| Amphenol's Sales Down 3% in Q4 |
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| Written by Mike Buetow | |||
| Thursday, 15 January 2009 05:57 | |||
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WALLINGFORD, CT -- Amphenol Corp. reported fourth quarter sales fell 3% year-over-year to $755.3 million on lower demand for automotive and communications products. For the period ended Dec. 31, net profits fell 1% to 98.7 million with an operating income margin of 18.9%. Sales were down about 9% sequentially for the company, which makes circuit boards and connectors. Strength was seen in global wireless communications and military and aerospace, and declines in automotive, industrial , and IT and datacom equipment. The firm reduced headcount 17% during the quarter. For the year, the company reported sales of $3.2 billion, up from $2.9 billion in 2007. Net profits rose 19% to $419.2 million. Currency translation had a 1% impact on sales for the year. Amphenol guided for first-quarter revenues of $650 million to $665 million.
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