Wallingford manufacturer Amphenol Corp. said its fourth-quarter profits grew by more than 15 percent due to recent acquisitions and organic sales growth.
The cable, connector and sensor maker booked net income of $193.5 million, or 61 cents per diluted share. That was up from $167.9 million, or 52 cents, in the fourth quarter of 2013.
Net sales grew more than 14 percent to a record $1.43 billion.
Amphenol said it expects first-quarter sales in the range of $1.29 billion to $1.33 billion and diluted earnings per share between 55 cents and 57 cents.
Profits for the full year were $709.1 million, or $2.21 per diluted share, up from $635.7 million, or $1.96 million. Annual sales grew by nearly $731 million, to $5.35 billion.
The company also announced a new stock repurchase program for up to 10 million shares over the next two years.
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