Stock Analysis on Net
Stock Analysis on Net

Amphenol Corp. (NYSE:APH)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 26, 2024.

Common-Size Income Statement
Quarterly Data

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Amphenol Corp., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net sales
Cost of sales
Gross profit
Acquisition-related expenses
Selling, general and administrative expenses
Operating income
Interest expense
Gain on bargain purchase acquisition
Loss on early extinguishment of debt
Other income (expense), net
Income from continuing operations before income taxes
Provision for income taxes
Net income from continuing operations
Income from discontinued operations, net of income taxes
Net income
Net income attributable to noncontrolling interests
Net income attributable to Amphenol Corporation

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Cost of Sales and Gross Profit
Cost of sales as a percentage of net sales fluctuated slightly over the periods, generally trending downward from around -67.9% in early 2019 to about -66.6% by the first quarter of 2024. Correspondingly, gross profit margins showed a mild upward trend, increasing from approximately 32.1% in early 2019 to 33.4% by Q1 2024, indicating gradual improvement in production efficiency or pricing power.
Acquisition-related Expenses
Acquisition-related expense percentages were inconsistent with several quarters showing no data. When present, these expenses mostly ranged between -0.84% to -0.13% of net sales, with a noticeable peak around Q3 2021 at -2.09%, suggesting episodic acquisition activity impacting operating costs.
Selling, General and Administrative Expenses (SG&A)
SG&A expenses fluctuated moderately within a range from about -13.1% to -10.96% of net sales. They peaked near Q2 2020 and have shown a slight increasing trend towards the end of the period. This suggests some variability in overhead or marketing expenditures without a clear trend of reduction or expansion over the entire timeframe.
Operating Income
Operating income as a percentage of net sales showed variability but an overall positive trend. Starting near 19.2% in early 2019, there was a dip during early 2020 to approximately 17%, likely influenced by cost pressures, then a rebound to surpass 21% by Q1 2024. This improvement reflects effective operational management and margin enhancement efforts.
Interest Expense
Interest expenses consistently decreased over time from about -1.52% in early 2019 to around -1.17% by the first quarter of 2024, indicating potential debt reduction or lower borrowing costs.
Other Income (Expense), Net
Other income as a percentage of net sales showed a gradual increase from near zero or slightly positive in the earlier periods to about 0.49% by Q1 2024, suggesting improved non-operating income or reduced expenses contributing positively to results.
Income Before Taxes and Provision for Income Taxes
Income before income taxes exhibited fluctuations following operating income trends, with a decline during early 2020 followed by steady growth, reaching approximately 20.35% in Q1 2024. The provision for income taxes showed variability but no consistent direction, generally ranging from about -4.6% to -2.5%, impacting net profitability accordingly.
Net Income and Related Measures
Net income as a percentage of net sales closely followed net income from continuing operations. This measure dipped around early 2020 but showed a robust recovery and increase to 16.95% by Q1 2024. Net income attributable to Amphenol Corporation mirrored this pattern, indicating an overall improvement in profitability available to shareholders. The share of net income attributable to noncontrolling interests remained relatively stable and low throughout the periods assessed.
Discontinued Operations
Income from discontinued operations was recorded intermittently and at minimal levels, suggesting that it did not materially affect the overall income trends.