Amphenol Corporation Q4 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Quarterly Highlights (Q4 2022)

  • Sales were 3.239 billion dollars, up 7 percent year-over-year in U.S. dollars and up 8 percent organically. Sequentially, sales declined by 2 percent.
  • GAAP diluted EPS was 0.82 dollars, up 14 percent year-over-year. Adjusted diluted EPS was 0.78 dollars, up 11 percent.
  • Adjusted operating margin was 20.9 percent, up 80 basis points from last year and down 10 basis points sequentially.
  • Orders totaled 2.884 billion dollars, down 12 percent from last year, reflecting softer demand in communication-related markets. Book-to-bill was 0.89.
  • Operating cash flow set a record at 705 million dollars, with free cash flow of 613 million dollars.
  • Amphenol closed the acquisition of Control Measure Regulation Group and signed an agreement to acquire parts of RFS.

Full-Year 2022 Results

  • Record sales of 12.623 billion dollars, up 16 percent in U.S. dollars and 15 percent organically versus 2021.
  • Adjusted operating margin reached 20.7 percent, up 70 basis points year-over-year and matching the company’s previous record from 2018.
  • GAAP diluted EPS was 3.06 dollars, up 22 percent. Adjusted diluted EPS was 3.00 dollars, up 21 percent.
  • Record operating cash flow of 2.175 billion dollars and free cash flow of 1.796 billion dollars.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Hello, and welcome to the Fourth Quarter Earnings Conference Call for Amphenol Corporation. Following the presentation, there will be a formal question-and-answer session. Until then, all lines will remain in a listen-only mode. At the request of the company, today's conference is being recorded today. [Operator Instructions] I would now like to introduce today's conference host, Mr. Craig Lampo. Sir, you may begin. Craig Lampo: Good afternoon, everyone. This is Craig Lampo, Amphenol's CFO, and I'm here together with Adam Norwitt, our CEO. We would like to wish everyone Happy New Year and welcome you to our fourth quarter 2022 conference call. Our fourth quarter 2022 results were released this morning. I will provide some financial commentary, and then Adam will give an overview of the business and current trends, then we will take questions. As a reminder, during the call, we may refer to certain non-GAAP financial measures and make certain forward-looking statements. So please refer to the relevant disclosures in our press release for further information. In addition, all prior year comparative data discussed during this year is on a continuing operations basis. The company closed the fourth quarter with sales of $3.239 billion and GAAP and adjusted diluted EPS of $0.82 and $0.78, respectively. Fourth quarter sales were up 7% in U.S. dollars 11% local currencies and 8% organically, compared to the fourth quarter of 2021. Sequentially, sales were down by 2% in U.S.

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional