Summary
Amphenol Corporation's 2015 10-K highlights a year of solid growth, with net sales increasing by 4% to $5.57 billion, driven by strength in key markets such as automotive, mobile devices, and industrial. The company's strategic focus on diversification across numerous end markets, coupled with continuous efforts in cost control and strategic acquisitions, has contributed to its resilience and profitability. A significant event was the acquisition of FCI Asia Pte Ltd in January 2016, which is expected to further strengthen Amphenol's position in the information technology and data communications sectors. The company's robust financial performance is underpinned by a strong operating income margin of 19.8% and healthy cash flow generation, enabling consistent dividend increases and share repurchases. Despite a challenging global economic environment and potential risks such as foreign currency fluctuations and dependency on the communications industry, Amphenol's diversified business model, global manufacturing footprint, and focus on innovation position it well for continued success. Investors can take comfort from the company's proven ability to integrate acquisitions and maintain operational efficiency.
Financial Highlights
57 data points| Revenue | $5.57B |
| Cost of Revenue | $3.79B |
| Gross Profit | $1.78B |
| R&D Expenses | $124.70M |
| SG&A Expenses | $669.10M |
| Operating Income | $1.10B |
| Interest Expense | $68.30M |
| Net Income | $763.50M |
| EPS (Basic) | $0.62 |
| EPS (Diluted) | $0.60 |
| Shares Outstanding (Basic) | 1.24B |
| Shares Outstanding (Diluted) | 1.27B |
Key Highlights
- 1Net sales increased 4% to $5.57 billion in 2015, driven by strong performance in automotive, mobile devices, and industrial markets.
- 2Operating income grew 7% to $1.10 billion, with an operating margin of 19.8%, demonstrating effective cost management.
- 3The company completed three strategic acquisitions in 2015 and a significant acquisition of FCI Asia Pte Ltd in January 2016, expanding its product offerings and market reach.
- 4Cash flow from operations was robust at $1.03 billion, supporting capital expenditures, dividends, and share repurchases.
- 5Amphenol returned $159.3 million to shareholders through dividends in 2015, a notable increase from prior years.
- 6The company repurchased approximately 4.5 million shares of its common stock for $248.9 million under its 2015 stock repurchase program.
- 7Diversification across numerous end markets (automotive, industrial, IT/data, aerospace, military, mobile devices/networks) mitigates risks associated with any single sector.