Amphenol (NYSE: APH) reported Q2 EPS of $0.60, $0.05 better than the analyst estimate of $0.55. Revenue for the quarter came in at $2.65 billion versus the consensus estimate of $2.48 billion.

GUIDANCE:

Amphenol sees Q3 2021 EPS of $0.60-$0.62, versus the consensus of $0.59.

• Given the current dynamic market environment and assuming no new material disruptions from the COVID-19 pandemic as well as constant exchange rates, for the third quarter 2021, Amphenol expects sales from continuing operations to be in the range of $2.640 billion to $2.700 billion, representing 14% to 16% growth over the third quarter of 2020, and Adjusted Diluted EPS2 from continuing operations in the range of $0.60 to $0.62, representing 9% to 13% growth over the third quarter of 2020.
• “Despite the ongoing challenges and uncertainties that continue to arise from the COVID-19 pandemic, we are encouraged by the platform of strength that has been created by the Company’s performance,” Mr. Norwitt continued. “The revolution in electronics is accelerating, thereby creating exciting and dynamic long-term growth opportunities for Amphenol across each of our diversified end markets. We believe these opportunities will enable a further, long-term increase in the demand for our ever expanding range of high-technology interconnect, sensor and antenna products. Our ongoing drive to leverage our competitive advantages and create sustained financial strength, as well as our initiatives to expand our product offerings, both organically and through our acquisition program, have created an excellent base for the Company’s future performance. I am confident in the ability of our outstanding entrepreneurial management team to dynamically adjust to changing market conditions, to capitalize on the wide array of growth opportunities that arise in all market cycles and to continue to generate sustainable long-term value for our shareholders and other stakeholders. Most importantly, I remain truly grateful to our team for their extraordinary efforts to protect the safety and health of our employees around the world throughout the ongoing pandemic, all while continuing to strongly support our customers and drive outstanding operating performance.”

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