Posted 1/24/2024, 1:20:00 PM
Amphenol Beats 4Q Sales Estimates on Growth Across Markets, Issues In-Line 1Q Outlook
- Amphenol's 4Q sales beat estimates, boosted by growth in commercial air, defense, automotive and IT markets
- 4Q net income was $514.5 million, up from $507.5 million a year ago
- 4Q adjusted EPS was 82 cents, above analysts' estimates of 77 cents
- Completed 4 acquisitions in 4Q TPC Wire & Cable, Airmar Technology, LID Technologies and PCTEL
- 1Q sales forecast of $3.04B-$3.1B and adjusted EPS of 71-73 cents, roughly in line with analyst estimates