Amphenol Corp 10-Q for FY2024 Q1

Amphenol Corp (APH)

10-Q 2024-04-26 For: 2024-03-31

Added on April 09, 2026

About this 10-Q

Amphenol Corp filed this 10-Q on April 26, 2024, covering the quarter ended March 31, 2024 (FY2024 Q1).

Headline figures

Quarter ended March 31, 2024, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $3.26B; up 9.5% from $2.97B a year earlier
Net income: $548.7M; up 24.9% from net income of $439.2M a year earlier
Diluted EPS: $0.87; up 22.5% from $0.71 a year earlier

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☒		QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

		For the quarterly period ended March 31, 2024 OR

☐		TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


Delaware	22-2785165
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)



Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, $0.001 par value	APH	New York Stock Exchange


Large Accelerated Filer ☒	Accelerated Filer ☐

Non-accelerated Filer ☐	Smaller Reporting Company ☐
	Emerging Growth Company ☐

		Page

Part I	Financial Information

Item 1.	Financial Statements (unaudited):

	Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023	2

	Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2024 and 2023	3

	Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2024 and 2023	4

	Condensed Consolidated Statements of Cash Flow for the Three Months Ended March 31, 2024 and 2023	5

	Notes to Condensed Consolidated Financial Statements	6

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	23

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	37

Item 4.	Controls and Procedures	38

Part II	Other Information

Item 1.	Legal Proceedings	39

Item 1A.	Risk Factors	39

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	39

Item 3.	Defaults Upon Senior Securities	40

Item 4.	Mine Safety Disclosures	40

Item 5.	Other Information	40

Item 6.	Exhibits	41

Signature		44


	March 31,		December 31,
	2024		2023
ASSETS
Current Assets:
Cash and cash equivalents	$	1,857.1	$	1,475.0
Short-term investments		106.4		185.2
Total cash, cash equivalents and short-term investments		1,963.5		1,660.2
Accounts receivable, less allowance for doubtful accounts of $68.0 and $68.4, respectively		2,501.4		2,618.4
Inventories		2,152.9		2,167.1
Prepaid expenses and other current assets		423.9		389.6
Total current assets		7,041.7		6,835.3

Property, plant and equipment, less accumulated depreciation of $2,304.1 and $2,261.8, respectively		1,311.6		1,314.7
Goodwill		7,100.5		7,092.4
Other intangible assets, net		785.4		834.8
Other long-term assets		483.3		449.2
Total Assets	$	16,722.5	$	16,526.4

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current Liabilities:
Accounts payable	$	1,264.7	$	1,350.9
Accrued salaries, wages and employee benefits		351.2		412.8
Accrued income taxes		150.9		166.0
Accrued dividends		132.1		131.7
Other accrued expenses		771.7		737.5
Current portion of long-term debt		752.5		353.8
Total current liabilities		3,423.1		3,152.7

Long-term debt, less current portion		3,556.9		3,983.5
Accrued pension and postretirement benefit obligations		142.1		143.0
Deferred income taxes		371.0		367.0
Other long-term liabilities		464.8		453.7
Total Liabilities		7,957.9		8,099.9

Redeemable noncontrolling interests		30.9		30.7

Equity:
Common stock		0.6		0.6
Additional paid-in capital		3,224.1		3,101.2
Retained earnings		6,163.5		5,921.1
Treasury stock, at cost		(103.8)		(142.8)
Accumulated other comprehensive loss		(602.9)		(533.6)
Total stockholders’ equity attributable to Amphenol Corporation		8,681.5		8,346.5

Noncontrolling interests		52.2		49.3
Total Equity		8,733.7		8,395.8
Total Liabilities, Redeemable Noncontrolling Interests and Equity	$	16,722.5	$	16,526.4


	Three Months Ended
	March 31,
	2024		2023
Net sales	$	3,256.3	$	2,974.0
Cost of sales		2,167.3		2,030.6
Gross profit		1,089.0		943.4
Acquisition-related expenses		—		5.4
Selling, general and administrative expenses		404.2		346.3
Operating income		684.8		591.7

Interest expense		(38.1)		(35.9)
Other income (expense), net		16.0		4.1
Income before income taxes		662.7		559.9
Provision for income taxes		(110.7)		(117.2)
Net income		552.0		442.7
Less: Net income attributable to noncontrolling interests		(3.3)		(3.5)
Net income attributable to Amphenol Corporation	$	548.7	$	439.2

