Amphenol Corporation reported robust financial results for Q3 2024, with net sales reaching $4,038.8 million, a 26% increase year-over-year. The growth was driven by strong organic growth in the Communications Solutions segment and moderate growth in other segments, along with contributions from acquisitions.Operating income rose to $819.5 million, or 20.3% of net sales, compared to $657.9 million, or 20.6% of net sales, in Q3 2023. Adjusted operating income, excluding acquisition-related expenses, was $883.1 million or 21.9% of net sales. Net income attributable to Amphenol Corporation increased to $604.4 million, or $0.48 per diluted share, up from $513.9 million, or $0.41 per diluted share, in the prior year period.The company maintained a strong liquidity position with $1,583.3 million in cash and short-term investments as of September 30, 2024. Amphenol also announced the completion of two acquisitions during the first nine months of 2024, including the significant acquisition of Carlisle Interconnect Technologies for approximately $1,995.3 million. Looking ahead, the company expects to close its acquisition of CommScope's Mobile Networks Business in Q1 2025 for approximately $2,100 million.

Amphenol Corporation reported robust financial results for Q3 2024, with net sales reaching $4,038.8 million, a 26% increase year-over-year. The growth was driven by strong organic growth in the Communications Solutions segment and moderate growth in other segments, along with contributions from acquisitions.Operating income rose to $819.5 million, or 20.3% of net sales, compared to $657.9 million, or 20.6% of net sales, in Q3 2023. Adjusted operating income, excluding acquisition-related expenses, was $883.1 million or 21.9% of net sales. Net income attributable to Amphenol Corporation increased to $604.4 million, or $0.48 per diluted share, up from $513.9 million, or $0.41 per diluted share, in the prior year period.The company maintained a strong liquidity position with $1,583.3 million in cash and short-term investments as of September 30, 2024. Amphenol also announced the completion of two acquisitions during the first nine months of 2024, including the significant acquisition of Carlisle Interconnect Technologies for approximately $1,995.3 million. Looking ahead, the company expects to close its acquisition of CommScope's Mobile Networks Business in Q1 2025 for approximately $2,100 million.