Amphenol Corp (NYSE:APH) reported a fiscal fourth-quarter 2024 sales increase of 30% year-on-year to $4.32 billion, topping the analyst consensus estimate of $4.07 billion.

Adjusted EPS of 55 cents beat the analyst consensus estimate of 50 cents. The stock surged after the print.

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The adjusted operating margin for the quarter was 22.4% versus 21.2% a year ago.

Amphenol held $3.34 billion in cash and equivalents as of December 31.

CEO R. Adam Norwitt said the quarterly sales growth reflected robust organic growth in the IT datacom, mobile networks, commercial air, mobile devices, broadband, and defense markets, as well as contributions from the company’s acquisition program.

The company expects to close on acquiring CommScope’s OWN and DAS businesses during the first quarter of 2025.

Outlook: Amphenol expects first-quarter sales of $4.00 billion-$4.10 billion. This represents a 23%-26% increase over the prior-year quarter, and the street view pegs expectations at $3.93 billion.

The company sees adjusted EPS of $0.49–$0.51, representing a 23%–28% increase Y/Y. The analyst consensus stands at $0.48.

Amphenol stock surged over 48% in the last 12 months. Investors can gain exposure to the stock through SmartETFs Smart Transportation & Technology ETF (NYSE:MOTO) and Advisors Series Trust Logan Capital Broad Innovative Growth ETF (NYSE:LCLG).

Price Action: APH stock is up 5.42% at $76.66 at the last check on Wednesday.

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