Amphenol Expects to Exceed Analysts' Estimates and Announces Stock Split.Business Editors WALLINGFORD Wallingford, town (1990 pop. 40,822), New Haven co., S Conn.; inc. 1670. Its silverware industry dates from c.1835. Fruit growing and the manufacture of plastics, steel, precision instruments, and hardware are among the town's other industries. , Conn.--(BUSINESS WIRE)--March 15, 2000 Amphenol Amphenol Corporation (NYSE: APH) is a major producer of electronic and fiber optic connectors, cable and interconnect systems. Amphenol is a portmanteau from the corporation's original name, American Phenolic Corp. Corporation (NYSE-APH) announced today that it expects to exceed consensus analysts' earnings per share estimates of $.74 for the first quarter ending March 31, 2000. The Company indicated that orders, sales and profitability were excellent in all of its major business sectors with especially strong results in interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. and cable products for communication markets. The Company indicated that based on current trends it expects earnings per share to be in the $.85 to $.88 range for the first quarter 2000. Excluding the non-cash amortization of goodwill, the Company expects earnings per share to be in the $1.00 to $1.03 range for the first quarter 2000. For the first quarter 1999, the Company reported earnings per share of $.46, and, excluding the non-cash amortization of goodwill, earnings per share of $.63. The Company also announced that it will effect a 2 for 1 stock split for shareholders of record as of March 23, 2000. The Company expects that the additional shares will be distributed on or about April 25, 2000. Such stock split is subject to majority shareholder approval of an amendment to the Company's Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. increasing the number of authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. . Amphenol Corporation manufactures connectors, cable and interconnect systems for electronics, cable television, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , aerospace, transportation and industrial applications. The Company's products are engineered and produced in the Americas, Europe and the Far East and sold by a worldwide sales and marketing organization. PR31500 |
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