Amphenol Corporation (APH)

Sector: Technology|Industry: Electronic Components|Market Cap: $84.51B|Employees: 95K


Amphenol Corporation is a global leader in designing, manufacturing, and marketing electrical, electronic, and fiber optic connectors and interconnect systems. The company's core business model revolves around providing a broad selection of products and high-quality service to diverse end markets, including automotive, aerospace, industrial, and communications. Amphenol leverages its global presence and technological expertise to maintain a competitive edge in the interconnect and sensor markets.

  1. Filings
  2. Company Profile

Business Summary

Amphenol Corporation is a global leader in designing, manufacturing, and marketing electrical, electronic, and fiber optic connectors, interconnect systems, antennas, sensors, and high-speed specialty cables. The company's core business model focuses on providing comprehensive design capabilities, a wide range of products, and high-quality service to customers worldwide. Amphenol leverages its technology across diverse markets, reducing its reliance on any single sector. They have a significant global presence with operations in approximately 40 countries.

Key Statistics

  • Employees: 95,000 (as of December 31, 2023)
  • Geographic Footprint: Approximately 40 countries
  • Headquarters: Wallingford, Connecticut
  • Founded: 1932 (predecessor businesses), 1986 (incorporated)
  • Revenue: $12.55 billion (FY2023)
  • Market Capitalization: $44.189 billion (as of June 30, 2023)
  • Key Subsidiaries/Brands: Not explicitly listed in the 10-K

Leadership

  • CEO: R. Adam Norwitt
  • CFO: Craig A. Lampo
  • Board Chair: Martin H. Loeffler

Key executives include the CEO, CFO, and Board Chair. The 10-K does not provide specific tenure or background information for these executives.

Key Financial Metrics

  • Annual Revenue: $12.55 billion (FY2023)
  • Net Income: $1.928 billion (FY2023)
  • Market Cap: $44.189 billion (as of June 30, 2023)
  • Total Assets: $16.5 billion (as of December 31, 2023)
  • Employees: 95,000 (as of December 31, 2023)
  • Key Financial Highlights: Net sales decreased by 1% from 2022, while net income increased by 1%.

Products and Services

Amphenol offers a broad range of products across three main categories:

  • Connectors and Interconnect Systems: Electrical, electronic, and fiber optic connectors and interconnect systems.
  • Antennas: Antennas for various applications.
  • Sensors and Sensor-based Products: A variety of sensors and sensor-based systems.
  • Specialty Cable: Coaxial and high-speed specialty cable.

Key Business Segments

Amphenol operates through three reportable business segments:

  • Harsh Environment Solutions: Designs, manufactures, and markets ruggedized interconnect products (28% of 2023 net sales).
  • Communications Solutions: Designs, manufactures, and markets connector and interconnect systems, including high-speed, radio frequency, power, and fiber optic products, along with antennas (39% of 2023 net sales).
  • Interconnect and Sensor Systems: Designs, manufactures, and markets sensors, sensor-based systems, connectors, and value-add interconnect systems (33% of 2023 net sales).

Business Strategy

Amphenol's strategy is focused on providing comprehensive design capabilities, a broad product selection, and high-quality service while maintaining productivity and cost control. Key strategic initiatives include:

  • Broad market diversification
  • Developing high-technology solutions
  • Expanding global presence
  • Controlling costs
  • Pursuing strategic acquisitions and investments
  • Fostering a collaborative, entrepreneurial management culture

Industry Context

Amphenol operates in the global interconnect and sensor market. Key aspects of the industry include:

  • Primary Industry: Electrical, electronic, and fiber optic connectors and interconnect systems, antennas, sensors, and specialty cable.
  • Market Trends: The market is characterized by rapid technological changes, increasing demand for high-speed and reliable connections, and a growing need for sensors and advanced interconnect solutions.
  • Key Competitors: Aptiv, Belden, Commscope, Eaton, Foxconn, Glenair, HARTING, Hirose, HUBER+SUHNER, ICT Luxshare, JAE, Jonhon, JST, Molex, Phoenix Contact, Radiall, Rosenberger, Sensata, TE Connectivity, Yazaki and 3M.

Risk Factors

  • Global Operations Risks: Exposure to political, economic, and military risks in countries outside the U.S., including changes in trade policies and tariffs.
  • Supply Chain Risks: Difficulties in obtaining raw materials and components, increasing costs, and potential supply shortages.
  • Cybersecurity Risks: Potential disruptions from cybersecurity incidents, data breaches, and unauthorized access to systems.
  • Competition Risks: Intense competition in all areas of business, including technology innovation, product quality, price, and customer service.
  • Acquisition Risks: Challenges in integrating acquired businesses and potential impairments to goodwill and other intangible assets.

Last Updated

2024-02-07

(Generated from latest 10-K filing)