Amphenol Corporation reported strong Q2 2024 results, with revenue increasing 18% YoY to $3.61 billion. Net income rose to $524.8 million, or $0.41 per diluted share. The company saw organic growth of 11%, driven by strength in IT datacom and defense markets. Adjusted operating margin expanded to 21.3% from 20.4% in Q2 2023.Amphenol completed two acquisitions in Q2, including Carlisle Interconnect Technologies for $1.99 billion. The company also issued $1.5 billion in new senior notes to help fund acquisitions. Free cash flow for the first half of 2024 grew to $1.03 billion, up from $877 million in the prior year period.On July 18, Amphenol announced an agreement to acquire CommScope's Mobile Networks Business for approximately $2.1 billion in cash. The deal, expected to close in H1 2025, will expand Amphenol's offerings in base station antennas and distributed antenna systems. Management views the acquisition as highly complementary to its existing wireless network portfolio.

Amphenol Corporation reported strong Q2 2024 results, with revenue increasing 18% YoY to $3.61 billion. Net income rose to $524.8 million, or $0.41 per diluted share. The company saw organic growth of 11%, driven by strength in IT datacom and defense markets. Adjusted operating margin expanded to 21.3% from 20.4% in Q2 2023.Amphenol completed two acquisitions in Q2, including Carlisle Interconnect Technologies for $1.99 billion. The company also issued $1.5 billion in new senior notes to help fund acquisitions. Free cash flow for the first half of 2024 grew to $1.03 billion, up from $877 million in the prior year period.On July 18, Amphenol announced an agreement to acquire CommScope's Mobile Networks Business for approximately $2.1 billion in cash. The deal, expected to close in H1 2025, will expand Amphenol's offerings in base station antennas and distributed antenna systems. Management views the acquisition as highly complementary to its existing wireless network portfolio.