Amphenol Corporation, based in Wallingford, Connecticut, posted impressive fourth-quarter results on Wednesday, reporting earnings of $1.2 billion. The company’s net income amounted to 93 cents per share, while earnings, adjusted for merger and acquisition-related costs and other pretax expenses, reached 97 cents per share. These results exceeded Wall Street expectations, as analysts had anticipated average earnings of 93 cents per share according to a survey by Zacks Investment Research.
In addition to strong earnings, Amphenol’s revenue for the quarter was reported at $6.44 billion, comfortably above the estimated $6.12 billion projected by four analysts surveyed. For the entire fiscal year, the company achieved a profit of $4.27 billion, equating to $3.34 per share, and generated total revenue of $23.09 billion.
Looking ahead, Amphenol forecasts its per-share earnings for the current quarter, ending in March, to range from 91 cents to 93 cents, alongside projected revenue between $6.9 billion and $7 billion.
The company’s stock performance has also been notable; shares have surged by 23% year-to-date, significantly outperforming the S&P 500 index, which has only seen a 2% increase. Over the past year, Amphenol’s stock price has more than doubled, reflecting strong market confidence in the company’s growth and resilience.
Amphenol’s continued success indicates a positive outlook for the company, showcasing its robust financial health and ability to navigate an evolving market landscape effectively.