Summary
Amphenol Corporation (APH) reported strong performance for the fiscal year ended December 31, 2012, with net sales reaching $4.29 billion, a 9% increase year-over-year. The company's growth was driven by its Interconnect Products and Assemblies segment, which constitutes the majority of its sales, and experienced robust organic growth across key markets including automotive, industrial, mobile devices, IT, and commercial aerospace. Profitability remained solid, with net income attributable to Amphenol Corporation rising by 6% to $555.3 million. The company continues to execute its strategy of providing comprehensive design capabilities, a broad product selection, and high service levels, while also focusing on cost control and pursuing strategic acquisitions. Amphenol's global presence and its ability to adapt to evolving market demands, particularly in the information technology and communications sectors, position it well for continued success. The company also demonstrated strong cash flow generation, supporting its growth initiatives, share repurchases, and dividend payments.
Financial Highlights
54 data points| Revenue | $4.29B |
| Cost of Revenue | $2.95B |
| Gross Profit | $1.34B |
| R&D Expenses | $92.50M |
| SG&A Expenses | $512.90M |
| Operating Income | $828.30M |
| Interest Expense | $59.60M |
| Net Income | $555.30M |
| EPS (Basic) | $0.43 |
| EPS (Diluted) | $0.42 |
| Shares Outstanding (Basic) | 1.29B |
| Shares Outstanding (Diluted) | 1.31B |
Key Highlights
- 1Net sales increased by 9% to $4.29 billion in 2012, driven by strong performance in key end markets like automotive, industrial, mobile devices, and IT.
- 2Net income attributable to Amphenol Corporation grew by 6% to $555.3 million, demonstrating robust profitability.
- 3The company's core Interconnect Products and Assemblies segment showed significant strength, contributing approximately 93% of net sales and achieving 9% growth in U.S. dollars.
- 4International sales represented 68% of net sales, highlighting the company's strong global reach, with Asia being a particular area of strength.
- 5Amphenol invested approximately $252 million in five strategic acquisitions during 2012, further broadening its product offerings and market presence.
- 6The company generated robust operating cash flow of $674.7 million, enabling funding for capital expenditures, acquisitions, share repurchases, and dividends.
- 7Amphenol continued its share repurchase program, buying back 6.6 million shares for approximately $380 million in 2012, underscoring its commitment to returning value to shareholders.