Earnings release
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Amphenol World Headquarters 358 Hall Avenue Wallingford , CT 06492 Telephone ( 203 ) 265-8900 AMPHENOL REPORTS RECORD THIRD QUARTER 2021 RESULTS AND ANNOUNCES DIVIDEND INCREASE Third Quarter 2021 Highlights¹ : Record sales of $ 2.818 billion , up 21 % in U.S. dollars and 13 % organically² compared to the third quarter 2020 Record GAAP diluted EPS of $ 0.67 , up 20 % compared to the prior year period Record Adjusted Diluted EPS² of $ 0.65 , up 18 % compared to the prior year period Operating Margin of 20.3 % Operating Cash Flow and Free Cash Flow² of $ 328 million and $ 238 million , respectively Quarterly dividend increased by 38 % from $ 0.145 to $ 0.20 per share ● ● ● News Release ● ● Wallingford , Connecticut , October 27 , 2021. Amphenol Corporation ( NYSE : APH ) today reported third quarter 2021 results . " We are pleased to have closed the third quarter with sales and Adjusted Diluted EPS² exceeding the high end of our guidance , " said Amphenol President and Chief Executive Officer , R. Adam Norwitt . " Sales increased by a strong 21 % in the quarter , with broad - based growth across most of our end markets , including contributions from the Company's acquisition program . " " During the third quarter , Amphenol continued to deploy its financial strength in a variety of ways to increase shareholder value . To that end , the Company purchased 2.3 million shares of its common stock for $ 171 million . The Company also paid dividends of $ 87 million , resulting in total capital returned to shareholders during the third quarter of $ 258 million . " Increase in Quarterly Dividend On October 26 , 2021 , the Company's Board of Directors approved a 38 % increase in the Company's quarterly dividend , from $ 0.145 per share to $ 0.20 per share . The new dividend amount will be paid on January 12 , 2022 to shareholders of record as of December 21 , 2021 . Fourth Quarter and Full Year 2021 Outlook The current market environment remains highly uncertain , with significant supply chain and inflationary challenges as well as the ongoing pandemic . Given this , and assuming constant exchange rates , for the fourth quarter 2021 , Amphenol expects sales to be in the range of $ 2.690 billion to $ 2.750 billion , representing 11 % to 13 % growth over the fourth quarter of 2020 , and Adjusted Diluted EPS² in the range of $ 0.61 to $ 0.63 , representing 7 % to 11 % growth over the fourth quarter of 2020. For the full year 2021 , we expect sales to be in the range of $ 10.540