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Amphenol Corporation is a leading global designer, manufacturer, and marketer of electrical, electronic, and fiber optic connectors and interconnect systems, antennas, sensors, and sensor-based products, as well as coaxial and high-speed specialty cable . The company operates through three main business segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems . Amphenol serves a diverse set of end markets, including automotive, broadband communications, commercial aerospace, defense, industrial, information technology, and mobile networks .
- Communications Solutions - Offers a range of connector and interconnect systems, including high-speed, radio frequency, power, and fiber optic products, along with antennas for markets such as information technology, mobile devices, and broadband communications .
- Interconnect and Sensor Systems - Provides sensors, sensor-based systems, connectors, and value-add interconnect systems for automotive, industrial, and aerospace markets .
- Harsh Environment Solutions - Focuses on ruggedized interconnect products for industrial, defense, commercial aerospace, automotive, mobile networks, and information technology and data communications markets .
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
R. Adam Norwitt ExecutiveBoard | President and Chief Executive Officer | None | R. Adam Norwitt has been with Amphenol for approximately 25 years, serving as CEO since 2009. He has driven the company's growth through strategic acquisitions and market diversification. | 2009 |
Craig A. Lampo Executive | Senior Vice President and Chief Financial Officer | None | Craig A. Lampo is confirmed as CFO through recent 8-K filings, though further details are not provided in the documents. | N/A |
David Silverman Executive | Senior Vice President, Human Resources | None | David Silverman has been with Amphenol for 17 years, serving as Senior Vice President, Human Resources since 2019. | 2019 |
Lance E. D’Amico Executive | Senior Vice President, Secretary, and General Counsel | None | Lance E. D’Amico has been with Amphenol for approximately eight years, serving as General Counsel since 2016. | 2016 |
Luc Walter Executive | President, Harsh Environment Solutions Division | None | Luc Walter has been with Amphenol for 40 years, leading operations in the military, aerospace, and industrial sectors. | 2022 |
Peter J. Straub Executive | President, Interconnect and Sensor Systems Division | None | Peter J. Straub joined Amphenol in 2013 and has held various leadership roles, currently serving as President of the Interconnect and Sensor Systems Division. | 2024 |
William J. Doherty Executive | President, Communications Solutions Division | None | William J. Doherty has been with Amphenol for 21 years, holding various leadership roles within the company. | 2022 |
Anne Clarke Wolff Board | Director | None | Anne Clarke Wolff has deep experience in banking and corporate finance, having held senior roles at Bank of America and JP Morgan Chase. | 2018 |
David P. Falck Board | Presiding Director | Exeter Health Resources, Inc.; Exeter Hospital | David P. Falck has over 40 years of experience as a legal advisor, focusing on corporate governance and M&A transactions. | 2013 |
Edward G. Jepsen Board | Director | None | Edward G. Jepsen has been with Amphenol since 1989, serving as CFO until 2004. He is currently the Chair of the Audit Committee. | 1989 |
Martin H. Loeffler Board | Chairman of the Board | None | Martin H. Loeffler has been associated with Amphenol for over 50 years, contributing to its leadership and international expansion. He served as CEO from 1996 to 2008. | 1987 |
Nancy A. Altobello Board | Director | MarketAxess Holdings Inc.; Wex Inc.; Fidelity Charitable; National Mentoring Partnership; Fairfield University; Ports America; HR Acuity | Nancy A. Altobello brings expertise in audit and finance, having served as Global Vice Chair, Talent at Ernst & Young. | 2021 |
Robert A. Livingston Board | Director | RPM International Inc.; Spectrum Control; Museum of Science and Industry, Chicago | Robert A. Livingston has extensive experience in manufacturing and finance, having served as CEO of Dover Corporation. | 2018 |
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Despite your strong overall operating margins reaching a record 21.9% in the third quarter , the margin improvement was not significantly contributed by the CIT acquisition, which is still on its journey to reach company average margins ; can you provide more specifics on the timeline and actions planned to bring CIT's margins up to par, and what risks might prevent you from achieving this?
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You've indicated elevated capital expenditures in the third quarter and expect continued elevated levels in the fourth quarter to support growth in the IT datacom and defense markets ; given the potential for demand volatility in these markets, how are you mitigating the risk of overinvestment, and what return on investment are you targeting for these capital projects?
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With a strong book-to-bill ratio of 1.09:1 driven by large orders in IT datacom, defense, and commercial air, and acknowledging that some of these orders have a longer aperture to provide assurance for capital investments ; how confident are you in the stability of these orders, and what mechanisms are in place to protect against potential order cancellations or delays?
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While IT datacom saw exceptional growth of 60% year-over-year driven by AI-related demand , how are you addressing the potential concentration risk if this demand slows down, and what strategies are in place to diversify your revenue streams within this segment?
