June 2008 -- Cable connectors producer Amphenol Corp. realized record sales of $777million in the fourth
quarter of 2007, an 18% increase over the year-earlier period. For the year, revenue reached
$2.8 billion compared with $2.4 billion the previous year. Net income increased to $353 million,
up from $255.6 million the previous year.
The company also grew through acquisitions in 2007, purchasing a Chinese manufacturer of RF
interconnect products for the wireless communications market, another Chinese manufacturer of
precision interconnect products for IT and consumer product applications, and a minority
interest in one of a Korean manufacturer of handset related products.
CEO Martin Loeffler indicated, though, that 2008 could be a little more challenging. "Looking
forward, the general economic environment appears to have become more uncertain in recent weeks,
particularly in the United States," he said in a January statement. "This weakness, combined
with the relatively unstable financial markets may have a dampening effect on the expansion of
certain segments of the economy. Nevertheless, we believe the diversity of our customer base,
leading technology, excellent product portfolio, worldwide presence and lean cost structure will
serve us well in such an environment."
