Amphenol (APH) Tops Q4 EPS by 4c

Amphenol (NYSE: APH) reported Q4 EPS of $0.63, $0.04 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.35 billion.

Amphenol President and Chief Executive Officer, R. Adam Norwitt, stated, “We are very pleased to report results above the high end of our guidance, despite a very challenging economic environment, with fourth quarter 2015 sales and EPS of $1.431 billion and $0.63, respectively. Compared to 2014, sales were flat in US dollars and increased by 3% in local currencies, with strength in the automotive and industrial markets offsetting declines in the information technology and data communications market as well as the mobile networks market. Our growth in local currencies was driven both organically and through the Company’s successful acquisition program. The Company’s unique entrepreneurial culture continues to drive strong operating performance, resulting in very strong operating margins of 20.2% in the fourth quarter 2015. This excellent performance is a direct result of our dynamic management team’s ability to drive excellent profitability through disciplined operational execution and an unrelenting focus on all elements of cost. Operating cash flow in the quarter was a record $322 million, an outstanding performance and a clear confirmation of the quality of the Company’s earnings. I am very proud of our organization as we executed very well in the quarter, despite the current uncertain market environment.”

For earnings history and earnings-related data on Amphenol (APH) click here.

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