Net income attributable to Amphenol Corporation per common share — Basic	$	0.91	$	0.74

Weighted average common shares outstanding — Basic		600.0		595.1

Net income attributable to Amphenol Corporation per common share — Diluted	$	0.87	$	0.71

Weighted average common shares outstanding — Diluted		627.9		619.9


	Three Months Ended March 31,
	2024		2023
Cash from operating activities:
Net income	$	552.0	$	442.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		103.8		96.3
Stock-based compensation expense		23.8		21.7
Deferred income tax provision		1.9		0.1
Net change in components of working capital		(73.9)		(23.8)
Net change in other long-term assets and liabilities		(8.1)		(4.6)
Net cash provided by operating activities		599.5		532.4

Cash from investing activities:
Capital expenditures		(94.3)		(97.7)
Proceeds from disposals of property, plant and equipment		0.5		0.8
Purchases of investments		(11.9)		(56.7)
Sales and maturities of investments		87.6		10.0
Acquisitions, net of cash acquired		—		(113.2)
Other, net		1.1		0.2
Net cash used in investing activities		(17.0)		(256.6)

Cash from financing activities:
Proceeds from issuance of senior notes and other long-term debt		—		350.2
Repayments of senior notes and other long-term debt		(1.1)		(3.1)
(Repayments) borrowings under commercial paper programs, net		—		(387.5)
Payment of costs related to debt financing		(2.9)		(2.3)
Purchase of treasury stock		(153.8)		(166.9)
Proceeds from exercise of stock options		113.3		74.3
Distributions to and purchases of noncontrolling interests		—		(5.2)
Dividend payments		(131.7)		(124.9)
Net cash used in financing activities		(176.2)		(265.4)

Effect of exchange rate changes on cash and cash equivalents		(24.2)		7.6

Net increase in cash and cash equivalents		382.1		18.0
Cash and cash equivalents balance, beginning of period		1,475.0		1,373.1

Cash and cash equivalents balance, end of period	$	1,857.1	$	1,391.1

Cash paid for:
Interest	$	32.8	$	34.9
Income taxes, net		130.1		116.1


	March 31, 2024				December 31, 2023
	Carrying		Approximate		Carrying		Approximate
	Amount		Fair Value		Amount		Fair Value
Revolving Credit Facility	$	—	$	—	$	—	$	—
U.S. Commercial Paper Program		—		—		—		—
Euro Commercial Paper Program		—		—		—		—
Term Loan Credit Facility		—		—		—		—
3.20% Senior Notes due April 2024		350.0		349.9		350.0		348.4
2.050% Senior Notes due March 2025		399.9		387.7		399.8		386.8
4.750% Senior Notes due March 2026		349.2		347.5		349.1		350.6
0.750% Euro Senior Notes due May 2026		539.3		509.7		551.7		523.4
2.000% Euro Senior Notes due October 2028		538.9		515.1		551.4		531.4
4.350% Senior Notes due June 2029		499.8		486.9		499.8		497.2
2.800% Senior Notes due February 2030		899.6		804.2		899.6		817.6
2.200% Senior Notes due September 2031		748.0		620.6		747.9		629.9
Other debt		7.2		7.2		9.5		9.5
Less: unamortized deferred debt issuance costs		(22.5)		—		(21.5)		—
Total debt		4,309.4		4,028.8		4,337.3		4,094.8
Less: current portion		752.5		740.2		353.8		352.2
Total long-term debt	$	3,556.9	$	3,288.6	$	3,983.5	$	3,742.6


	Fair Value Measurements
			Quoted Prices in		Significant		Significant
			Active Markets		Observable		Unobservable
			for Identical		Inputs		Inputs
	Total		Assets (Level 1)		(Level 2)		(Level 3)
March 31, 2024:
Short-term investments	$	106.4	$	—	$	106.4	$	—
Long-term investments		0.4		—		0.4		—
Forward contracts		(0.2)		—		(0.2)		—
Redeemable noncontrolling interests		(30.9)		—		—		(30.9)
Total	$	75.7	$	—	$	106.6	$	(30.9)

