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Amphenol (APH) Tops Q3 EPS by 9c, Beats on Revenues; Boosts FY17 EPS Guidance

October 25, 2017 8:02 AM

Amphenol (NYSE: APH) reported Q3 EPS of $0.88, $0.09 better than the analyst estimate of $0.79. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.74 billion.

“There remains uncertainty related to potential government policy changes as well as the overall geopolitical climate. Considering this environment and based on current currency exchange rates, we expect fourth quarter 2017 sales in the range of $1.760 billion to $1.800 billion and GAAP and Adjusted Diluted EPS in the range of $0.79 to $0.81. For the full year 2017, we now expect to achieve sales in the range of $6.828 billion to $6.868 billion, an increase over 2016 of 9%. We also expect GAAP Diluted EPS of $3.18 to $3.20, an increase of 22% to 23% over 2016 and an Adjusted Diluted EPS of $3.19 to $3.21, an increase of 17% to 18% over 2016. Our current full year guidance now reflects an effective tax rate of approximately 23%. This compares to our prior full year 2017 guidance of $6.620 billion to $6.700 billion in sales and GAAP Diluted EPS of $3.05 to $3.09 and Adjusted Diluted EPS of $3.06 to $3.10, which reflected a full year effective tax rate of approximately 23% to 24%.”

GUIDANCE:

Amphenol sees FY2017 EPS of $3.06-$3.10, versus the consensus of $3.10. Amphenol sees FY2017 revenue of $6.828-6.868 billion, versus the consensus of $3.69 billion.

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

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