WALLINGFORD, CT – Amphenol reported third quarter sales were a record $1.84 billion, up 12.5% year-over-year.
For the nine months ended Sept. 30, sales were $5.1 billion, an increase of 9.3% compared to the same period in 2016.
“We are extremely pleased to close the third quarter 2017 well above the high end of our guidance, with record sales as well as record GAAP and Adjusted Diluted EPS in the quarter of $1.841 billion and $0.88, respectively,” said Amphenol president and CEO R. Adam Norwitt. “We achieved these record results amidst an environment of continued geopolitical and economic policy uncertainty. Compared to the third quarter 2016, sales increased a strong 13%, reflecting diversified growth across the company’s markets, including industrial, automotive, mobile devices, military, broadband, commercial air, as well as IT and data communications. Our excellent performance was driven by organic growth as well as through the Company’s successful acquisition program. GAAP and
Adjusted Diluted EPS grew by 24% and 21%, respectively, in the quarter compared to the third quarter of 2016.”
The firm expects fourth quarter sales in the range of $1.76 billion to $1.8 billion. For the full year 2017, Amphenol expects sales in the range of $6.828 billion to $6.868 billion, an increase over 2016 of 9%.”