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WALLINGFORD, CT – Amphenol Corp. reported fourth-quarter 2005 net income of about $200 million while sales rose 26% to $508.1 million.

For the year ended Dec. 31, the company reported sales of $1.81 billion, up 18.3% over a year ago and a new company high.

Fourth quarter results include sales by the former Teradyne Connection Systems of $35 million in December.

Interconnect products – 89% of the company’s overall sales – was up 27% “with excellent profitability,” said Amphenol chairman and CEO Martin H. Loeffler.

The company said growth was broad-based and included all major geographic regions. Growth was especially strong in the mobile device market. Cable products was up 14% over the prior year.

Operating income margin in the quarter was 18.5%, down from 18.8% last year. Excluding the impact of TCS, which in December had operating income margins of 7.5%, the fourth quarter margin was 19.3%. Cash flow from operations was $75 million.

The company guided for 2006 revenues of $2.25 billion to $2.3 billion. For the first quarter it forecast revenues of $535 million to $545 million. The TCS acquisition is expected to be accretive for 2006, but slightly dilutive in the first half.

VANCOUVER – Brio Technology Co., the North American arm of Brio Technology Ltd., a Beijing-based EMS company, will move into a new 130,000 sq. ft. building in next month.

Within the new facility, which spans eight floors, one floor is slated for prototype and preproduction runs.
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Foothill Ranch, CA – Valor Computerized Systems has opened a dedicated business unit in Latin America. Dante Dominguez will serve as general manager for the region.
 
Over the past year Valor has built up its presence in Central and South America, adding local engineering resources. According to the company, local markets show significant signs of revival, proving to be effective competitors to offshore markets.

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