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Amphenol with record 4Q results
Amphenol Corporation reports on 4Q/2012 record sales of USD 1.146 billion compared to USD 949 million for the 2011 period.
For the full year ended December 31, 2012, sales were USD 4.292 billion compared to $3.940 billion for the 2011 period.
Amphenol President and Chief Executive Officer, R. Adam Norwitt, stated:
“We are pleased to report new records of performance in the fourth quarter of 2012 with sales of $1.146 billion and EPS before one-time items of $.94. Sales increased by approximately 21% year-over-year and 4% sequentially. On a year-over-year basis, we experienced growth in all markets with particular strength in the mobile devices, wireless
infrastructure, commercial aerospace and broadband markets. Our strong growth is once again confirmation of the significant benefits of the Company’s diversification, as well as our management team’s ability to react quickly in a dynamic environment, especially given the still high levels of uncertainty in most of the world’s economies."
"In addition, it is extremely rewarding that the Company’s unique entrepreneurial culture continues to drive an unwavering focus on profitability resulting in another strong operating margin performance of 19.5%, (excluding one-time items) up 100 basis points from the prior year quarter. Operating cash flow in the quarter was $207 million, an excellent performance and confirmation of the quality of the Company’s earnings. I am very proud of our organization as we continue to execute well.”
“The overall economic environment continues to be characterized by a high level of market uncertainty. Considering such environment and assuming current currency exchange rates, we expect first quarter 2013 revenues in the range of $1.055 billion to $1.080 billion and diluted EPS (excluding one-time items) in the range of $.84 to $.87."
"For the full year 2013, we expect to achieve revenues and diluted EPS (excluding onetime items) in the range of $4.555 billion to $4.655 billion and $3.72 to $3.84, respectively, an increase in revenues of 6% to 8% and in diluted EPS (excluding onetime items), of 7% to 11% over 2012. Despite the many uncertainties in the global economy, we believe we can perform well in the dynamic electronics marketplace due to our leading technology, increasing positions with our customers in diverse markets, worldwide presence, lean cost structure, and agile, experienced and entrepreneurial management team.”
