Published on 24 Apr 2024 on Zacks via Yahoo Finance
Amphenol’s APH first-quarter 2024 adjusted earnings of 80 cents per share beat the Zacks Consensus Estimate by 8.11%. The earnings figure increased 16% year over year.Net sales increased 9.5% year over year to $3.26 billion and beat the consensus mark by 5.81%. Organically, net sales increased 6%.The top line benefited from higher revenues across the commercial air, defense, automotive and IT datacom end-markets.
Quarterly Details
Harsh Environment Solutions’ (28.1% of net sales) sales came in at $916 million, up 7.2% from the year-ago quarter’s levels.Communications Solutions’ (38.9% of net sales) sales were $1.27 billion, which increased 12.3% year over year.