The 10-second takeaway
For the quarter ended June 30 (Q2), Amphenol met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share expanded.
Margins increased across the board.
Amphenol tallied revenue of $1.14 billion. The 11 analysts polled by S&P Capital IQ predicted a top line of $1.14 billion on the same basis. GAAP reported sales were 7.1% higher than the prior-year quarter's $1.06 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.95. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.94 per share. GAAP EPS of $0.95 for Q2 were 10% higher than the prior-year quarter's $0.86 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.7%, 20 basis points better than the prior-year quarter. Operating margin was 19.7%, 30 basis points better than the prior-year quarter. Net margin was 13.6%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.19 billion. On the bottom line, the average EPS estimate is $1.00.
Next year's average estimate for revenue is $4.63 billion. The average EPS estimate is $3.85.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Amphenol is outperform, with an average price target of $76.83.
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