Amphenol (APH) Tops Q4 EPS by 7c, Offers Q1 Guidance

Amphenol (NYSE: APH) reported Q4 EPS of $0.98, $0.07 better than the analyst estimate of $0.91. Revenue for the quarter came in at $2.15 billion versus the consensus estimate of $2 billion.

GUIDANCE:

Amphenol sees Q1 2020 EPS of $0.85-$0.87, versus the consensus of $0.89. Amphenol sees Q1 2020 revenue of $1.96-2 billion, versus the consensus of $1.95 billion.

• “As we look ahead, the overall demand environment continues to reflect a heightened level of uncertainty in the global economy. Given this environment, and assuming current exchange rates, we expect first quarter 2020 sales 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, we expect sales in the range of $8.240 billion to $8.400 billion, representing flat to 2% growth over 2019, and Adjusted Diluted EPS to be in the range of $3.76 to $3.84, representing 1% to 3% growth over 2019.
• “While the current demand environment is still challenging, we remain confident in the platform of strength that has been created by the Company’s consistent and strong performance. The electronics revolution continues to create exciting long-term growth opportunities for Amphenol across each of our diversified end markets, with customers driving their products and networks to achieve ever higher levels of performance. We believe these opportunities will drive a long-term increase in demand for our expanded range of high-technology interconnect, sensor and antenna products. Our ongoing actions to leverage our competitive advantages and create sustained financial strength in all economic environments, as well as our initiatives to expand our high-technology product offerings, both organically and through our acquisition program, have created an excellent base for future performance. I am confident in the ability of our outstanding, entrepreneurial management team to dynamically adjust to the always-changing environment, to continue to generate strong profitability and to further capitalize on the many opportunities to expand our market position.”

For earnings history and earnings-related data on Amphenol (APH) click here.

You May Also Be Interested In

• BJ's Wholesale Club (BJ) Tops Q2 EPS by 19c, Beats on Revenue; Offers FY27 EPS Guidance
• Morgan Stanley Upgrades Sangfor Technologies Inc (300454:CH) to Overweight
• Bill.com (BILL) Tops Q4 EPS by 14c, Beats on Revenue; Offers FY27 Guidance