WALLINGFORD, CT -- Amphenol today reported record fourth-quarter and annual revenue, up 15% and 16%, respectively, year-over-year.

Net income was up 15.3% to $194.8 million. Operating margins also set a record at 20.2%, excluding one-time items, in the quarter, up 30 basis points sequentially and 50 basis points from prior year. Cash flow from operations was $273 million.

Sales for the year ended Dec. 31 were $5.35 billion, up from $4.62 billion a year ago and up 5% sequentially. Currency translation had the effect of decreasing sales by approximately $3 million in compared to the 2013 period. NEt sales were up 12% to $715.2 million.

In a statement, Amphenol chief executive and president Adam Norwitt said, “We are pleased to report new records of performance in the fourth quarter, with sales up 15% over the comparable 2013 quarter. The company achieved growth in most markets with particular strength in the automotive, industrial and mobile networks markets. This growth was driven both organically and through the company’s successful acquisition program.

"There continues to be a great deal of geopolitical and market uncertainty around the world, including in particular increased volatility and a significant weakening of certain overseas currencies. Considering this economic environment, we expect first quarter sales in the range of $1.286 billion to $1.326 billion, an increase of 3% to 6% in US dollars and 7% to 10% in local currencies over 2014. For 2015, we expect to sales in the range of $5.493 billion to $5.653 billion, an increase of 3% to 6% in US dollars and 6% to 9% in local currencies." 

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