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.
linkAug 04, 2025 07:08:14
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.
linkJul 23, 2025 10:58:09
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.
linkJun 16, 2025 16:03:41
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.
linkJun 12, 2025 16:16:53
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.
linkJun 12, 2025 06:00:38
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.
linkJun 10, 2025 06:00:45
Amphenol Corporation announced record sales and Adjusted Diluted EPS for the first quarter of 2025, with sales increasing by 48% compared to the previous year. The growth was attributed to strong performance in the IT datacom, mobile devices, defense, and communications networks markets, alongside contributions from recent acquisitions. The company also achieved a record Adjusted Operating Margin of 23.5% and returned approximately $380 million to shareholders through stock buybacks and dividends during the quarter.
Looking ahead, Amphenol expects second-quarter sales between $4.90 billion and $5.00 billion, reflecting a 36% to 39% increase year-over-year, with Adjusted Diluted EPS anticipated to rise by 45% to 50% compared to the same period in 2024. The company recently completed acquisitions of LifeSync and CommScope's OWN and DAS businesses, with the latter now expected to contribute more positively to earnings than initially projected. The outlook remains cautious due to ongoing economic and geopolitical uncertainties.
linkApr 23, 2025 09:21:22
Amphenol Corporation has successfully finalized the acquisition of CommScope’s Outdoor Wireless Networks and Distributed Antenna Systems businesses, which is expected to enhance its technology portfolio in communications networks. This acquisition will add nearly 4,000 employees to Amphenol and is projected to generate approximately $1.3 billion in sales for the full year of 2025. Additionally, Amphenol has also acquired Lifesync Corporation, which brings in around $100 million in annual sales, further expanding its offerings in medical applications.
Despite these positive developments, there are potential risks associated with the integration of the acquired businesses, including challenges in employee retention and disruptions to current operations. The press release also highlights various uncertainties that could impact future performance, such as economic conditions, cybersecurity threats, and regulatory changes. These factors may hinder the expected growth and financial performance following the acquisitions.
linkFeb 03, 2025 08:15:45
Amphenol Corporation announced record fourth quarter and full year results for 2024, with sales soaring 30% in the fourth quarter and 21% for the entire year, driven by growth in various sectors including IT datacom and mobile devices. The company achieved a record Adjusted Operating Margin of 22.4% for the fourth quarter and 21.7% for the full year. Additionally, Amphenol returned nearly $1.3 billion to shareholders through stock buybacks and dividends during 2024, reflecting its commitment to enhancing shareholder value.
On the downside, the company faced increased costs, with cost of sales rising significantly in line with the higher sales figures. Interest expenses also grew, amounting to $217 million for the full year, compared to $139.5 million in the prior year. Furthermore, the press release mentioned various risks and uncertainties that could impact future performance, including geopolitical risks and challenges related to supply chains and cybersecurity threats.
linkJan 22, 2025 10:00:25
Amphenol Corporation successfully issued $250 million of 5.050% Senior Notes due 2027, $750 million of 5.000% Senior Notes due 2035, and $500 million of 5.375% Senior Notes due 2054, totaling approximately $1.477 billion in net proceeds. The funds will be used for the acquisition of the Outdoor Wireless Networks segment and the Distributed Antenna Systems business from CommScope Holding Company, along with covering related fees and expenses. Additionally, the proceeds may support general corporate purposes, including the repayment of existing notes due in 2025.
However, there are conditions tied to the acquisition that could trigger a special mandatory redemption of the 2035 and 2054 Notes if the acquisition does not close as planned. The Notes are unsecured and rank equally with other senior debts of the company, which may present risks if the acquisition does not proceed, potentially impacting the company's financial obligations and future liquidity.
linkOct 31, 2024 16:41:43