Amphenol Corporation's Stock Analysis

Amphenol Issues $7.4 Billion in Senior Notes for Acquisition

Amphenol Corporation has successfully issued a total of $7.4 billion in various series of senior notes, including floating rate notes and fixed rate notes, due between 2027 and 2055. The company plans to utilize the net proceeds from this offering, along with existing cash and other borrowings, to fund the acquisition of CommScope Holding Company, Inc.'s Connectivity and Cable Solutions businesses. The notes were sold through an underwritten public offering and are secured by an indenture agreement.

The interest rates on the notes vary, with the floating rate notes linked to Compounded SOFR plus a margin, while fixed rate notes range from 3.800% to 5.300%. Interest payments will be made semi-annually or quarterly, depending on the series. The company has also outlined terms for potential redemptions of the notes, which include a special mandatory redemption if the acquisition is not completed by a specified date. The notes rank equally with Amphenol's other unsecured senior debts.

Nov 10, 2025 16:39:17

Amphenol Announces $5.75 Billion Senior Notes Offering Details

Amphenol Corporation has entered into an underwriting agreement for the sale of $5.75 billion in senior notes, comprising various series with maturities ranging from 2027 to 2055. The offering includes $500 million in floating rate senior notes and multiple senior notes with fixed interest rates between 3.800% and 5.300%. The closing of the offering is anticipated on November 10, 2025, pending customary closing conditions.

The proceeds from the notes will be used to finance Amphenol's acquisition of CommScope Holding Company's Connectivity and Cable Solutions businesses, specifically targeting its Data Center Connectivity Solutions, Broadband Communications, and Building Connectivity Solutions sectors. The notes may be subject to mandatory redemption if the acquisition is not completed by a specified date. The offering is being managed by several financial institutions, including J.P. Morgan Securities and BofA Securities.

Oct 28, 2025 08:00:38

Amphenol Reports Record Sales and Dividend Increase for Q3 2025

Amphenol Corporation reported record sales and adjusted diluted earnings per share (EPS) for the third quarter of 2025, with sales increasing by 53% year-over-year, driven by strong growth across various end markets, particularly in IT datacom. The company achieved an operating margin of 27.5% and returned approximately $354 million to shareholders through share repurchases and dividends. Notably, the Board of Directors approved a 52% increase in the quarterly dividend to $0.25 per share, scheduled for payment on January 7, 2026.

For the fourth quarter of 2025, Amphenol anticipates sales between $6.0 billion and $6.1 billion, reflecting a year-over-year increase of 39% to 41%. The company forecasts adjusted diluted EPS of $0.89 to $0.91, marking a significant increase from the previous year. Additionally, Amphenol expects full-year sales to range from $22.66 billion to $22.76 billion, representing a 49% to 50% increase, with adjusted diluted EPS anticipated between $3.26 and $3.28, a 72% to 74% rise compared to the prior year.

Oct 22, 2025 09:28:19

Amphenol Secures $4 Billion in Delayed Draw Term Loans

Amphenol Corporation has entered into two unsecured delayed draw term loan agreements totaling $4 billion. The first agreement is a three-year loan of $2 billion, while the second is a 364-day loan also amounting to $2 billion. Both loans are undrawn at closing and are intended to finance part of the acquisition of CommScope Holding Company's Connectivity and Cable Solutions business, along with associated costs and expenses.

The loans allow for repayment at any time without penalties, and the interest rates are determined based on Amphenol's debt rating. The financing structure aims to support the company’s strategic acquisition efforts, which could influence its market position and financial performance.

Aug 25, 2025 16:15:51

Amphenol to Acquire CommScope's Connectivity Business for $10.5 Billion

Amphenol Corporation has announced a definitive agreement to acquire the Connectivity and Cable Solutions (CCS) business from CommScope Holding Company for $10.5 billion in cash. This acquisition aims to enhance Amphenol's interconnect product capabilities, particularly in the IT datacom market, by adding fiber optic interconnect products that cater to artificial intelligence and data center applications. The CCS business includes three segments: Data Center Connectivity Solutions, Broadband Communications, and Building Connectivity Solutions, which together are expected to generate approximately $3.6 billion in sales with a 26% EBITDA margin in 2025.

The transaction will be financed through a combination of cash on hand and debt, with committed financing secured from several banks. It is anticipated to close in the first half of 2026, pending regulatory approvals and other conditions. The acquisition is expected to be accretive to Amphenol’s diluted earnings per share in the first full year after closing, excluding costs associated with the acquisition. Amphenol's leadership expressed confidence in the strategic fit of the CCS business within its existing portfolio and the potential to expand its market presence.

