Amphenol (APH)

We assume Amphenol (APH; $113.32; E/W) highlights a still “mixed bag” of end markets when it reports Q1 results and offers up Q2E guidance on April 24th (before market). However, we believe management was appropriately…

This morning, Amphenol (APH; $102.78; E/W) announced it signed a definitive agreement to acquire Carlisle Companies’ (CSL; $320.38; NR) Interconnect Technologies business or CIT for $2.025B in cash, which makes the proposed transaction, the largest…

Amphenol (APH; $100.66; E/W) produced another Q4 “beat and meet”, albeit influenced by a surge in M&A during November and December as it acquired four companies with a combined ~$325mm in annual sales for $678mm….

Amphenol (APH; $101.25; E/W) reported Q4 non-GAAP EPS of $0.82, which beat our $0.76 and the Street’s $0.77 on sales of $3,328mm that were ahead of our $3,148mm and the Street’s $3,157mm. The company also…

We adjust 2023/2024E EPS for Amphenol (APH; $79.66; E/W) from $2.88/$3.08 to $2.95/$3.15 after its Q3 print delivered some EPS upside and Q4E guidance was basically in line with our and Street thinking, albeit with…

Amphenol (APH; $79.26; E/W) reported Q3 non-GAAP EPS of $0.78, which was ahead of our $0.73 and the Street’s $0.74 led by some sales upside ($3,199mm vs. our $3,075mm and the Street’s $3,097mm). In addition,…

PCTEL (PCTI; $4.66; NR) announced after the close on Friday (10/13) it reached a definitive agreement to be acquired by Amphenol (APH; $81.90; E/W) in an all-cash transaction valued at a total of $139.7mm. Amphenol…

We recently learned that Amphenol (APH; $83.37; E/W) acquired privately held and U.S. based Connor Manufacturing Services as per a LinkedIn post by Connor on 9/28. Connor, which boasts a 110-year history, produces custom precision…

Earlier this week, we had the opportunity to catch up with Amphenol’s (APH; $84.08; E/W) CEO Adam Norwitt, CFO Craig Lampo, and Sherri Scribner, VP, Strategy, and IR to discuss some of our “top of…

We bump up our 2023/2024E EPS for Amphenol (APH; $88.60; E/W) from $2.83/$3.05 to $2.88/$3.08 after the company produced a Q2 “beat and meet”, albeit a bit more impressive given that multiple of its end…

Amphenol (APH; $84.31; E/W) reported Q2 non-GAAP EPS of $0.72, which was ahead of our consensus matching $0.68 led by some sales upside ($3,054mm vs. our $2,925mm and the Street’s $2,951mm). As per the table…

We continue to view Amphenol (APH; $85.31; E/W) as a “best in class” company across our entire supply chain coverage. Nevertheless, we think the stock is vulnerable to a negative reaction with its Q2 results…

We reduce 2023/2024E EPS for Amphenol (APH; $73.91; E/W) from $2.92/$3.15 to $2.83/$3.05 after its relatively modest Q1 EPS beat ($0.69 vs. our $0.66 and the Street’s $0.67) that was accompanied by guidance, which for…

Amphenol (APH; $74.87; E/W) reported Q1 non-GAAP EPS of $0.69, which was ahead of our $0.66 and the Street’s $0.67 led by some sales upside ($2,974mm vs. our $2,888mm and the Street’s $2,901mm). As per…

We assume Amphenol (APH; $78.25; E/W) posts a third consecutive “beat and lower” quarter when it releases Q1 results and outlook next Wednesday (4/26 before market) led by our concerns, albeit within a mix bag…