Amphenol Corporation (NYSE:APH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Amphenol Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.99% to $0.87 in the quarter versus EPS of $0.77 in the year-earlier quarter.
Revenue: Rose 10% to $1.08 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Amphenol Corporation reported adjusted EPS income of $0.87 per share. By that measure, the company beat the mean analyst estimate of $0.86. It beat the average revenue estimate of $1.07 billion.
Quoting Management: Amphenol President and Chief Executive Officer, R. Adam Norwitt, stated, We are pleased to report strong first quarter results with sales up 10% and EPS (excluding one-time items) up 13% over the comparable 2012 quarter. The sales growth was driven by increases in nearly all of our served markets led by mobile devices, commercial aerospace, broadband communications and industrial, with contributions from both organic growth and our acquisition program. This strong growth is further confirmation of the significant benefits of the Companys technology leadership and diversification. We are especially encouraged to have achieved strong orders of $1.120 billion in the first quarter, representing a book-to-bill of 1.04 to 1. In addition, it is extremely rewarding that the Companys unique entrepreneurial culture continues to drive an unwavering focus on profitability, resulting in an operating margin improvement of 30 basis points over the prior year quarter to 19.2%. These results are a direct result of our management teams ability to react quickly in a dynamic environment, especially given the continuing high levels of uncertainty in most of the worlds economies. I am very proud of our organization as we continue to execute well.
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