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Given the expected decline in automotive sales in the fourth quarter and only mid-single-digit growth for the full year 2024 , can you elaborate on the challenges you're facing in this market, particularly in Europe where sales declined, and what specific initiatives are you implementing to reinvigorate growth in the automotive segment?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company competes with this entity in all areas of its business, focusing on technology innovation, product quality and performance, price, customer service, and delivery time. | |
This competitor is part of the primary competition faced by the company across its business segments. | |
The company identifies this entity as a key competitor in its market. | |
This competitor is mentioned as one of the primary entities the company competes with in its industry. | |
Foxconn | The company lists this entity among its primary competitors in the market. |
Glenair | This competitor is included in the list of primary competitors faced by the company. |
HARTING | The company competes with this entity in its business operations. |
Hirose | This competitor is identified as one of the primary entities in competition with the company. |
HUBER+SUHNER | The company lists this entity as a key competitor in its industry. |
ICT Luxshare | This competitor is mentioned as part of the company's primary competition. |
JAE | The company identifies this entity as one of its primary competitors. |
Jonhon | This competitor is listed among the primary entities the company competes with. |
JST | The company includes this entity in its list of primary competitors. |
Molex | This competitor is identified as a key entity in competition with the company. |
Phoenix Contact | The company lists this entity as one of its primary competitors. |
Radiall | This competitor is mentioned as part of the company's primary competition. |
Rosenberger | The company identifies this entity as one of its key competitors. |
This competitor is included in the list of primary entities the company competes with. | |
The company lists this entity as a primary competitor in its market. | |
Yazaki | This competitor is identified as one of the primary entities in competition with the company. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
CommScope's Outdoor Wireless Networks & DAS businesses | 2025 | Completed on January 31, 2025, this acquisition involved a $2.1 billion cash purchase funded by senior notes, borrowings, and cash on hand. The acquired businesses, integrated into the Communications Solutions segment, are expected to generate $1.3 billion in sales for 2025 and be accretive to EPS. |
LifeSync Corporation | 2025 | Completed on January 31, 2025, LifeSync, a company focused on medical interconnect products with annual sales of approximately $100 million, is now part of the Harsh Environment Solutions segment. This strategic acquisition supports Amphenol’s expansion into the medical interconnect market. |
Carlisle Interconnect Technologies (CIT) | 2024 | Announced in January 2024 and completed in May 2024 for approximately $2.0 billion net of cash, CIT’s acquisition adds leading harsh environment interconnect solutions. The deal, funded by cash, senior notes, and borrowings, is expected to deliver $900 million in sales and positive EPS contribution. |
Lütze Europe | 2024 | Completed in early October 2024, Lütze Europe, with annual sales of about $100 million, is a leading provider of harsh environment cable and assembly solutions. The acquisition complements Amphenol’s product portfolio in the industrial market and is consolidated with Lütze US under the Harsh Environment Solutions segment. |
Unnamed Acquisition (Q1) | 2023 | Executed in Q1 2023 for approximately $113.2 million net of cash, this acquisition, included in the Harsh Environment Solutions segment, increased goodwill by $70 million with insignificant material financial impact. Preliminary purchase price allocation and acquisition-related expenses of $5.4 million were recognized, pending final adjustments. |
Unnamed Acquisition (Q2 – Harsh Environment Solutions) | 2023 | Closed in Q2 2023 as a bargain purchase funded through cash on hand and borrowings, this acquisition resulted in a non-cash gain of $5.4 million and was not material to overall financial results. Fair value assessments remain subject to final adjustments. |
Unnamed Acquisition (Q2 – Communications Solutions) | 2023 | This acquisition was part of six completed in the first nine months of 2023 with a total cost of approximately $292.6 million net of cash acquired. Recognized as a bargain purchase with a non-cash gain of $5.4 million, it was funded by cash and borrowings under the U.S. Commercial Paper Program and deemed not material individually. |
Connor Manufacturing Services | 2023 | Specializing in high-voltage busbars with annual sales of about $100 million, Connor Manufacturing Services was acquired to enhance Amphenol’s Interconnect and Sensor Systems segment. This strategic move bolsters Amphenol’s position in the electric vehicle market and expands its industrial footprint, with the company headquartered in Illinois. |
Q Microwave | 2023 | Closed in Q3 2023, Q Microwave, with annual sales of approximately $20 million, designs mission-critical RF components for military platforms and has been added to the Harsh Environment Solutions segment. The acquisition broadens Amphenol’s RF portfolio amid rising defense market demand. |
XMA Corporation | 2023 | XMA Corporation, generating about $15 million in annual sales, provides RF components for military and IT datacom markets. Now included in the Harsh Environment Solutions segment, this acquisition strengthens Amphenol’s position in the military RF product space. |
NPI Solutions, Inc. | 2022 | Acquired in Q2 2022, NPI Solutions, Inc., based in Morgan Hill, California, manufactures cable assemblies with annual sales of approximately $65 million. Funded through a mix of cash and borrowings under the U.S. Commercial Paper Program, this deal enhances Amphenol’s industrial market capabilities. |
Integrated Cable Assembly Holdings, Inc. (ICA) | 2022 | Completed in September 2022, ICA, with about $90 million in annual sales and a broad array of cable assembly products, strengthens Amphenol’s industrial electronics offering. With factories across the U.S. and Mexico, this acquisition enhances local customer support and strategic growth. |
Recent developments and announcements about APH.
Earnings
New Earnings (Q4 2024)
·Jan 24, 2025, 12:13 AMView full earnings summary →APH Q4 highlights: Defense sales +16% YOY, IT datacom +76% YOY on AI tailwinds. Acquisitions weigh on conversion margins yet drive EPS gains. Uncertain Europe industrial demand clouds outlook. PMs should watch for AI-driven growth, margin improvements.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMFinancial ExhibitsRegulation FD DisclosureView full 8-K filing →Amphenol completed its acquisition of CommScope’s OWN and DAS businesses, anticipated to drive full-year 2025 sales of approximately $1.3B and about 0.06 EPS accretion (excl. acquisition costs). The Lifesync deal adds ~$100M in annual sales.
Press Releases
Press Release
·Feb 18, 2025, 1:56 PMView full press release →Amphenol completed the acquisition of LifeSync, which grew revenues from $5M to $100M under HealthEdge’s oversight. This transaction underscores solid growth in patient monitoring and contract manufacturing.