Wallingford cable and connector manufacturer Amphenol Corp. reported a 7 percent uptick in sales for its second quarter, beating a quarterly record set a year ago.
Sales were $1.14 billion, up from $1.06 billion during the same period in 2012.
Profits totaled $154 million, up more than 9 percent year over year. Earnings per share were 96 cents, up from 87 cents. The company also announced it would double its quarterly dividend to 20 cents per share.
Currency exchange rates had a favorable impact of $2.1 million on sales for the quarter, during which Amphenol also completed its acquisition of interconnect product manufacturer DC Electronics.
Citing economic uncertainty and volatility in the mobile device market, Amphenol revised downward its full-year earnings projections from a range between $4.58 billion and $4.66 billion to a range between $4.49 billion and $4.54 billion.
