Shares of Illinois Tool Works (NYSE:ITW) moved higher by 0.1% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings .
Operator
Hello, and welcome to the First Quarter Earnings Conference Call for Amphenol Corporation. [Operator Instructions] [Operator Instructions] If anyone has any objections, you may disconnect at this time.
I would now like to introduce today s conference host, Mr. Craig Lampo. Sir, you may begin.
Craig A. Lampo
Senior Vice President and Chief Financial Officer
Thank you. Good afternoon, everyone. This is Craig Lampo, Amphenol s CFO. And I m here together with Adam Norwitt, our CEO. We would like to welcome you to our first quarter 2021 conference call, and our first quarter 2021 results were released this morning. I will provide some financial commentary and then Adam will give an overview of the business as well as current trends.
Amphenol Reports Q1 2021 Results, Announces New Stock Repurchase Program
Amphenol Corporation has reported first quarter 2021 results and announced a new three-year, $2 billion stock repurchase program.
First Quarter 2021 Highlights:
1 compared to the first quarter 2020
GAAP diluted EPS of $0.53, up 33% compared to the prior year period
Adjusted Diluted EPS
Operating margin of 19.6%
1 of $243 million
Closed on the acquisition of MTS Systems Corporation
Announces a new three-year, $2 billion open market stock repurchase program
“I am very proud that our team drove results that significantly exceeded our expectations in the first quarter 2021, while still prioritizing the safety and health of our employees worldwide amidst the ongoing COVID-19 pandemic,” said Amphenol President and Chief Executive Officer, R. Adam Norwitt.
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