2021-01-27 08:03:43 APH Amphenol
01/27/21 01/2708:03 01/27/2108:03 | Amphenol reports Q4 adjusted EPS $1.13, consensus $1.02Reports Q4 revenue $2.43B, consensus $2.22B. In Q4 the company reported record operating and free cash flow of $441M and $371M, respectively. "While the COVID-19 pandemic continued to impact our business in the fourth quarter 2020, I am very proud that our team drove results that significantly exceeded our expectations, while still prioritizing the safety and health of our employees worldwide," said Amphenol President and CEO, R. Adam Norwitt. "We are pleased to have closed 2020 with record fourth quarter sales and Adjusted Diluted EPS exceeding the high end of our guidance. Sales increased by a strong 13% for the quarter, primarily driven by robust growth in the mobile devices, industrial and automotive markets, partially offset by declines in the commercial aerospace and mobile networks markets. For the full year 2020, sales were up 5% in U.S. dollars, resulting from strong growth in the mobile devices, IT data communications and industrial markets, partially offset by declines in the automotive, commercial air and mobile networks markets." |
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