NEW YORK - Amphenol Corporation (NYSE:APH) shares jumped 4.10% in after-hours trading on Wednesday after the electronics component maker reported fourth quarter results that beat analyst expectations and provided an optimistic outlook for the first quarter.
The Connecticut-based company posted adjusted earnings per share of $0.55 for Q4 2024, surpassing the analyst consensus of $0.50. Revenue climbed 30% year-over-year to $4.32 billion, well above estimates of $4.05 billion.
Amphenol saw robust organic growth of 20% in the quarter, driven by strength across several end markets including IT datacom, mobile networks, commercial air, mobile devices, broadband and defense.
"We are pleased to have closed 2024 with record fourth quarter sales and Adjusted Diluted EPS, both exceeding the high end of our guidance," said Amphenol President and CEO R. Adam Norwitt.
Looking ahead, the company forecast Q1 2025 revenue between $4.00 billion and $4.10 billion, representing 23-26% growth over the prior year period. Adjusted EPS is expected to be $0.49-$0.51, above the $0.48 consensus.
Amphenol's strong results and guidance suggest continued momentum in electronics demand across its diverse end markets. The company's ability to outperform expectations despite macroeconomic uncertainties highlights its competitive positioning and execution.
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