Amphenol Corp. (APH) has reported significant profitability growth for its fourth quarter, surpassing both its performance from the same quarter the previous year and surpassing Wall Street expectations.
The company's net income reached $746.2 million, or $0.59 per share, compared to $514.5 million, or $0.41 per share, in the previous year. When excluding certain items, the adjusted earnings for Amphenol were $695.2 million or $0.55 per share.
Analysts had, on average, anticipated earnings of $0.50 per share, typically excluding special items in their forecasts.
Revenue for the period experienced a substantial increase of 29.8%, climbing to $4.317 billion from $3.327 billion in the prior year.
In summary, Amphenol Corp.'s financial performance, according to Generally Accepted Accounting Principles (GAAP), is as follows:
- Earnings: $746.2 million, up from $514.5 million last year.
- Earnings per Share (EPS): $0.59 compared to $0.41 last year.
- Revenue: $4.317 billion, up from $3.327 billion a year ago.
For the next quarter, the company has provided guidance, expecting EPS to be in the range of $0.49 to $0.51, and revenue to fall between $4.00 and $4.10 billion.
