Amphenol Corp Files 2024 Annual Report

Ticker: APH · Form: 10-K · Filed: 2025-02-07T00:00:00.000Z

Sentiment: neutral

Topics: 10-K, annual-report, electronics

TL;DR

Amphenol's 2024 10-K is in. Check financials for connector giant.

AI Summary

Amphenol Corporation filed its 10-K for the fiscal year ending December 31, 2024. The company, headquartered in Wallingford, CT, is a manufacturer of electronic connectors. The filing details its financial performance and business operations for the period.

Why It Matters

This 10-K filing provides investors and analysts with a comprehensive overview of Amphenol Corporation's financial health and strategic direction for the past fiscal year.

Risk Assessment

Risk Level: low — This is a standard annual financial filing for a publicly traded company, providing routine disclosures.

Key Numbers

Key Players & Entities

FAQ

What is Amphenol Corporation's primary business?

Amphenol Corporation is primarily engaged in the manufacturing of electronic connectors, as indicated by its Standard Industrial Classification code 3678.

When did Amphenol Corporation's fiscal year end for this filing?

The fiscal year end for this filing was December 31, 2024.

On what date was this 10-K filed?

This 10-K was filed on February 7, 2025.

Where is Amphenol Corporation's business address?

Amphenol Corporation's business address is 358 Hall Ave, Wallingford, CT 06492.

What is the SEC file number for Amphenol Corporation?

The SEC file number for Amphenol Corporation is 001-10879.

Filing Stats: 4,150 words · 17 min read · ~14 pages · Grade level 19.5 · Accepted 2025-02-07 16:43:42

Key Financial Figures

Filing Documents

Business

Business 2 General 2 Reportable Business Segments 2 Our Strategy 4 Markets 5 Customers and Geographies 7 Manufacturing 8 Research and Development 8 Intellectual Property 9 Raw Materials 9 Competition 9 Backlog and Seasonality 10 Environmental Matters 10 Government Regulation 10 Human Capital Management and Our Culture 10 Sustainability Report 11 Available Information 12 Item 1A.

Risk Factors

Risk Factors 12 Item 1B. Unresolved Staff Comments 22 Item 1C. Cybersecurity 22 Item 2.

Properties

Properties 23 Item 3.

Legal Proceedings

Legal Proceedings 23 Item 4. Mine Safety Disclosures 23 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 24 Item 6. [Reserved] 26 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 48 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 50 Report of Independent Registered Public Accounting Firm 50 Consolidated Statements of Income 52 Consolidated Statements of Comprehensive Income 53 Consolidated Balance Sheets 54 Consolidated Statements of Changes in Equity 55 Consolidated Statements of Cash Flow 56

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 57 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 95 Item 9A.

Controls and Procedures

Controls and Procedures 95 Item 9B. Other Information 95 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 95 PART III Item 10. Directors, Executive Officers and Corporate Governance 96 Item 11.

Executive Compensation

Executive Compensation 96 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 96 Item 13. Certain Relationships and Related Transactions, and Director Independence 97 Item 14. Principal Accountant Fees and Services 97 PART IV Item 15. Exhibits and Financial Statement Schedules 98 Item 16. Form 10-K Summary 101

Signatures

Signatures 103 1 Table of Contents Cautionary Note Regarding Forward-Looking Statements This Annual Report on Form 10-K ("Annual Report") includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements are based on our management's assumptions and beliefs about future events or circumstances using information currently available, and, as a result, they are subject to risks and uncertainties. Forward-looking statements address events or developments that Amphenol Corporation (together with its subsidiaries, "Amphenol," the "Company," "we," "our," or "us") expects or believes may or will occur in the future. These forward-looking statements, which address the Company's expected business and financial performance and financial condition, among other matters, may contain words and terms such as: "anticipate," "believe," "commit," "continue," "could," "estimate," "expect," "forecast," "guidance," "intend," "look ahead," "may," "ongoing," "optimistic," "plan," "potential," "predict," "project," "seek," "should," "target," "will" or "would" and other words and terms of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about expected earnings, revenues, growth, liquidity, effective tax rate, interest rates, the expected timing for the closing of certain acquisitions or other matters. Although the Company believes the expectations reflected in all forward-looking statements are based upon reasonable assumptions, the expectations may not be attained or there may be material deviation. Readers and investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.

Business

Item 1. Business General Amphenol Corporation is one of the world's largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial, high-speed and specialty cable. The Company estimates, based on recent reports of industry analysts, that worldwide sales of interconnect and sensor-related products were approximately $250 billion in 2024. Certain predecessor businesses of the Company were founded in 1932, and the Company was incorporated under the laws of the State of Delaware in 1986. The Company's Class A Common Stock ("Common Stock") began trading on the New York Stock Exchange in 1991. Reportable Business Segments The Company's strategy is to provide our customers with comprehensive design capabilities, a broad selection of products and a high level of quality and service on a worldwide basis, while maintaining continuing programs of productivity improvement and cost control. The Company aligns its businesses into three reportable business segments: (i) Harsh Environment Solutions , (ii) Communications Solutions and (iii) Interconnect and Sensor Systems . This alignment and segment structure reinforces the Company's entrepreneurial culture and enables clear accountability of each of our business unit general managers, while enhancing the scalability of Amphenol's business for the future. The Company has three segment managers who lead their respective reportable business segments, each reporting directly to the Company's Chief Executive Officer. All segment information throughout this Annual Report is presented under our three reportable segments . 2 Table of Contents A description of each of our reportable business segments is as follows: Harsh Environment Solutions – the Harsh Environment Solutions segment designs, manufactures and markets a broad range of ruggedized interconnect products, including connectors and interconnect sy

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