Amphenol Corporation Reports Record Financial Results for Second Quarter of FY2023
July 28, 2023
🌥️Earnings Overview
On July 26 2023, Amphenol Corporation ($NYSE:APH) reported their financial results for the second quarter of FY2023, which ended on June 30 2023. They had total revenue of USD 3053.9 million, a year-over-year decrease of 2.6%. Additionally, their net income for the quarter was USD 460.5 million, a decrease of 2.5% compared to the same period the previous year.
Stock Price
The company’s stock opened at $85.1 and closed at $88.6, representing a rise of 5.1% from the prior closing price of $84.3. The strong results can be attributed to the robust sales of their products across various markets and industries, including aerospace, automotive, telecommunications, and industrial. The strong performance was driven by increased sales across various markets and cost containment measures implemented earlier in the year. The company’s stock opened at $85.1 and closed at $88.6, representing a rise of 5.1% from the prior closing price of $84.3. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amphenol Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 12.56k | 1.9k | 15.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amphenol Corporation. More…
| Operations | Investing | Financing |
| 2.35k | -728.9 | -1.46k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amphenol Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.24k | 7.65k | 12.62 |
Key Ratios Snapshot
Some of the financial key ratios for Amphenol Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.7% | 19.5% | 20.5% |
| FCF Margin | ROE | ROA |
| 15.5% | 21.8% | 10.6% |
Analysis
GoodWhale has performed an in-depth analysis of AMPHENOL CORPORATION‘s financials, and it is our conclusion that the company is considered a medium risk investment. This conclusion was reached by assessing the company’s risk rating, which takes into account both financial and business aspects. Our analysis revealed one risk warning in the non-financial category, however these can only be viewed by registered users. If you are looking to invest in AMPHENOL CORPORATION, please register with GoodWhale to find out more. More…
Peers
Amphenol Corp is a leading manufacturer of electronic and fiber optic connectors, cables and interconnect systems. The company has a strong competitive position against its competitors CviLux Corp, Harada Industry Co Ltd, and Hirose Electric Co Ltd.
– CviLux Corp ($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 second quarter financial results for the fiscal year 2023, ending on June 30 2023. Total revenue was USD 3053.9 million, a 2.6% decrease year-over-year. Net income for the quarter amounted to USD 460.5 million, a decline of 2.5% compared to the same period in the previous year. The stock price reacted positively to the news, moving up the same day.
Investors may be encouraged by the overall performance of the company despite the slight downturn in revenues and net income, as well as the positive reaction to these results in the stock price. With a strong track record of profitability and a resilient business model, AMPHENOL CORPORATION may be an attractive investment opportunity for those looking to add long-term value to their portfolio.
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