The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Amphenol beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged, and earnings per share dropped.
Margins dropped across the board.
Amphenol booked revenue of $949 million. The 13 analysts polled by S&P Capital IQ looked for revenue of $932 million. Sales were 0.1% lower than the prior-year quarter's $950 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.73. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.70 per share on the same basis. GAAP EPS of $0.69 for Q4 were 6.7% lower than the prior-year quarter's $0.74 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 31.1%, 150 basis points worse than the prior-year quarter. Operating margin was 18.5%, 160 basis points worse than the prior-year quarter. Net margin was 12.0%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $944 million. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $4.1 billion. The average EPS estimate is $3.22.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Amphenol is outperform, with an average price target of $49.67.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.