April 24, 2024 12:35 GMT
Amphenol (A3/BBB+): 1Q24 Results
BASIC INDUSTRIES
Strong quarter, forward looking not much has changed. € bonds trade trade apparently on technicals, not expecting much change here
• Amphenol revenues and adj. operating income beat expectations by 6% and 7.5% respectively. EBITDA is not provided.
• FCF beat consensus by 6%. Net debt came down to $2.595bn from $2.98bn QoQ. For reference 2023 EBITDA was $2.97bn.
• Management describes the outlook as uncertain and bases Q2 forecasts on current conditions. Revenue and EPS guidance are close to consensus. They are rolling their $3bn 3-year stock buyback program.
• Call 13.00 ET https://events.q4inc.com/attendee/102632230
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