Aug 04, 2025 07:08:14

Amphenol Reports Record Sales and Earnings for Q2 2025

Amphenol Corporation announced its financial results for the second quarter of 2025, highlighting record sales and Adjusted Diluted Earnings Per Share (EPS) that exceeded guidance. Sales increased by 57% compared to the previous year, driven by strong growth across various markets, particularly in IT datacom. The company also achieved a record Adjusted Operating Margin of 25.6%. In a move to enhance shareholder value, Amphenol returned approximately $360 million to shareholders through stock buybacks and dividends during the quarter.

Looking ahead, Amphenol anticipates sales for the third quarter of 2025 to range between $5.4 billion and $5.5 billion, reflecting a year-over-year increase of 34% to 36%. The company expects Adjusted Diluted EPS to be between $0.77 and $0.79, marking an increase of 54% to 58% from the same quarter in 2024. Amphenol continues to focus on growth opportunities through innovation, market diversification, and its acquisition strategy, including the recent acquisition of Narda-MITEQ, which adds to its capabilities in the defense market.

Jul 23, 2025 10:58:09

Amphenol Issues €600 Million in Senior Notes for Debt Repayment

Amphenol Corporation announced the issuance of €600 million in Senior Notes with a 3.125% interest rate, due in 2032. The company plans to use the net proceeds of approximately €591.3 million from this offering, along with proceeds from a previous offering of $750 million in Senior Notes due 2028, to repay borrowings under its U.S. commercial paper program and for general corporate purposes.

The Senior Notes were sold through an underwritten public offering and are unsecured, unsubordinated, and rank equally with the company's other senior debts. Interest on the Notes will be paid annually starting June 16, 2026, and the company has the option to redeem the Notes under specific conditions prior to maturity. The terms of the issuance are governed by an indenture and an officers' certificate, which outline the covenants and events of default associated with the Notes.

Jun 16, 2025 16:03:41

Amphenol Corporation Issues $750 Million in Senior Notes

Amphenol Corporation has successfully issued and sold $750 million of 4.375% Senior Notes due 2028, with net proceeds of approximately $744.5 million intended for repaying borrowings under the U.S. commercial paper program and general corporate purposes. The offering was conducted through an underwritten public offering with Citigroup Global Markets Inc., Mizuho Securities USA LLC, and TD Securities (USA) LLC acting as underwriters. Interest on the Notes will be payable semi-annually starting December 12, 2025, and they will mature on June 12, 2028.

Additionally, the company announced the pricing of €600 million in 3.125% Senior Notes due 2032, with the closing expected on June 16, 2025, pending customary conditions. The completion of this Euro Notes Offering is independent of the U.S. Notes offering. The Notes are unsecured and rank equally with other senior indebtedness of the company. Further details regarding the terms of the Notes are included in the Indenture and Officers’ Certificate attached to the Current Report on Form 8-K.

Jun 12, 2025 16:16:53

Amphenol Prices €600 Million Euro-Denominated Senior Notes Offering

Amphenol Corporation has announced the pricing of its offering of €600 million in senior notes due 2032, with an interest rate of 3.125% per annum. The closing of this offering is expected on June 16, 2025, pending customary closing conditions. Additionally, the company previously priced a separate offering of $750 million in senior notes due 2028 at an interest rate of 4.375%, with a closing date anticipated for June 12, 2025. The completion of these offerings is independent of each other.

The net proceeds from both the Euro and USD notes offerings will be used to repay borrowings under Amphenol's U.S. commercial paper program and for general corporate purposes. The Euro Notes are being offered under the company's effective shelf registration statement with the SEC, and the company is working with BNP Paribas, Citigroup Global Markets Limited, and Commerzbank Aktiengesellschaft as joint book-running managers for the Euro Notes Offering.

Jun 12, 2025 06:00:38

Amphenol Prices $750 Million Senior Notes Offering at 4.375%

Amphenol Corporation has announced the pricing of its offering of $750 million in senior notes due 2028, with an interest rate of 4.375% per annum. The closing of this offering is expected on June 12, 2025, pending customary closing conditions. The company plans to use the net proceeds from this offering, along with a forthcoming euro-denominated notes offering, to repay borrowings under its U.S. commercial paper program and for general corporate purposes.

The offering is being managed by Citigroup Global Markets Inc., Mizuho Securities USA LLC, and TD Securities (USA) LLC. The senior notes are being offered under the company's effective shelf registration statement with the SEC. A prospectus supplement detailing the terms of the offering will be filed with the SEC, and copies will be available through the managing firms. This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes.

Jun 10, 2025 06:00:45