Amphenol (APH)

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…

We reduce 2023E EPS for Amphenol (APH; $78.41; E/W) from $3.05 to $2.92 (-3% YoY) after the company produced a second consecutive “beat and lower” quarter, including a just completed acquisition now in our model…