Wallingford-based Amphenol Corp., a producer of electronic and fiber optic connectors, recorded a net income of $97.5 million in the first quarter of 2008, up from $77.7 million at the same time last year.
The company’s first quarter 2008 diluted earnings per share increased 26% to 54 cents compared to 43 cents per share for the comparable 2007 period. Sales for the first quarter 2008 increased 18% to $770.7 million from $651.0 million in Q1 2007. Currency translation reportedly increased sales by approximately $22 million in the first quarter 2008 compared to the 2007 period.
“Consistent with our strategy, during the first quarter of 2008 the company completed the acquisition of a French manufacturer of value added interconnect and electronic packaging solutions for the aerospace market with aggregate annual sales of approximately $28 million,” Amphenol Chairman and CEO Martin H. Loeffler said in a statement. “The acquisition broadens the company’s technology offering in this important growth market.”