December 31, 2023:
Short-term investments	$	185.2	$	—	$	185.2	$	—
Long-term investments		0.4		—		0.4		—
Forward contracts		(0.5)		—		(0.5)		—
Redeemable noncontrolling interests		(30.7)		—		—		(30.7)
Total	$	154.4	$	—	$	185.1	$	(30.7)


	Stockholders’ equity attributable to Amphenol Corporation
											Accumulated						Redeemable
	Common Stock			Treasury Stock			Additional				Other		Non-				Non-
	Shares			Shares			Paid-In		Retained		Comprehensive		controlling		Total		controlling
	(in millions)	Amount		(in millions)	Amount		Capital		Earnings		Loss		Interests (1)		Equity		Interests

Balance as of December 31, 2023	600.6	$	0.6	(1.7)	$	(142.8)	$	3,101.2	$	5,921.1	$	(533.6)	$	49.3	$	8,395.8	$	30.7
Net income										548.7				2.9		551.6		0.4
Other comprehensive income (loss)												(69.3)		(0.8)		(70.1)		(0.2)
Capital contributions from noncontrolling interests														0.8		0.8
Purchase of treasury stock				(1.4)		(153.8)										(153.8)
Retirement of treasury stock	(1.4)		—	1.4		153.8				(153.8)						—
Stock options exercised	2.8		—	0.4		39.0		99.1		(20.4)						117.7
Dividends declared ($0.22 per common share)										(132.1)						(132.1)
Stock-based compensation expense								23.8								23.8
Balance as of March 31, 2024	602.0	$	0.6	(1.3)	$	(103.8)	$	3,224.1	$	6,163.5	$	(602.9)	$	52.2	$	8,733.7	$	30.9


				Weighted
				Average	Aggregate
		Weighted		Remaining	Intrinsic
		Average		Contractual	Value
	Options	Exercise Price		Term (in years)	(in millions)
Options outstanding at January 1, 2024	60,390,162	$	50.45	5.81	$	2,939.5
Options granted	58,031		90.72
Options exercised	(3,156,425)		37.27
Options forfeited	(43,137)		65.02
Options outstanding at March 31, 2024	57,248,631	$	51.21	5.69	$	3,671.9
Vested and non-vested options expected to vest at March 31, 2024	55,794,585	$	50.80	5.63	$	3,601.3
Exercisable options at March 31, 2024	34,849,870	$	43.54	4.53	$	2,502.7


		Weighted
		Average
		Fair Value at
	Options	Grant Date
Non-vested options at January 1, 2024	22,523,981	$	14.57
Options granted	58,031		26.36
Options vested	(146,726)		15.79
Options forfeited	(36,525)		17.73
Non-vested options at March 31, 2024	22,398,761	$	14.58


	Three Months Ended
	March 31,
(dollars and shares in millions, except per share data)	2024		2023
Net income attributable to Amphenol Corporation stockholders	$	548.7	$	439.2

Weighted average common shares outstanding — Basic		600.0		595.1
Effect of dilutive stock options		27.9		24.8
Weighted average common shares outstanding — Diluted		627.9		619.9

Net income attributable to Amphenol Corporation per common share — Basic	$	0.91	$	0.74

Net income attributable to Amphenol Corporation per common share — Diluted	$	0.87	$	0.71


	Harsh				Interconnect
	Environment		Communications		and Sensor
	Solutions		Solutions		Systems		Total
Goodwill at December 31, 2023	$	2,009.3	$	2,977.5	$	2,105.6	$	7,092.4
Acquisition-related		1.2		4.5		43.7		49.4
Foreign currency translation		(9.2)		(9.5)		(22.6)		(41.3)
Goodwill at March 31, 2024	$	2,001.3	$	2,972.5	$	2,126.7	$	7,100.5


	March 31,		December 31,
	2024		2023
Raw materials and supplies	$	970.9	$	964.7
Work in process		587.0		562.3
Finished goods		595.0		640.1
	$	2,152.9	$	2,167.1


	March 31, 2024							December 31, 2023
	Weighted	Gross				Net		Gross				Net
	Average	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Life (years)	Amount		Amortization		Amount		Amount		Amortization		Amount
Customer relationships	10	$	780.2	$	462.5	$	317.7	$	782.6	$	450.6	$	332.0
Proprietary technology	13		350.8		152.2		198.6		365.1		146.1		219.0
Backlog and other	1		99.4		99.4		—		114.1		99.4		14.7
Total intangible assets (definite-lived)	10		1,230.4		714.1		516.3		1,261.8		696.1		565.7

