Amphenol, the Wallingford-based connectors manufacturer, has posted record sales for the third quarter of 2015. Net income was up 12.2 percent year over year.
Sales for the third quarter were $1.5 billion compared to $1.4 billion a year earlier, according to results announced today. Currency translation decreased Amphenol’s sales by approximately $48 million in the third quarter of 2015 compared to 2014.
Earnings per share reached a new record of 65 cents, growing 12 percent, excluding one-time items, over the comparable 2014 quarter, Amphenol reported in its filing. Revenue was slightly impacted by devalued overseas currency. The company’s net income for the quarter was $204.5 million, excluding revenue from acquired companies since 2014. Overall net revenue was $207.3 million.
The company doesn’t expect the record-setting pace to continue. It says uncertain global markets and lower demand from industrial, automotive, and information technology and data communications markets. For the full year 2015, Amphenol expects to achieve sales in the range of $5.468 billion to $5.508 billion, which is below projections.
“Global markets have recently become more uncertain, as growing turbulence in certain economies has impacted global industrial demand. Notwithstanding the heightened level of uncertainty, we believe we can perform well in the dynamic electronics marketplace,” said Amphenol CEO R. Adam Norwitt in a statement.
