WALLINGFORD, CT -- Amphenol today reported fourth-quarter sales were essentially flat at $1.43 billion, beating company guidance.

Net profit was up 3.4% from a year ago to $200.1 million. In the year-ago quarter, the company had sales of $1.427 billion.

Currency translation had the effect of decreasing sales by approximately $41 million in the quarter. Operating margins were 20.2% in the quarter.

For the year ended Dec. 31, the connector and PCB manufacturer reported sales of $5.57 billion, up 4.2% from a year ago. Currency translation negatively impacted sales by approximately $190 million. Higher demand in automotive and industrial offset declines in information technology and data communications, and in mobile networks. Net profit was up 7.7% to $764 million.

In releasing the results, Amphenol chief executive and president Adam Norwitt said, “We are very pleased to report results above the high end of our guidance, despite a very challenging economic environment. Compared to 2014, sales were flat in US dollars and increased by 3% in local currencies. Our growth in local currencies was driven both organically and through the company’s successful acquisition program.

“Based on current currency exchange rates, we expect first quarter 2016 sales in the range of $1.38 billion to $1.42 billion, an increase over 2015 of 4% to 7% in US dollars. For the full year 2016, we expect sales in the range of $6.04 billion to $6.2 billion.

The company guidance would be the equivalent of an 8% to 11% gain including the recent acquisition of FCI, and a drop of 1% to 2% organically.