Summary:
Amphenol achieved a record $4.04 billion in sales for Q3 2024, marking a 26% increase year-over-year. The company also reported record earnings with a GAAP diluted EPS of $0.48 and adjusted EPS of $0.50. Profit margins improved, and cash flow remained robust. The acquisition of Lütze Europe was successfully completed, enhancing Amphenol's market position.

 Highlights from the Third Quarter:

    ● Record Sales: Achieved an impressive $4.04 billion in sales for Q3 2024, a 26% increase compared to the same quarter last year, with organic growth of 15%.

    ● Strong Earnings Growth: Reported a record GAAP diluted earnings per share (EPS) of $0.48, up 17% year-over-year. Adjusted diluted EPS also hit a record at $0.50, reflecting a 28% increase.

    ● Improved Profit Margins: Our GAAP operating profit margin rose to 20.3%, while the adjusted operating profit margin reached 21.9%, both setting new records for the company.

    ● Robust Cash Flow: Generated $704 million in operating cash flow and $476 million in free cash flow during the quarter.

    ● Successful Acquisition: In early October, completed the acquisition of Lütze Europe, enhancing our capabilities and market presence.

 Looking Ahead:

    ● Q4 Outlook: Assuming current market conditions hold, we anticipate Q4 sales to be between $3.95 billion and $4.05 billion, representing growth of 19% to 22% over Q4 2023. Adjusted diluted EPS is expected to be between $0.48 and $0.50, reflecting an increase of 17% to 22% year-over-year.

    ● Full Year Projections: For the entire year of 2024, Amphenol expects sales to range from $14.85 billion to $14.95 billion, an increase of 18% to 19% compared to the previous year. Adjusted diluted EPS is projected to be between $1.82 and $1.84, up 21% to 22% from last year.

 Conclusion:
Amphenol’s record performance in Q3 2024 reflects the company’s strong market position and commitment to growth. With solid sales and earnings, along with strategic acquisitions, Amphenol is well-positioned for continued success in the upcoming quarters.