NYSE$APH

Amphenol Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Amphenol's Q4 2022 earnings exceeded expectations with sales up 7% and GAAP EPS up 14% year-over-year, driven by growth in broadband communications, commercial air, automotive, and military markets.

Amphenol reported strong Q4 2022 results, with sales and adjusted diluted EPS exceeding the high end of guidance. Sales increased by 7% year-over-year, supported by robust growth in key markets. The company also announced the acquisition of CMR and an agreement to acquire assets of RFS, further expanding its growth opportunities.

  • Sales of $3.239 billion, up 7% in U.S. dollars and 8% organically compared to the fourth quarter of 2021
  • GAAP Diluted EPS of $0.82, up 14% compared to prior year
  • Adjusted Diluted EPS of $0.78, up 11% compared to prior year
  • Record Operating and Free Cash Flow of $705 million and $613 million

Headline financials

Total Revenue

$3.24B

Previous: $3.03B+7.0%
EPS (adj)

$0.39

Previous: $0.35+11.4%
Capital Expenditures

$93.6M

Previous: $86.2M+8.6%
Free Cash Flow

$613M

Previous: $379M+61.9%
Net Income

$511M

Previous: $465M+9.9%
Operating Income

$666M

Previous: $593M+12.4%
Gross Profit

$1.04B

Previous: $941M+10.2%
Cash & Equivalents

$1.37B

Previous: $1.2B+14.7%
Total Assets

$15.3B

Previous: $14.7B+4.4%
Stock-Based Comp

$25.3M

Previous: $22.8M+11.0%

Revenue & EPS history

Amphenol · Revenue · Quarterly

$3.24B

Q4 2022+7%vs Q4 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Amphenol · $3.24B total across 3 segments · Q4 2022

  • Communications Solutions
    $1.44B
  • Interconnect and Sensors
    $1.01B
  • Harsh Environment Solutions
    $795M

Forward guidance

For the first quarter of 2023, Amphenol expects sales to be in the range of $2.840 billion to $2.900 billion, representing a 2% to 4% decline over the first quarter of 2022. Adjusted Diluted EPS is expected to be in the range of $0.65 to $0.67, representing a 3% decline to flat over the first quarter of 2022.

Tailwinds

  • Sales expected to be in the range of $2.840 billion to $2.900 billion.
  • Adjusted Diluted EPS is expected to be in the range of $0.65 to $0.67.
  • The company is managing costs effectively.
  • The company is innovating new products.
  • The company is expanding into new markets.

Headwinds

  • Economic environment remains uncertain.
  • Continued moderation in demand in the communications-related markets.
  • Sales expected to decline 2% to 4% over the first quarter of 2022.
  • Includes a two percentage point negative currency impact.
  • Adjusted Diluted EPS is expected to decline 3% to flat over the first quarter of 2022.

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 2022

Historical avgQ4 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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