AMPHENOL CORP /DE/ 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds ​ Repurchase of Equity Securities ​ On April 23, 2024, the Company’s Board of Directors (the “Board”) authorized a new stock repurchase program under which the Company may purchase up to $2.0 billion of the Company’s Class A Common Stock (“Common Stock”) during the three-year period ending on the close of business on April 28, 2027 (the “2024 Stock Repurchase Program”). The 2024 Stock Repurchase Program became effective on April 29, 2024. During the three months ended June 30, 2024, the Company repurchased 1.8 million shares of its Common Stock for $118.6 million under the 2024 Stock Repurchase Program. All of the repurchased shares under the 2024 Stock Repurchase Program during the three months ended June 30, 2024 have been retired by the Company . From July 1, 2024 to July 23, 2024, the Company repurchased 0.6 million additional shares of its Common Stock for $39.9 million, and, as of July 24, 2024, the Company has remaining authorization to purchase up to $1,841.6 million of its Common Stock under the 2024 Stock Repurchase Program. The timing and amount of any future repurchases will depend on a number of factors, such as the levels of cash generation from operations, the volume of stock options exercised by employees, cash requirements for acquisitions, dividends paid, economic and market conditions and the price of the Common Stock. ​ On April 27, 2021, the Board authorized a stock repurchase program under which the Company could purchase up to $2.0 billion of its Common Stock during the three-year period ending April 27, 2024 (the “2021 Stock Repurchase Program”). During the three months ended June 30, 2024, the Company repurchased 1.3 million shares of its Common Stock for $71.8 million under the 2021 Stock Repurchase Program, which were the final repurchases under the 2021 Stock Repurchase Program. All of the repurchased shares under the 2021 Stock Repurchase Program during the three months ended June 30, 2024 have been retired by the Company . ​ The table below reflects the Company’s stock repurchases for the three months ended June 30, 2024, adjusted to give effect to the two-for-one stock split, which is discussed in Note 1 of the Notes to Condensed Consolidated Financial Statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 April 1 to April 30, 2024 1,258,570 $ 57.07 1,258,570 $ 2,000.0 ​ May 1 to May 31, 2024 1,062,200 ​ 64.37 1,062,200 1,931.6 ​ June 1 to June 30, 2024 748,070 ​ 67.12 748,070 $ 1,881.4 ​ Total 3,068,840 $ 62.05 3,068,840 ​ ​ ​ ​ ​ ​ ​ 47 Table of Contents Item 3. Defaults Upon Senior Securities ​ None. ​ Item 4. Mine Safety Disclosures ​ Not Applicable. ​