WALLINGFORD, CT – Amphenol reported sales of $4.04 billion in the third quarter, up 26% from 2023's third quarter and a new record for the period.

"We are pleased to have closed the third quarter of 2024 with record sales and Adjusted Diluted EPS, both exceeding the high end of our guidance," said president and CEO R. Adam Norwitt. "Sales increased from prior year by 26%, driven by robust organic growth in the IT datacom, mobile networks, mobile devices, commercial air and defense markets, as well as contributions from the Company’s acquisition program. During the quarter, we again realized strong profitability with Adjusted Operating Margin reaching a record 21.9%. We are very proud of the Company’s outstanding performance during the quarter."

Looking to the fourth quarter, the company expects sales in the range of $3.95 billion to $4.05 billion, representing a 19% to 22% increase from the fourth quarter of 2023.

"I am very pleased with the Company’s third quarter 2024 results," Norwitt said. "The revolution in electronics continues to accelerate, with new innovations creating exciting growth opportunities for Amphenol across each of our diversified end markets. In turn, we have expanded our range of high-technology interconnect products, both through our organic innovation efforts as well as through our successful acquisition program. This expanded technology position coupled with our unique entrepreneurial culture has strengthened our competitive advantage.

"Our ongoing drive to leverage that competitive advantage and thereby create sustained financial strength has established an excellent base for the Company’s future performance. I am confident in the ability of our outstanding and growing entrepreneurial management team to continue to dynamically adjust to changing market conditions, to capitalize on the wide array of growth opportunities that arise in all market cycles and to continue to generate sustainable long-term value for our shareholders and other stakeholders."

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