8-KEarnings & ResultsOther EventsExhibits & Filings

AMPHENOL CORP /DE/ 8-K Report, Financial Results (Apr 25, 2018)

Filed April 25, 2018For Securities:APH

Summary

Amphenol Corporation (APH) filed an 8-K on April 25, 2018, primarily to announce key updates regarding its financial performance and capital allocation strategies. The report includes the company's first-quarter 2018 earnings, details of which are provided in an attached press release. Investors should note the company's commitment to returning capital to shareholders through a significant increase in its quarterly dividend and a new, substantial stock repurchase program. Specifically, Amphenol announced an increase in its quarterly dividend from $0.19 to $0.23 per share, effective for dividends declared in Q2 2018. Furthermore, a new three-year, $2 billion stock repurchase plan was authorized, signaling strong confidence from management in the company's future prospects and a desire to enhance shareholder value. The previous $1 billion repurchase plan, initiated in 2017, was also noted as being completed as of March 31, 2018.

Key Highlights

  • 1Amphenol reported its first-quarter 2018 earnings.
  • 2Quarterly dividend increased by approximately 21% from $0.19 to $0.23 per share, effective Q2 2018.
  • 3A new three-year, $2 billion stock repurchase program was authorized.
  • 4The previous $1 billion stock repurchase plan was completed as of March 31, 2018.
  • 5The company's 8-K filing incorporates by reference a press release with detailed financial information.
  • 6Forward-looking statements are included, highlighting the inherent uncertainties and risks associated with future performance.

Frequently Asked Questions

The 8-K filing states that Amphenol issued a press release on April 25, 2018, setting forth its first-quarter 2018 earnings. The detailed results are incorporated by reference via Exhibit 99.1, which is the press release itself.

Amphenol announced an increase in its quarterly dividend on its Common Stock from $0.19 per share to $0.23 per share. This increase is effective with dividends declared in the second quarter of 2018.

The Board of Directors authorized a new three-year open market stock repurchase plan (the “2018 Plan”) for the purchase of up to $2 billion of the Company’s common stock. This follows the completion of a previous $1 billion repurchase plan.

The filing includes forward-looking statements and notes that these are subject to risks and uncertainties. A further description of these risks and uncertainties can be found in Amphenol's Annual Report on Form 10-K for the year ended December 31, 2017, and other SEC filings.