Record Sales and Revenue Growth
Amphenol reported record sales of $4.318 billion in Q4 2024, with a 30% increase in U.S. dollars and local currencies and a 20% organic growth compared to Q4 2023. Full year 2024 sales reached $15.223 billion, up 21% in U.S. dollars and local currencies, and 13% organically.
Strong Order Book and Book-to-Bill Ratio
Orders in Q4 2024 were a record $5.14 billion, up 58% from the previous year and 14% sequentially, resulting in a strong book-to-bill ratio of 1.16:1. Full year orders were $16.835 billion, up 37% from 2023, with a book-to-bill ratio of 1.11:1.
Record Operating Margins
Adjusted operating margin for Q4 2024 was a record 22.4%, up 120 basis points year-over-year and 50 basis points sequentially. Full year adjusted operating margin was also a record at 21.7%, up 100 basis points from 2023.
Significant Growth in Communications Solutions Segment
Sales in the Communications Solutions segment increased by 43% in Q4 2024 in U.S. dollars and 42% organically, with a segment operating margin of 26%.
Successful Acquisition Strategy
Completed the acquisition of Carlisle Interconnect Technologies and Lutze, adding over $1 billion in annualized sales. The acquisition of the Andrew businesses from CommScope is expected to close in Q1 2025.