fourth-quarter earnings rose 20% from a year ago on a 26% rise in sales.
The fiberoptic device maker earned $55.8 million, or 61 cents a share, in the quarter, compared with $45.6 million, or 51 cents a share, last year. Sales were $508.1 million in the latest quarter compared with $404 million a year ago. Analysts were forecasting earnings of 60 cents a share on sales of $468.4 million, according to Thomson First Call.
Excluding the effect of the newly acquired Connection Systems Division of
, Amphenol improved its operating margin in this quarter to 19.3% from 18.8% a year ago. The gain was driven by the improved profitability of the interconnect product segment offset in part by lower cable product margins, which continue to be impacted by increasing material and freight related costs.
Sales in the interconnect products segment of the business, which represents 89% of total company sales, rose 27% from last year. The cable products segment, which is primarily for broadband cable television networks and accounts for 11% of the sales, saw sales rise 14% over the previous year.
Amphenol said: "Assuming a continuation of the current economic climate and relatively stable currency exchange rates, we believe that we can achieve revenues and EPS in 2006 in the range of $2.25 billion to $2.3 billion and $2.56 to $2.63 a share, respectively." Analysts expected $2 billion in sales and $2.62 a share in earnings.
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