“Our ongoing strategy of market and geographic diversification combined with our strong commitment to developing enabling technologies for our customers in all markets, both through organic product development and through our acquisition program, continues to expand the Company’s growth opportunities. Consistent with this strategy, in the second quarter, the Company completed the acquisition of the Deutgen Group, a German manufacturer of high-technology, precision injection molded components primarily for automotive applications with annual sales of approximately $25 million. This acquisition expands the Company’s product portfolio, in particular providing new expertise in advanced injection molding technologies for demanding applications in vehicles. In addition to our successful acquisition program, the Company continues to deploy its financial strength in a variety of other ways to increase shareholder value. These include the purchase in this quarter of 2.1 million shares of the Company’s stock pursuant to our stock repurchase plan as well as the previously announced increase in the quarterly dividend to $.105 per share effective for dividends paid after March 2012.”“Based on the assumption of stable economic conditions and current currency exchange rates including a relatively weaker euro, we expect third quarter 2012 revenues in the range of $1.080 billion to $1.100 billion and diluted EPS in the range of $.87 to $.90. For the full year 2012, we now expect to achieve revenues and diluted EPS in the range of $4.210 billion to $4.250 billion and $3.38 to $3.44, respectively, an increase of 7% to 8% and 11% to 13% over 2011 revenues and diluted EPS (excluding 2011 one-time items), respectively. This compares to prior full year 2012 guidance for revenues and diluted EPS in the range of $4.105 billion to $4.190 billion and $3.30 to $3.38, respectively. Despite the widely reported uncertainties in many global economies, we believe we can perform well in the dynamic electronics market due to our leading technology, increasing positions with our customers in diverse markets, worldwide presence, lean cost structure, and agile, experienced and entrepreneurial management team.”
Second Quarter 2012 Record Results Reported By Amphenol Corporation
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