Reports Q2 revenue $3.61B, consensus $3.39B. “We are pleased to have closed the second quarter of 2024 with record sales and Adjusted Diluted EPS both exceeding the high end of our guidance,” said Amphenol President and Chief Executive Officer, R. Adam Norwitt. “Sales increased from prior year by 18%, primarily driven by growth in the IT datacom, defense, commercial air, mobile devices, mobile networks and automotive markets, as well as contributions from the Company’s acquisition program, partially offset by organic moderations in the broadband and industrial markets. During the quarter, we again realized strong profitability with Adjusted Operating Margin reaching a record 21.3%. We are very proud of the Company’s outstanding performance during the quarter.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APH:
- Amphenol initiated with a Hold at Vertical Research
- APH Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- CommScope-Amphenol deal positive for CommScope, says Morgan Stanley
- Amphenol Signals Strategic Direction with CommScope Purchase Agreement
- CommScope to sell OWN segment, DAS business unit to Amphenol for $2.1B