WALLINGFORD, CT -- Amphenol reported today record fourth quarter sales of $1.65 billion, up 15.4% from a year ago.

Currency translation had the effect of decreasing sales by approximately $20 million in the quarter, the company said. Operating cash flow in the quarter was $349 million.

The printed circuit and connector maker saw organic growth in all markets except mobile devices and commercial aerospace.

For the 12 months ended Dec. 31, sales rose 12.9% to $6.29 billion, with currency translation effects decreasing sales by approximately $60 million. Operating cash flow for the year was $1.08 billion.

In a statement, Amphenol president and chief executive Adam Norwitt said, “We are very pleased to close 2016 above the high end of our guidance with record sales in the quarter of $1.651 billion. We achieved these results despite the ongoing uncertainties in the global economy.

During the year the company acquired FCI, the largest acquisition in its history.

Amphenol guided for first quarter sales of $1.5 billion to $1.54 billion, and full year sales of $6.34 billion to $6.5 billion, an increase over 2016 of 1% to 3%. “The current economic environment remains uncertain, including in particular the dynamics related to any potential government policy changes," Norwitt said.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article