Trade names (indefinite-lived)			269.1				269.1		269.1				269.1
		$	1,499.5	$	714.1	$	785.4	$	1,530.9	$	696.1	$	834.8


	External				Intersegment
Three Months Ended March 31,	2024		2023		2024		2023
Harsh Environment Solutions	$	916.0	$	854.2	$	19.6	$	23.8
Communications Solutions		1,265.7		1,126.7		11.2		13.9
Interconnect and Sensor Systems		1,074.6		993.1		5.1		5.1
Consolidated Net sales	$	3,256.3	$	2,974.0	$	35.9	$	42.8


	Three Months Ended March 31,
	2024		2023
Harsh Environment Solutions	$	22.7	$	24.5
Communications Solutions		45.1		39.2
Interconnect and Sensor Systems		33.9		31.0
Corporate / Other		2.1		1.6
Total	$	103.8	$	96.3


Item 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS
	OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

	(amounts in millions, except share and per share data, unless otherwise noted)


					Percentage Growth (relative to same prior year period) (1)


					Net sales		Foreign		Constant				Organic
					growth in		currency		Currency Net		Acquisition		Net Sales
					U.S. Dollars (2)		impact (3)		Sales Growth (4)		impact (5)		Growth (4)
Three Months Ended March 31,	2024		2023		(GAAP)		(non-GAAP)		(non-GAAP)		(non-GAAP)		(non-GAAP)
Net sales by:
Segment:
Harsh Environment Solutions	$	916.0	$	854.2	7	%	—	%	7	%	4	%	3	%
Communications Solutions		1,265.7		1,126.7	12	%	(1)	%	13	%	3	%	11	%
Interconnect and Sensor Systems		1,074.6		993.1	8	%	—	%	9	%	6	%	2	%
Consolidated	$	3,256.3	$	2,974.0	9	%	(1)	%	10	%	4	%	6	%

Geography (6):
United States	$	1,113.1	$	1,052.3	6	%	—	%	6	%	7	%	(2)	%
Foreign		2,143.2		1,921.7	12	%	(1)	%	12	%	3	%	10	%
Consolidated	$	3,256.3	$	2,974.0	9	%	(1)	%	10	%	4	%	6	%


Principal		Interest
Amount		Rate		Maturity
$	350.0	3.20	%	April 2024
	400.0	2.050	%	March 2025
	350.0	4.750	%	March 2026
	500.0	4.350	%	June 2029
	900.0	2.80	%	February 2030
	750.0	2.200	%	September 2031

€	500.0	0.750	%	May 2026 (Euro Notes)
	500.0	2.00	%	October 2028 (Euro Notes)


				Total Number of	Maximum Dollar
(dollars in millions, except price per share)				Shares Purchased as	Value of Shares
	Total Number	Average		Part of Publicly	that May Yet be
	of Shares	Price Paid		Announced Plans or	Purchased Under the
Period	Purchased	per Share		Programs	Plans or Programs
January 1 to January 31, 2024	—	$	—	—	$	226.5
February 1 to February 29, 2024	756,100		104.53	756,100		147.5
March 1 to March 31, 2024	673,000		111.06	673,000	$	72.7
Total	1,429,100	$	107.61	1,429,100


