Highlights of the third quarter
1. Sales growth:
Record breaking sales of $4.04 billion, up 26% compared to Q3 2023, with organic growth of 15%
2. Revenue growth:
Record breaking GAAP diluted earnings per share of $0.48, up 17% from the previous year
Adjusted diluted earnings per share of $0.50, a record breaking 28% year-on-year increase
3.Profit margin improvement:
GAAP and record adjusted operating profit margins were 20.3% and 21.9%, respectively
4. Good cash flow:
Operating and free cash flows were $704 million and $476 million, respectively
5.Completed Acquisition:
Completed the acquisition of L ü tze Europe in early October
expectation
1. Fourth quarter:
Assuming the current market conditions and exchange rates remain unchanged, Amphenol expects sales in the fourth quarter of 2024 to be between $3.95 billion and $4.05 billion, an increase of 19% to 22% compared to the fourth quarter of 2023; Adjusted diluted earnings per share are expected to be between $0.48 and $0.50, an increase of 17% to 22% compared to the same period last year
2. Throughout the year:
For the full year of 2024, Amphenol expects sales to be between $14.85 billion and $14.95 billion, an increase of 18% to 19% compared to the previous year, while adjusted diluted earnings per share are expected to be between $1.82 and $1.84, an increase of 21% to 22% compared to the previous year
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