Amphenol Corporation (NYSE:APH) Q3 2019 Earnings Conference Call - Final Transcript

Oct 23, 2019 • 01:00 pm ET

Previous

Amphenol Corporation (NYSE:APH) Q3 2019 Earnings Conference Call - Final Transcript

Share
Close

Loading Event

Loading Transcript

Q & A
Executive
R. Adam Norwitt

to answer that.

Operator
Operator

Thank you. Our next question is from Jim Suva of Citi. Your line is now open. Excuse me, Jim, please check your mute function. Your line is now open. Jim Suva, your line is now open.

Analyst
Jim Suva

Hi. It's Jim Suva here. When you mentioned the mobile devices, was it mostly on like unit volumes? Was it on your design and features because I remember like six months ago, we talked about changes in designs and things like that. And now we're pleased that things are better. Just kind of curious about, was it more volumes or designs or a combination of both? And how should we think about that because at the beginning of the year, I know there are a lot of questions around designs and content on the mobility side? Thank you.

Executive
R. Adam Norwitt

Yeah, well, I think Jim relative to exceeding our outlook, I would just say that the mobile devices we saw strength really across platforms with a variety of customers, both on new and existing platforms and that's a combination of new designs, existing designs on things like smartphones wearables and otherwise. So it's not necessarily at this stage change in architecture, because I think we talked about that early in the year and I think by the third quarter, most of those architectures are already well settled. So I would credit this more with just better volumes and our ability in particular to meet those better volumes from customers, which is not the easiest thing in the world.

I mean our team to come into the quarter with an expectation of kind of low double-digit sequential growth, but in the end, to achieve a 32% sequential increase in sales in mobile devices that requires an enormous amount of agility to ramp up in the face of that demand. And I'd just give an enormous amount of credit to our team to ramp up in the face of that. And as usual, the agility of our mobile devices team I think is really second to none in our Company or across the industry.

Analyst
Jim Suva

Thank you so much for the clarification. It's greatly appreciated.

Executive
R. Adam Norwitt

Thank you.

Operator
Operator

Thank you. Our next question is from Shawn Harrison of Longbow Research. Your line is now open.

Analyst
Shawn Harrison

Afternoon, everybody. And congrats on the strong results.

Executive
R. Adam Norwitt

Thank you, Shawn.

Executive
Craig A. Lampo

Thank you, Shawn.

Analyst
Shawn Harrison

An easy one first and then a follow-up, that's maybe not as easy. Craig, what were the actual restructuring charges taken in the quarter that I'm assuming don't repeat here in the December quarter?

Executive
Craig A. Lampo

Yeah. Thanks, Shawn. As you know, we typically don't -- we really don't call out restructuring expenses and they were included in our adjusted operating margin of the 19.7% and we don't call those out as non-GAAP items, since as we know, we hold ourselves accountable and our general managers fully accountable for these costs.

So I mean I guess what I would say from a perspective of magnitude, I say even considering these