European manufacturers know this plot: A once proud industry under cost pressure from foreign – chiefly Asian – competitors, jettisons its mass market.
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Amphenol Reports Q1 2021 Results, Announces New Stock Repurchase Program
Amphenol Corporation has reported first quarter 2021 results and announced a new three-year, $2 billion stock repurchase program.
First Quarter 2021 Highlights:
1 compared to the first quarter 2020
GAAP diluted EPS of $0.53, up 33% compared to the prior year period
Adjusted Diluted EPS
Operating margin of 19.6%
1 of $243 million
Closed on the acquisition of MTS Systems Corporation
Announces a new three-year, $2 billion open market stock repurchase program
“I am very proud that our team drove results that significantly exceeded our expectations in the first quarter 2021, while still prioritizing the safety and health of our employees worldwide amidst the ongoing COVID-19 pandemic,” said Amphenol President and Chief Executive Officer, R. Adam Norwitt.