Amphenol Corp. posted record second-quarter sales and boosted its full-year outlook, sending the stock price soaring for the Wallingford maker of fiber-optic cable and electronic connectors.
For three months ended June 30, Amphenol netted $140.9 million, or 86 cents a diluted share, down from $147.8 million, or 85 cents a share, earned the same period a year ago.
Second-quarter sales were a record $1.06 billion vs. $1.02 billion a year earlier.
At 3 p.m. Wednesday, Amphenol’s stock was up $7.43, or 14.5 percent, at $58.79.
President and CEO R. Adam Norwitt said Amphenol benefitted from its diverse market penetration.
Strength in the automotive, industrial, commercial aerospace and telecommunications and data communications equipment markets offset declines in the defense and wireless markets, Norwitt said.
For the full year 2012, Norwitt said Amphenol now expect to achieve revenues in the range of $4.21 billion to $4.25 billion, up 7 percent to 8 percent from a year earlier, and diluted earnings per share in the range of $3.38 to $3.44, up 11 percent to 13 percent from 2011.
