NYSE$APH

Amphenol Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Amphenol's Q4 2020 earnings were reported, highlighted by record sales and EPS, driven by growth in mobile devices, industrial, and automotive markets, offset by declines in commercial aerospace and mobile networks.

Amphenol reported record fourth-quarter results with sales of $2.426 billion, up 13% year-over-year, and GAAP diluted EPS of $1.15, up 12% year-over-year. The company also announced a 2-for-1 stock split.

  • Record sales of $2.426 billion, up 13% in U.S. dollars and 11% organically compared to Q4 2019
  • Record GAAP diluted EPS of $1.15, up 12% compared to the prior year period
  • Record Adjusted Diluted EPS of $1.13, up 15% compared to the prior year period
  • Record operating and free cash flow of $441 million and $371 million, respectively

Headline financials

Total Revenue

$2.43B

Previous: $2.15B+12.8%
EPS (adj)

$0.29

Previous: $0.25+16.0%
Capital Expenditures

$72M

Previous: $72M+0.0%
Free Cash Flow

$371M

Previous: $352M+5.4%
Net Income

$360M

Previous: $321M+12.3%
Operating Income

$488M

Previous: $430M+13.6%
Gross Profit

$766M

Previous: $679M+12.8%
Cash & Equivalents

$1.7B

Previous: $891M+91.0%
Total Assets

$12.3B

Previous: $10.8B+14.0%
Stock-Based Comp

$19.5M

Previous: $16.6M+17.5%

Revenue & EPS history

Amphenol · Revenue · Quarterly

$2.43B

Q4 2020+12.8%vs Q4 2019
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 first quarter 2021, Amphenol expects sales to be in the range of $2.120 billion to $2.180 billion, representing 14% to 17% growth over 2020, and Adjusted Diluted EPS in the range of $0.90 to $0.94, representing 27% to 32% growth over 2020.

Tailwinds

  • Sales to be in the range of $2.120 billion to $2.180 billion
  • Sales representing 14% to 17% growth over 2020
  • Adjusted Diluted EPS in the range of $0.90 to $0.94
  • Adjusted Diluted EPS representing 27% to 32% growth over 2020
  • On a post-split basis, this would represent Adjusted Diluted EPS in the range of $0.45 to $0.47

Headwinds

  • Ongoing and significant economic and public health uncertainties created by the COVID-19 pandemic make it difficult to accurately forecast the Company’s performance for the full year 2021.
  • Not providing full-year sales and EPS guidance at this time.
  • New material disruptions from the pandemic
  • Assuming constant exchange rates
  • The extent to which the COVID-19 pandemic will continue to impact our business and financial results going forward will be dependent on future developments such as the length and severity of the crisis, future government regulations and actions in response to the crisis, the timing, effectiveness and availability of vaccines

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 2020

Historical avgQ4 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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