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Amphenol profits rise 20 percent on record sales

Wallingford electroparts manufacturer Amphenol reported fourth-quarter profits of $167.9 million on record net sales of $1.26 billion.

Profits were up nearly 20 percent from $140.4 million in the same quarter of 2012. Diluted earnings per share grew from 88 cents to $1.06 year over year.

For fiscal year 2013, Amphenol booked $638.7 million in profits, or $4 per share, up from $559.5 million, or $3.44 per share.

The company completed four acquisitions during the fourth quarter — buying GE’s advanced sensors business for $225 million, Ionix Aerospace for $35 million, Tecvox LLC for $45 million and Hangzhou Jet Interconnect Technology Co.

For 2014, Amphenol expects revenue between $5 billion and $5.12 billion and earnings per share between $4.15 and $4.27.

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