WALLINGFORD, CT – Amphenol reported revenue of $4.31 billion for the fourth quarter, up 30% from the same quarter in 2023.

"We are pleased to have closed 2024 with record fourth quarter sales and Adjusted Diluted EPS, both exceeding the high end of our guidance," said R. Adam Norwitt, president and CEO. "Sales increased from prior year by 30%, driven by robust organic growth in the IT datacom, mobile networks, commercial air, mobile devices, broadband and defense markets, as well as contributions from the company’s acquisition program.

"For the full year, sales increased by 21%, with robust organic growth in the IT datacom, commercial air, mobile devices and defense markets as well as contributions from the company’s acquisition program. For both the quarter and full year we realized strong profitability with Adjusted Operating Margin reaching a record 22.4% and 21.7%, respectively. We are extremely proud of the company’s outstanding performance in 2024."

For the full year, the company's revenue of $15.2 billion marked a 21% year-over-year increase.

"I am very pleased with the company’s strong finish to 2024," said Norwitt. "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 expanding 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."

For the first quarter, the company expects revenue to be between $4 billion and $4.1 billion.