3.1	Restated Certificate of Incorporation of Amphenol Corporation, dated May 19, 2021 (filed as Exhibit 3.1 to the June 30, 2021 Form 10-Q).*
3.2	Amphenol Corporation, Fifth Amended and Restated By-laws dated August 3, 2023 (filed as Exhibit 3.1 to the Form 8-K filed on August 4, 2023).*
4.1	Indenture, dated as of November 5, 2009, between Amphenol Corporation and The Bank of New York Mellon, as trustee (filed as Exhibit 4.1 to the Form 8-K filed on November 5, 2009).*
4.2	Indenture, dated as of October 8, 2018, between Amphenol Technologies Holding GmbH, Amphenol Corporation and The Bank of New York Mellon, as trustee (filed as Exhibit 4.1 to the Form 8-K filed on October 9, 2018).*
4.3	Indenture, dated as of May 4, 2020, between Amphenol Technologies Holding GmbH, Amphenol Corporation and The Bank of New York Mellon, as trustee (filed as Exhibit 4.1 to the Form 8-K filed on May 5, 2020).*
4.4	Indenture, dated as of March 16, 2023, between Amphenol Corporation and U.S. Bank Trust Company, National Association, as trustee (filed as Exhibit 4.1 to the Company’s Registration Statement on Form S-3 filed on March 16, 2023).*
4.5	Officer’s Certificate, dated April 5, 2017, establishing both the 2.200% Senior Notes due 2020 and the 3.200% Senior Notes due 2024 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on April 5, 2017).*
4.6	Officer’s Certificate, dated January 9, 2019, establishing the 4.350% Senior Notes due 2029 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on January 10, 2019).*
4.7	Officer’s Certificate, dated September 10, 2019, establishing the 2.800% Senior Notes due 2030 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on September 10, 2019).*
4.8	Officer’s Certificate, dated February 20, 2020, establishing the 2.050% Senior Notes due 2025 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on February 20, 2020).*
4.9	Officer’s Certificate, dated September 14, 2021, establishing the 2.200% Senior Notes due 2031 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on September 14, 2021).*
4.10	Officer’s Certificate, dated March 30, 2023, establishing the 4.750% Senior Notes due 2026 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on March 30, 2023).*
4.11	Officer’s Certificate, dated April 5, 2024, establishing the 5.050% Senior Notes due 2027, 5.050% Senior Notes due 2029, and 5.250% Senior Notes due 2034, pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on April 5, 2024).*
4.12	Description of the Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (filed as Exhibit 4.11 to the December 31, 2023 Form 10-K).*
10.1	Amended and Restated 2017 Stock Purchase and Option Plan for Key Employees of Amphenol and Subsidiaries (filed as Annex A to the Company’s Definitive Proxy Statement on Schedule 14A for its 2021 Annual Meeting of Stockholders, filed on April 12, 2021).†*
10.2	Form of 2017 Stock Option Agreement (filed as Exhibit 10.1 to the Form 8-K filed on May 19, 2017).†*
10.3	2009 Stock Purchase and Option Plan for Key Employees of Amphenol and Subsidiaries (filed as Exhibit 10.7 to the June 30, 2009 Form 10-Q).†*
10.4	The First Amendment to the 2009 Stock Purchase and Option Plan for Key Employees of Amphenol and Subsidiaries (filed as Exhibit 10.2 to the Form 8-K filed on May 23, 2014).†*
10.5	Form of 2009 Non-Qualified Stock Option Grant Agreement dated as of May 20, 2009 (filed as Exhibit 10.8 to the June 30, 2009 Form 10-Q).†*
10.6	Form of 2009 Management Stockholders’ Agreement dated as of May 20, 2009 (filed as Exhibit 10.9 to the June 30, 2009 Form 10-Q).†*
10.7	Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016 (filed as Exhibit 10.6 to the December 31, 2016 Form 10-K).†*
10.8	First Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated November 10, 2016 (filed as Exhibit 10.7 to the December 31, 2016 Form 10-K).†*
10.9	Second Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated October 1, 2016 (filed as Exhibit 10.8 to the December 31, 2016 Form 10-K).†*
10.10	Third Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated December 13, 2016 (filed as Exhibit 10.9 to the December 31, 2016 Form 10-K).†*
10.11	Fourth Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated May 2, 2017 (filed as Exhibit 10.12 to the June 30, 2017 Form 10-Q).†*
10.12	Fifth Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated October 29, 2018 (filed as Exhibit 10.12 to the December 31, 2018 Form 10-K).†*

