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2007 Third Quarter Record Results Reported by Amphenol Corporation.


WALLINGFORD, Conn. -- Amphenol Corporation (NYSE-APH) reported today that third quarter 2007 diluted earnings per share diluted earnings per share

An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of
 increased 28% to $.50 compared to $.39 per share for the comparable 2006 period before flood-related charges. Such per share amount for 2006 excludes the effect of a $5.7 million one-time charge relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 previously announced flood damage at the Company's Sidney, New York Sidney in the U.S. state of New York may refer to two places, both within Delaware County.
  • Sidney (village), New York
  • Sidney (town), New York
 facility. Including such charge, diluted earnings per share for the third quarter 2006 was $.36. (All per share amounts included herein have been adjusted to reflect the Company's 2 for 1 stock split effective in March 2007.) Sales for the third quarter 2007 increased 15% to $733.9 million compared to $636.4 million for the 2006 period. Currency translation had the effect of increasing sales by approximately $16.3 million in the third quarter 2007 compared to the 2006 period.

For the nine months ended September 30, 2007, diluted earnings per share was $1.39 compared to $1.04 per share before flood-related charges for the 2006 period. Including flood-related charges, diluted earnings per share for the 2006 period was $.97. Sales for the nine months ended September 30, 2007 were $2,073.8 million compared to $1,812.0 million for the 2006 period. Currency translation had the effect of increasing sales by approximately $43.8 million for the nine month 2007 period when compared to the 2006 period.

Amphenol Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Martin H. Loeffler, stated: "We are pleased to close a record third quarter with sales of $734 million and earnings per share of $.50. Sales grew 15% over last year. Growth was broad based reflecting the benefits of a diverse market footprint with particular strength in the military and commercial aerospace, automotive and mobile device markets reflecting the impact of multiple new program ramp ups Ramp Up

To increase a company's operations in anticipation of increased demand.

Notes:
A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product.
See also: Demand, Economies of Scale
. All geographic regions of the business performed well in the quarter. During the quarter, consistent with our strategy, the Company completed the acquisition of a United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  manufacturer of interconnect products for the geophysical ge·o·phys·ics  
n. (used with a sing. verb)
The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology.
 exploration industry with annual sales of approximately $35 million. We are excited about the growth potential created by this excellent addition. Our strong organic growth reflects our continued commitment to develop performance enhancing technologies for our customers in all of our markets.

"In addition to excellent overall top line growth, profitability and cash flow continued to be strong. Amphenol achieved excellent operating leverage Operating Leverage

A measurement of the degree to which a firm or project relies on fixed rather than variable costs.

Notes:
The higher the degree of operating leverage, the greater the potential danger from forecasting risk.
 in the quarter with an operating income Operating Income

The profit realized from a business' own operations.

Notes:
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit.
 margin of 19.5% compared to 18.0% in the third quarter of 2006 (before flood-related charges for the 2006 period). The combination of strong top line growth based on value added Value Added

The enhancement a company gives its product or service before offering the product to customers.

Notes:
This can either increase the products price or value.
 application specific products together with a continued strong focus on all elements of cost contributed significantly to our results in the quarter and provides a solid base for future performance. Furthermore, net income exceeded 12% of sales, another indication of the Company's excellent profitability. The Company continues to be an excellent generator of cash. Cash flow from operations Cash flow from operations

A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses
 remained strong in the quarter at $109 million.

"The third quarter was good in all respects. I am very proud of our organization as we continue to execute well. We have an outstanding management team, excellent technological capabilities, leading positions in diversified markets and an increasing presence with the major customers in these markets. We are the world's third largest interconnect company with an expanded platform for creating value. Assuming a continuation of the current economic climate and relatively stable currency exchange rates, we are raising our guidance for the full year 2007 to achieve revenues and EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format.  in the range of $2,814 million to $2,829 million and $1.89 to $1.91, respectively, an increase of 14% and 29% to 30% over 2006 revenues and EPS before flood-related charges, respectively. This compares to the Company's previous guidance of revenues and EPS in the range of $2,710 million to $2,750 million and $1.79 to $1.83, respectively. For the fourth quarter 2007 we expect revenues in the range of $740 million to $755 million and EPS in the range of $.50 and $.52, 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 second quarter results at 1:00 PM (ET) October 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 7:00 PM (ET) on Friday, October 19, 2007. The replay numbers are as follows: toll free dial-in number is 800-873-2156 and International dial-in number is 402-220-4765.

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 See DCE.

Data Communications Equipment - Data Communication Equipment
, Mobile Devices and Wireless Infrastructure.

Statements in this press release which are other than historical facts are intended to be "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" within the meaning of the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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 Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ended December 31, 2006, 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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Publication:Business Wire
Article Type:Financial report
Date:Oct 17, 2007
Words:1016
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