Free Research Report as Amphenol Reported Record Quarterly Sale, Adjusted EPS, and Operating Cash Flow

Stock Monitor: AVX Corp. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 29, 2018 / Active-Investors.com has just released a free earnings report on Amphenol Corp. (NYSE: APH). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=APH. Amphenol reported its fourth quarter and fiscal 2017 operating and financial results on January 24, 2018. The maker of fiber-optic products exceeded top- and bottom-line expectations and provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for AVX Corporation (NYSE: AVX), which also belongs to the Technology sector as the Company Amphenol. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=AVX

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Amphenol most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=APH

Earnings Highlights and Summary

Amphenol’s sales were a record $1.94 billion for Q4 2017, up 18% compared to sales of $1.65 billion in Q4 2016, reflecting diversified growth across the Company’s markets including in particular mobile devices, industrial, automotive, commercial air, and military. In the reported quarter, currency translation had the effect of increasing sales by approximately $36 million on a y-o-y basis. The Company’s revenue numbers topped analysts’ estimates of $1.79 billion.

Amphenol’s sales for the year ended December 31, 2017, were a record $7.01 billion compared to $6.29 billion for FY16. Currency translation had the effect of increasing sales by approximately $13 million for FY17.

Amphenol reported a GAAP diluted loss per share of $0.34 for Q4 2017 compared to GAAP diluted earnings of $0.75 per share for Q4 2016. The Company’s reported quarter results included an estimated one-time charge of approximately $1.26 per share related to the enactment of the Tax Cuts and Jobs Act (Tax Act) partially offset by the excess tax benefit of approximately $0.07 per share related to options exercised during Q4 2017. Excluding the effect of these items, Amphenol’s adjusted earnings were a record $0.86 per share in Q4 2017 compared to $0.75 per share for the year ago comparable period., and came in ahead of Wall Street’s estimates of $0.81 per share.

For the year ended December 31, 2017, Amphenol’s GAAP earnings were $2.06 per share compared to $2.61 for FY16. In addition to the impact of the Tax Act mentioned above, the 2017 period included acquisition-related costs of $0.01 per share as well as tax benefit of options exercised during the year of approximately $0.21 per share. The Company’s FY16 results included acquisition-related costs of $0.11 per share. Excluding the effect of these items, Amphenol’s adjusted earnings were a record $3.12 per share for FY17 compared to $2.72 per share for the year ago same period.

Amphenol’s Segment Results

During Q4 2017, the Interconnect business, which comprised 95% of the Company’s total sales, jumped 19% on a y-o-y basis to $1.85 billion, driven primarily by organic growth as well as the impact of acquisitions. In the Interconnect segment, margins came in at 22.4% in the reported quarter, unchanged compared to the year ago same period.

The Company’s Cable business, which comprises 5% of its total sales, fell 5% to $91.3 million on a y-o-y basis in Q4 2017. The Cable segment’s margins were 11.2% in the reported quarter, down compared to Q4 2016 margins of 14.9%, primarily driven by an increase in certain commodity costs together with the lower volumes.

Cash Matters

Amphenol’s operating cash flow in Q4 2017 and full year 2017 reached record levels of $428 million and $1.14 billion, or approximately 156% and 116% of adjusted net income, respectively. During the reported quarter, the Company repurchased 700,000 shares at an average price of approximately $89. These repurchases were made under the Company’s $1 billion two-year stock repurchase program. Until the earnings release date, the Company has repurchased approximately 8.4 million shares, or $618 million, under the plan, with approximately $318 million of repurchase remain available under the program through January 2019.

Outlook

For first quarter 2018, Amphenol is forecasting sales in the range of $1.78 billion to $1.82 billion and diluted earnings in the band of $0.78 to $0.80 per share. For the full year 2018, the Company is projecting sales in the range of $7.44 billion to $7.60 billion, an increase of 6% to 8% over 2017. The Company is estimating diluted earnings in the range of $3.39 to $3.47, an increase of 9% to 11% compared to adjusted diluted earnings in 2017.

Stock Performance Snapshot

January 26, 2018 – At Friday’s closing bell, Amphenol’s stock climbed 1.68%, ending the trading session at $92.73.

Volume traded for the day: 1.57 million shares, which was above the 3-month average volume of 1.26 million shares.

Stock performance in the last month – up 5.63%; previous three-month period – up 6.28%; past twelve-month period – up 39.15%; and year-to-date – up 5.62%

After last Friday’s close, Amphenol’s market cap was at $28.28 billion.

Price to Earnings (P/E) ratio was at 29.61.

The stock has a dividend yield of 0.82%.

The stock is part of the Technology sector, categorized under the Diversified Electronics industry. This sector was up 1.6% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 487105