10.13	Sixth Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated October 4, 2019 (filed as Exhibit 10.13 to the December 31, 2019 Form 10-K).†*
10.14	Seventh Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated December 2, 2019 (filed as Exhibit 10.14 to the December 31, 2019 Form 10-K).†*
10.15	Eighth Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated December 9, 2021 (filed as Exhibit 10.15 to the December 31, 2021 Form 10-K).†*
10.16	Ninth Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated December 1, 2022 (filed as Exhibit 10.16 to the December 31, 2022 Form 10-K).†*
10.17	Tenth Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated August 28, 2023 (filed as Exhibit 10.17 to the September 30, 2023 Form 10-Q).†*
10.18	Amended and Restated Amphenol Corporation Supplemental Employee Retirement Plan (filed as Exhibit 10.24 to the December 31, 2008 Form 10-K).†*
10.19	First Amendment to the Amended and Restated Amphenol Corporation Supplemental Employee Retirement Plan, dated October 29, 2018 (filed as Exhibit 10.14 to the December 31, 2018 Form 10-K).†*
10.20	Amphenol Corporation Directors’ Deferred Compensation Plan (filed as Exhibit 10.11 to the December 31, 1997 Form 10-K).†*
10.21	Amphenol Corporation Form of Director Phantom Stock Award Agreement (filed as Exhibit 10.22 to the June 30, 2023 Form 10-Q).†*
10.22	2024 Amphenol Corporation Management Incentive Plan (filed as Exhibit 10.24 to the December 31, 2023 Form 10-K).†*
10.23	Third Amended and Restated Credit Agreement, dated March 21, 2024, among the Company, certain subsidiaries of the Company, a syndicate of financial institutions and JPMorgan Chase Bank, N.A., acting as the administrative agent (filed as Exhibit 10.1 to the Form 8-K filed on March 22, 2024).*
10.24	The Amphenol Corporation Employee Savings/401(K) Plan Adoption Agreement as amended and restated effective April 5, 2022, dated April 18, 2022 (filed as Exhibit 10.23 to the June 30, 2022 Form 10-Q).†*
10.25	Amendment to The Amphenol Corporation Employee Savings/401(K) Plan Adoption Agreement, effective January 1, 2023, dated December 19, 2022 (filed as Exhibit 10.25 to the December 31, 2022 Form 10-K).†*
10.26	Amendment to The Amphenol Corporation Employee Savings/401(K) Plan Adoption Agreement, effective January 1, 2024, dated November 30, 2023 (filed as Exhibit 10.28 to the December 31, 2023 Form 10-K).†*
10.27	Amended and Restated Amphenol Corporation Supplemental Defined Contribution Plan (filed as Exhibit 10.30 to the September 30, 2011 Form 10-Q).†*
10.28	Amphenol Corporation Supplemental Defined Contribution Plan as amended effective January 1, 2012 (filed as Exhibit 10.34 to the December 31, 2011 Form 10-K).†*
10.29	Amphenol Corporation Supplemental Defined Contribution Plan as amended effective January 1, 2019 (filed as Exhibit 10.28 to the December 31, 2018 Form 10-K).†*
10.30	Commercial Paper Program form of Dealer Agreement dated as of August 29, 2014 between the Company, Citibank Global Markets and JP Morgan Securities LLC (filed as Exhibit 10.1 to the Form 8-K filed on September 5, 2014).*
10.31	Commercial Paper Program Dealer Agreement dated as of July 10, 2018 between Amphenol Technologies Holding GmbH (as issuer), Amphenol Corporation (as guarantor), Barclays Bank PLC (as Arranger), and Barclays Bank PLC and Commerzbank Aktiengesellschaft (as Original Dealers) (filed as Exhibit 10.1 to the Form 8-K filed on July 11, 2018).*
10.32	Term Loan Credit Agreement, dated as of April 19, 2022, among the Company, certain subsidiaries of the Company, a syndicate of financial institutions and BNP Paribas, acting as the administrative agent (filed as Exhibit 10.1 to the Form 8-K filed on April 21, 2022).*
10.33	Form of Indemnification Agreement for Directors and Executive Officers (filed as Exhibit 10.27 to the December 31, 2016 Form 10-K).†*
31.1	Certification pursuant to Exchange Act Rules 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**
31.2	Certification pursuant to Exchange Act Rules 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**
32.1	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.***
32.2	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.***
101.INS	Inline XBRL Instance Document – the Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.**
101.SCH	Inline XBRL Taxonomy Extension Schema Document.**

101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document.**
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document.**
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document.**
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document.**
104	Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document (included in Exhibit 101).**

		AMPHENOL CORPORATION


	By:	/s/ Craig A. Lampo
		Craig A. Lampo
		Senior Vice President and Chief Financial Officer (Authorized Signatory and Principal Financial Officer)

Date: April 26, 2024


Date: April 26, 2024


/s/ R. Adam Norwitt
R. Adam Norwitt
President and Chief Executive Officer