Q1 2025 Amphenol Corp Earnings Call Transcript
Key Points
- Amphenol Corp (APH) reported record sales of $4.811 billion for Q1 2025, marking a 40% increase in US dollars and 33% organically compared to Q1 2024.
- The company achieved a record adjusted diluted EPS of $0.63, up 58% from the prior year.
- Orders reached a record $5.292 billion, resulting in a healthy book-to-bill ratio of 1.1 to 1.
- The acquisition of Andrew from CommScope is expected to add approximately $0.09 to earnings for the full year 2025.
- Amphenol Corp (APH) demonstrated strong operating cash flow of $765 million and free cash flow of $580 million, reflecting the quality of earnings.
- The commercial aerospace market saw a modest organic sales decline of 3% year-over-year due to moderated procurement volumes from jetliner customers.
- The automotive market experienced a slight sales decline of 2% in US dollars, with growth in North America and Asia offset by a moderation in Europe.
- Factory automation within the industrial market remains challenging, with continued declines in Europe.
- The company anticipates elevated levels of capital spending in Q2 2025 to support growth in the IT datacom market.
- Amphenol Corp (APH) faces potential impacts from tariffs, requiring strategic management to mitigate costs and pass on pricing impacts to customers.
Hello and welcome to the first quarter 2025 earnings conference call for Amphenol Corporation. Following today's presentation, there will be a formal question-and-answer session. (Operator Instructions) At the request of the company, today's conference is being recorded. If anyone has any objections, you may disconnect at this time. I would now like to introduce today's conference host, Mr. Craig Lampo. Sir, you may begin.
Thank you very much. Good afternoon, everyone. This is Craig Lampo, Amphenol's CFO, and I'm here together with Adam Norwitt, our CEO. We would like to welcome you to our first quarter 2025 conference call.
Our first quarter '25 results were released this morning. I will provide some financial commentary and then Adam will give an overview of the business and current market trends, and then we will take questions. A reminder, during the call, we may refer to certain non-GAAP financial measures and make certain forward-looking statements. So please refer to the
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