Amphenol reports Q3 adjusted EPS 73c, consensus 68c
Reports Q3 revenue $1.64B, consensus $1.58B. Amphenol President and CEO R. Adam Norwitt, said, "We are very pleased to report results above the high end of our guidance for the third quarter 2016, with record sales and Adjusted Diluted EPS of $1.636B and 73c, respectively. We achieved these results despite ongoing uncertainties in the global economy. Compared to the third quarter 2015, sales increased by 12%, driven by organic growth in all markets except mobile devices together with contributions from the Company's successful acquisition program. Our unique entrepreneurial culture continues to enable strong operating results, as demonstrated by the Company's Adjusted Operating Margins reaching a record 20.3% in the third quarter 2016. This excellent profitability is a direct result of our dynamic management team's ability to drive disciplined operational execution together with an unrelenting focus on all elements of cost."