8-KEarnings & ResultsOther EventsExhibits & Filings

AMPHENOL CORP /DE/ 8-K Report, Financial Results (Apr 24, 2024)

Filed April 24, 2024For Securities:APH

Summary

Amphenol Corporation (APH) filed an 8-K report on April 24, 2024, primarily announcing its financial results for the quarter ended March 31, 2024, and a significant new stock repurchase program. While the specific financial results are detailed in an attached press release (Exhibit 99.1), the filing confirms the release of this information. Of particular interest to investors is the authorization of a new three-year, $2.0 billion stock repurchase program, set to commence on April 29, 2024. This program replaces the company's previous $2 billion plan, which is set to expire on April 27, 2024. The new authorization underscores Amphenol's commitment to returning capital to shareholders and reflects confidence in its financial position and future prospects.

Key Highlights

  • 1Amphenol Corporation released its financial results for the quarter ended March 31, 2024, via a press release (Exhibit 99.1).
  • 2The company's Board of Directors authorized a new $2.0 billion stock repurchase program.
  • 3The new repurchase program is open market and will run for three years, commencing April 29, 2024.
  • 4The new program replaces the previously announced $2 billion stock repurchase plan, which expires on April 27, 2024.
  • 5The filing includes forward-looking statements subject to risks and uncertainties, as further detailed in Amphenol's 10-K and other SEC filings.

Frequently Asked Questions

This 8-K filing serves two main purposes: to announce Amphenol Corporation's financial results for the quarter ended March 31, 2024, and to report the authorization of a new $2.0 billion stock repurchase program.

The new program authorizes the repurchase of up to $2.0 billion of Amphenol's common stock over a three-year period, starting April 29, 2024. This is a new authorization that effectively replaces the company's previous $2 billion repurchase plan, which is scheduled to expire on April 27, 2024.

The detailed financial results for the quarter ended March 31, 2024, are provided in the press release attached as Exhibit 99.1 to this 8-K filing.

The forward-looking statements provide management's expectations about future business performance and financial condition. However, these statements are inherently uncertain and subject to various risks and uncertainties. Investors should refer to the 'Risk Factors' section in Amphenol's Form 10-K for a comprehensive understanding of these potential risks.