WALLINGFORD, CT – Amphenol reported fourth quarter net sales increased 14.4% year-over-year to $2.2 billion.

Revenues beat guidance due to incremental sales of products into the mobile devices market, the firm says. Revenues also were driven by strong organic growth across most of Amphenol’s end markets, including military, IT and data communications, mobile networks, commercial air, and broadband.

Interconnect Products and Assemblies sales (95.4% of net sales) increased 14.6% to $2.1 billion, compared to the same quarter in the prior year. Cable Products and Solutions sales were $102.3 million, up 12% year-over-year.

As of Dec. 31, Amphenol had cash and cash equivalents worth $1.29 billion, compared to $1.02 billion as of Sept. 30.

Cash flow from operations was $378 million, compared with $339 million in the previous quarter.

During the fourth quarter, the company repurchased approximately 3 million shares.

For the first quarter of 2019, Amphenol projects sales between $1.898 billion and $1.938 billion.

Amphenol recently completed the acquisition of SSI Controls Technologies, a designer and manufacturer of sensors and sensing products for the automotive and industrial markets, with annual sales of approximately $180 million.

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