Shares of Amphenol Corporation (APH) surged 7.25% in pre-market trading on Wednesday, following the release of the company's impressive fourth-quarter 2024 financial results and positive outlook for the upcoming quarter.

Amphenol, a leading manufacturer of fiber-optic products and interconnect systems, reported a significant beat on both earnings and revenue for the fourth quarter. The company's adjusted earnings per share (EPS) of $0.55 exceeded the analysts' consensus estimate of $0.50, while its revenue of $4.32 billion surpassed the expected $4.07 billion.

The strong performance was driven by robust demand across various sectors, including IT data communications, mobile networks, commercial air, mobile devices, broadband, and defense. According to Amphenol's CEO, R. Adam Norwitt, the company's acquisition program also played a crucial role in fueling growth, with plans to close two more acquisitions in the first quarter of 2025.

Analysts are optimistic about Amphenol's prospects, citing the company's diversified business model and expanding spending on defense technologies as key growth drivers. Evercore ISI maintained a "Buy" rating on Amphenol's stock, highlighting its strong position in various markets, including defense, commercial air, industrial, and mobile devices.

Looking ahead, Amphenol provided a positive outlook for the first quarter of 2025, projecting adjusted EPS between $0.49 and $0.51 on revenue between $4.0 billion and $4.1 billion. This guidance, coupled with the company's strong fourth-quarter performance, has boosted investor confidence in Amphenol's ability to sustain its momentum and drive further growth.