EPS to be in the range of $3.76 to $3.84, representing 1% to 3% growth over 2019.
  • Confident in the platform of strength created by the Company's consistent and strong performance.

Headwinds

  • Overall demand environment continues to reflect a heightened level of uncertainty in the global economy.
  • Sales decreased 3% compared to Q4 2018 as a result of moderations in the communications-related markets.
  • Currency translation had the effect of decreasing sales by approximately $14 million in the fourth quarter 2019 compared to the 2018 period.
  • Mobile devices and mobile networks markets saw moderations.
  • Demand environment is still challenging.

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 Q4 2019

Historical avgQ4 2019

+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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