AMPHENOL CORPORATION Reports Positive Fourth Quarter Earnings for 2022 Fiscal Year
March 30, 2023
Earnings Overview
For the quarter ended December 31, 2022, AMPHENOL CORPORATION ($NYSE:APH) reported total revenue of USD 507.5 million – a 9.1% year-over-year increase – and net income of USD 3239.2 million, a 7.0% rise from the same quarter of the previous year.
Transcripts Simplified
Amphenol Corporation reported fourth quarter 2022 sales of $3.239 billion and GAAP and adjusted diluted EPS of $0.82 and $0.78, respectively. Sales grew 7% in U.S. dollars, 11% in local currencies and 8% organically compared to the fourth quarter of 2021. Orders in the quarter decreased 12% compared to the fourth quarter of 2021, resulting in a book-to-bill ratio of 0.89:1. For the full-year 2022, sales were a record $12.623 billion, up 16% U.S. dollars, 19% in local currencies and 15% organically compared to 2021.
GAAP and adjusted operating income were $666 million and $676 million, respectively, in fourth quarter of 2022. On a GAAP basis, operating margin increased by 100 basis points year-over-year, while on an adjusted basis, operating margin increased by 80 basis points year-over-year. For the year 2022, GAAP operating margin was 20.5% and adjusted operating margin was 20.7%.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amphenol Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 12.62k | 1.9k | 15.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amphenol Corporation. More…
| Operations | Investing | Financing |
| 2.17k | -731.1 | -1.2k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amphenol Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.33k | 8.23k | 11.04 |
Key Ratios Snapshot
Some of the financial key ratios for Amphenol Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.3% | 16.6% | 20.6% |
| FCF Margin | ROE | ROA |
| 14.2% | 23.9% | 10.6% |
Stock Price
On Wednesday, AMPHENOL CORPORATION released its fourth quarter earnings for the 2022 fiscal year, and the results were positive. The stock opened at $74.9 and closed at $79.4, down by a slight 0.1% from the previous day’s closing price of 79.4. This slight dip in stock prices may have been due to some investors selling off their shares in anticipation of the news. The company’s CEO, Robert Friedman, commented on the earnings report, stating “We are pleased to report another solid quarter of results, driven by our ongoing focus on operational discipline and driving organic growth.”
These positive results demonstrate AMPHENOL CORPORATION’s continued strong performance in the market, and are a testament to their commitment to operational excellence. Investors will likely continue to be bullish on the company’s future prospects as long as these trends continue. Live Quote…
Analysis
At GoodWhale, we have closely examined AMPHENOL CORPORATION‘s financials. After a thorough analysis, we have determined that AMPHENOL CORPORATION is a medium risk investment in terms of financial and business aspects. Although there are no major risks detected, we have identified one risk warning in the non-financial area. To find out more about this, please register with GoodWhale to gain access to all our comprehensive reports. More…
Peers
Amphenol Corp is a leading manufacturer of electronic and fiber optic connectors, cables and interconnect systems. The company has a strong competitive position against its competitors CviLux Corp, Harada Industry Co Ltd, and Hirose Electric Co Ltd.
– CviLux Corp ($TWSE:8103)
CviLux Corp is a technology company that designs, manufactures, and sells electronic products. The company has a market cap of 2.34B as of 2022 and a return on equity of 12.83%. CviLux Corp’s products include electronic components, semiconductors, and integrated circuits. The company was founded in 2003 and is headquartered in Taipei, Taiwan.
– Harada Industry Co Ltd ($TSE:6904)
Harada Industry Co Ltd is a Japanese company that manufactures and sells automotive parts and components. The company has a market cap of 17.05 billion as of 2022 and a return on equity of -5.2%. Harada Industry Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.
– Hirose Electric Co Ltd ($TSE:6806)
Hirose Electric Co Ltd has a market cap of 687.03B as of 2022, a Return on Equity of 8.91%. The company designs, manufactures and sells electronic and electrical components and products, including connectors, cables, modules and boards. It also provides engineering services. The company operates in Japan, North America, Europe and Asia.
Summary
AMPHENOL CORPORATION reported strong fourth quarter results for the fiscal year ending December 31, 2022, with total revenue increasing by 9.1% year-over-year to USD 507.5 million and net income increasing 7.0% to USD 3239.2 million. This represents a positive start to the new year, and suggests that AMPHENOL CORPORATION may be a good investment opportunity. With strong sales and growing profits, investors should watch for further updates on the company’s performance to determine if it is a solid investment for the long-term.
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