WALLINGFORD, CT -- Amphenol today reported fourth-quarter net income fell 13% to $114,000.

Sales for the printed circuit board and connector manufacturer slipped to $949 million from $950 million in 2010 and down 8% sequentially. Currency translation added $2 million to revenue in the quarter.

Operating income margin (excluding one-time items) was 18.5%. The company saw strength in mobile devices, automotive, commercial aerospace and industrial markets, offset by declines in defense and communication equipment.

The book-to-bill ratio in the quarter was 1.04 and orders were up 4% from prior year levels.

The results included one-time charges of $9 million ($5 million after tax) related to the previously announced flood damage at the company’s Sidney, NY, connector facility, and $2 million in transaction costs related to the November acquisition of FEP, a German interconnect manufacturer.

For the year ended Dec. 31,  on sales of $3.94 billion, up 11% from 2010. Currency translation boosted sales by approximately $60 million.

Amphenol guided for first-quarter revenue of $960 million to $975 million, and full year 2012 revenues of $4.05 billion to $4.15 billion.

 

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article