2006 Record Fourth Quarter and Full Year Results Reported by Amphenol Corporation and Announcement of Stock Split.

WALLINGFORD, Conn. -- Amphenol Corporation (NYSE-APH) reported today that fourth quarter 2006 diluted earnings per share increased 39% to a record $.85 compared to $.61 per share for the comparable 2005 period. Such per share amount for 2006 includes the benefit of $.02 per share relating to the cumulative effect of a reduction in the Company's effective tax rate from 32% to 31.5%. In addition, EPS for the fourth quarter of 2006 was reduced by approximately $3.0 million ($.02 per share) relating to stock option expense as a result of the adoption of SFAS 123R. Pro forma fourth quarter 2005 EPS after option expense is $.60. Sales for the fourth quarter 2006 increased 30% (16% excluding the TCS acquisition) to a record $659.4 million compared to $508.1 million for the 2005 period. Currency translation had the effect of increasing sales by approximately $16.2 million in the fourth quarter 2006 compared to the 2005 period.

For the year ended December 31, 2006, diluted earnings per share, including flood-related charges of $.15 described below, was $2.79 compared to $2.28 per share for the 2005 period. Excluding flood-related charges earnings per share was $2.94. EPS for 2006 was also reduced by approximately $9.7 million ($.07 per share) relating to stock option expense as a result of the adoption of SFAS 123R. Pro forma EPS for 2005 after option expense is $2.23. Sales for the year ended December 31, 2006 increased 37% (14% excluding the TCS acquisition) to $2,471.4 million compared to $1,808.1 million for the 2005 period. Currency translation had the effect of increasing sales by approximately $16.5 million for the 2006 period when compared to the 2005 period.

As previously announced, the Company incurred damage at its Sidney, New York manufacturing facility as a result of severe and sudden flooding in New York State during the period June 28 through July 1, 2006. During 2006, in the second and third quarter, the Company recorded charges of $21 million or $.15 per share for recovery and clean up expenses and property related damage, net of expected insurance recoveries. As previously reported the Sidney facility was substantially back to full production during the month of September.

The Company also announced that it will effect a 2 for 1 stock split for shareholders of record as of March 16, 2007. The Company expects the additional shares will be distributed on or about March 30, 2007.

Amphenol Chairman and CEO, Martin H. Loeffler, stated: "Amphenol has finished 2006 with another record performance with fourth quarter sales of $659 million and earnings per share of $.85. Sales grew 30% over last year (16% excluding the TCS acquisition), and were up 4% sequentially. Growth was broad based across all of our end markets and included all geographic regions. Our performance was led by particular strength in the communications related markets and an excellent contribution from the military, aerospace and industrial markets; as we came back to full production after the flood."

"In addition to excellent overall top line growth, profitability and cash flow continued to be strong. Amphenol achieved excellent operating leverage in the quarter with an operating income margin of 18.9% in the fourth quarter, representing both a sequential and year over year increase. The combination of strong top line growth focused on value added interconnect solutions and the timely implementation of cost reduction and other profit improvement actions contributed significantly in the quarter to more than offset the difficulties of the current cost environment and provide a solid base for future performance. Furthermore, net income, that is income after interest expense and taxes, exceeded 11% of sales, another indication of the Company's excellent profitability. The Company continues to be an excellent generator of cash. Cash flow from operations for the quarter was $76 million and for the year was $290 million exceeding net income. During the year we have continued to deploy our strong cash flow to create additional value."

"We had a record year in 2006 and we look to the future with great enthusiasm. We have an outstanding management team, excellent technological capabilities, leading positions in diversified markets and an increasing presence with the major companies in these markets. We are the world's third largest interconnect company with an expanded platform for creating value. Our enthusiasm and confidence in the future is also reflected in our decision to effect a 2 for 1 stock split in the first quarter of 2007, which should further improve the liquidity and trading in our stock. Assuming a continuation of the current economic climate and relatively stable currency exchange rates, we believe we can achieve revenues and EPS in 2007 of $2,650 million to $2,710 million and $3.45 to $3.55, respectively, an increase of 7% to 10% and 17% to 21% over 2006 revenues and EPS before flood related charges, respectively. For the first quarter 2007 we expect revenues in the range of $635 million to $645 million and EPS in the range of $.80 and $.82, respectively. We are very excited about the future and confident in the ability of our excellent organization to meet the challenges presented and to take advantage of the many opportunities in front of us."

The Company will host a conference call to discuss its third quarter results at 1:00 PM (ET) January 17, 2007. The toll free dial-in number to participate in this call is 888-395-9624; International dial-in number 517-623-4547; Passcode: Reardon. There will be a replay available until 5:00 PM (ET) on Friday, January 19, 2007. The replay numbers are as follows: toll free dial-in number is 800-873-9204 and International dial-in number is 203-369-3573.

A live broadcast as well as a replay will also be available on the Internet at http://www.amphenol.com/index.cfm/fuseaction/financial.webcasts.

Amphenol Corporation is one of the world's leading producers of electronic and fiber optic connectors, cable and interconnect systems. Amphenol products are engineered and manufactured in the Americas, Europe and Asia and sold by a worldwide sales and marketing organization. Amphenol has a diversified presence as a leader in high growth segments of the interconnect market including: Military, Commercial Aerospace, Automotive, Broadband Communication, Industrial, Information Technology and Data Communications Equipment, Mobile Devices and Wireless Infrastructure.

Statements in this press release which are other than historical facts are intended to be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and other related laws. While the Company believes such statements are reasonable, the actual results and effects could differ materially from those currently anticipated. Please refer to Part I, Item 1A of the Company's Form 10-K for the year ended December 31, 2005, for some factors that could cause the actual results to differ from estimates. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise.

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