Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

净销售额 - 2024年第一季度，公司净销售额为32.563亿美元，同比增长9%[72] - 2024年第一季度，Amphenol公司的净销售额达到32.563亿美元，同比增长9%[73] - Harsh Environment Solutions部门的净销售额为9.16亿美元，同比增长7%[73] - Communications Solutions部门的净销售额为12.657亿美元，同比增长12%[73] - Interconnect and Sensor Systems部门的净销售额为10.746亿美元，同比增长8%[73] - 美国地区的净销售额为11.131亿美元，同比增长6%[73] - 海外地区的净销售额为21.432亿美元，同比增长12%[73] 营运利润 - Amphenol公司2024年第一季度的营运利润为6.848亿美元，占净销售额的21.0%[77] 调整后净收入 - Amphenol公司2024年第一季度的调整后净收入为5.004亿美元，调整后每股收益为0.80美元[81] 现金流 - 公司在2024年第一季度的经营活动现金流为599.5亿美元，较2023年同期的532.4亿美元有所增长[86] - 公司在2024年第一季度的投资活动中，净现金流出为17.0亿美元，较2023年同期的净现金流出256.6亿美元有所减少[88] - 公司在2024年第一季度的融资活动中，净现金流出为176.2亿美元，较2023年同期的净现金流出265.4亿美元有所减少[88] 股票回购和收购 - 公司通过欧洲商业票据计划发行短期无担保商业票据，最大总额为2,000.0美元[93] - 公司拥有多项未偿还的优先票据，包括2024年到2031年到期的票据[93] - 公司于2024年4月1日偿还了3.20%的优先票据[93] - 公司于2024年4月5日发行了三个系列的优先票据，用于收购Carlisle Interconnect Technologies业务[93] - 公司于2021年4月27日董事会授权了股票回购计划，回购了公司的普通股[94] - 公司于2024年1月30日达成协议，同意以2,025美元现金收购Carlisle的CIT业务[97] - 公司在2023年完成了10项收购，总价约为970.4美元，其中一项为特价收购[97] - 公司在2023年和2024年分别实施了股票回购计划[97] 非GAAP财务指标 - 公司使用非GAAP财务指标来评估公司的财务表现和趋势[100] - 公司的非GAAP财务指标包括调整后的每股收益、调整后的净利润、调整后的营业利润等[100] 销售增长率 - 公司将净销售增长率分为实际销售增长率、有机净销售增长率和恒定货币净销售增长率三种方式进行评估[105] - 有机净销售增长率排除了外汇汇率变动和收购的影响，反映了公司的实际销售增长情况[108] 自由现金流 - 自由现金流被定义为经营活动提供的净现金流量减去资本支出，是公司的重要流动性指标，用于评估公司的现金生成能力[107]

