Earnings release
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Amphenol World Headquarters 358 Hall Avenue Wallingford , CT 06492 Telephone ( 203 ) 265-8900 AMPHENOL REPORTS SECOND QUARTER 2021 RECORD RESULTS Second Quarter 2021 Highlights¹ : Record sales of $ 2.654 billion , up 34 % in U.S. dollars and 22 % organically² compared to the second quarter 2020 GAAP diluted EPS of $ 0.59 , up 40 % compared to the prior year period Record Adjusted Diluted EPS² of $ 0.61 , up 53 % compared to the prior year period GAAP and Adjusted Operating Margin² of 17.9 % and 20.0 % , respectively Operating and Free Cash Flow² of $ 411 million and $ 307 million , respectively Announces acquisition of Unlimited Services ● News Release Wallingford , Connecticut , July 28 , 2021. Amphenol Corporation ( NYSE : APH ) today reported second quarter 2021 results . " We are pleased to have closed the second quarter with sales and Adjusted Diluted EPS exceeding the high end of our guidance , " said Amphenol President and Chief Executive Officer , R. Adam Norwitt . " Sales increased by a strong 34 % in the quarter , with growth driven in particular by the automotive , industrial , military and broadband markets as well as contributions from the Company's acquisition program . " " During the second quarter , Amphenol continued to deploy its financial strength in a variety of ways to increase shareholder value . To that end , the Company purchased 2.5 million shares of its common stock for $ 167 million . The Company also paid dividends of $ 87 million , resulting in total capital returned to shareholders during the second quarter of $ 254 million . " " We remain focused on expanding our growth opportunities through a deep commitment to developing enabling technologies for customers across our served markets , an ongoing strategy of market and geographic diversification and an active and successful acquisition program . To that end , we are excited to have closed on the acquisition of Unlimited Services of Wisconsin , Inc. at the end of April . Based in Oconto , Wisconsin and with annual sales of approximately $ 50 million , Unlimited Services is a manufacturer of cable assemblies for industrial applications with a particular focus on heavy vehicles . The acquisition further strengthens our capabilities and enhances our product offerings in the industrial market , while adding a talented management team to the Amphenol family . " Third Quarter 2021 Outlook Given the current dynamic market environment and assuming no new material disruptions from the COVID - 19 pandemic as well as constant exchange rates , for the third quarter 2021 , Amphenol expects sales from continuing operations to be in the range of $ 2.640 billion to $ 2.700 billion , representing 14 % to 16 % growth over the third quarter of 2020 , and Adjusted Diluted