财务数据和关键指标变化 - 公司第一季度销售额为32.56亿美元,同比增长9%,环比下降2% [1][2] - 公司第一季度调整后每股收益为0.80美元,同比增长16% [1][2] - 公司第一季度GAAP和调整后营业利润率分别为21%,同比分别增加110个和90个基点 [1][2] 各条业务线数据和关键指标变化 - 恶劣环境解决方案业务销售额为9.16亿美元,同比增长7%,毛利率为26.7% [2] - 通信解决方案业务销售额为12.66亿美元,同比增长12%,毛利率为22.6% [2] - 互连和传感系统业务销售额为10.75亿美元,同比增长8%,毛利率为18.2% [2] 各个市场数据和关键指标变化 - 国防市场销售额增长13%,占总销售额11% [3] - 商用航空市场销售额增长20%,占总销售额4% [3] - 工业市场销售额下降1%,占总销售额25% [3] - 汽车市场销售额增长18%,占总销售额24% [3] - 移动设备市场销售额持平,占总销售额8% [3] - 移动网络市场销售额下降13%,占总销售额3% [3] - 信息技术和数据通信市场销售额增长29%,占总销售额21% [3] - 宽带市场销售额下降19%,占总销售额4% [3] 公司战略和发展方向及行业竞争 - 公司完成收购卡莱尔互连技术(CIT)的交易,预计将于第二季度完成,将为公司带来长期增长机会 [2][3][4] - 公司在人工智能数据中心应用领域保持领先地位,未来将继续受益于这一趋势 [6][7][8] - 公司在汽车电子、国防和商用航空等领域保持强劲增长,体现了公司产品和技术的竞争优势 [3][4] 管理层对经营环境和未来前景的评论 - 管理层对公司在人工智能、汽车电子、国防和商用航空等领域的发展前景保持乐观 [3][6][7][8] - 管理层表示将继续保持灵活的资本配置策略,包括并购和股票回购,以推动公司长期发展 [9][10] - 管理层对公司在当前动荡的宏观环境下的执行能力表示自信,将继续保持敏捷应对 [1][2] 问答环节重要的提问和回答 问题1 **分析师提问公司在人工智能领域的竞争优势** - 公司在高速互连、信号完整性等关键技术上积累了多年经验,能够为客户提供高度优化的互连解决方案 [6][7][8] - 公司将持续加大在这些领域的产能投入,以满足客户快速增长的需求 [8][9] 问题2 **分析师询问公司未来并购和资本配置策略** - 公司将保持灵活的资本配置策略,并购和股票回购并重,以推动公司长期发展 [9][10] - 即便完成大型收购,公司仍有足够的财务实力和灵活性继续进行并购和回购 [9][10] 问题3 **分析师关注公司毛利率水平及其可持续性** - 公司专注于为客户创造价值,只要能为客户创造足够价值,就能获得合理的利润空间 [14] - 公司的组织架构和激励机制有利于管理层做出审慎的资本投资决策,确保投资产生良好回报 [14]

成长投资 - 成长投资者关注具有高于平均财务增长的股票，因为这一特征有助于吸引市场关注并实现稳健回报[1] - 寻找优秀的成长股并不容易，这类股票本质上具有高于平均风险，可能会因增长故事结束而亏损[2] Zacks Growth Style Score - 利用Zacks Growth Style Score可以更轻松地找到前沿成长股，该评分系统超越传统成长属性，分析公司的真实增长前景[3] Amphenol (APH) - Amphenol (APH)是我们专有系统目前推荐的股票之一，除了有利的Growth Score外，还具有顶级的Zacks Rank[4]

Amphenol’s (APH) first-quarter 2024 adjusted earnings of 80 cents per share beat the Zacks Consensus Estimate by 8.11%. The earnings figure increased 16% year over year.Net sales increased 9.5% year over year to $3.26 billion and beat the consensus mark by 5.81%. Organically, net sales increased 6%.The top line benefited from higher revenues across the commercial air, defense, automotive and IT datacom end-markets.Quarterly DetailsHarsh Environment Solutions’ (28.1% of net sales) sales came in at $916 milli ...

For the quarter ended March 2024, Amphenol (APH) reported revenue of $3.26 billion, up 9.5% over the same period last year. EPS came in at $0.80, compared to $0.69 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.08 billion, representing a surprise of +5.81%. The company delivered an EPS surprise of +8.11%, with the consensus EPS estimate being $0.74.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

Exhibit 99.1 Amphenol News Release World Headquarters 358 Hall Avenue Wallingford, CT 06492 Telephone (203) 265-8900 AMPHENOL REPORTS FIRST QUARTER 2024 RESULTS AND ANNOUNCES NEW STOCK REPURCHASE PROGRAM First Quarter 2024 Highlights: ● Sales of $3.26 billion, up 9% in U.S. dollars and 6% organically compared to the first quarter of 2023 ● GAAP Diluted EPS of $0.87, up 23% compared to prior year ● Adjusted Diluted EPS of $0.80, up 16% compared to prior year ● GAAP and Adjusted Operating Margin of 21.0% ● Op ...

Amphenol (APH) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.11%. A quarter ago, it was expected that this maker of fiber-optic products would post earnings of $0.77 per share when it actually produced earnings of $0.82, delivering a surprise of 6.49%.Over the last four quarters, ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Amphenol (APH) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 24, 2024, might help the stock move higher if these key numbers are better than expectati ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...