News
WALLINGFORD, CT - Amphenol Corp. said that fourth-quarter earnings rose on strong performance in its core business, and the company declared its first-ever quarterly dividend.
The company said net income for the quarter was $45.6 million, up from $33 million a year ago.
Sales rose to $404 million from $342 million. Amphenol said sales at its interconnect products segment, which accounts for 87% of total sales, were up 20% from a year ago.
Analysts surveyed by Thomson First Call were expecting the company to earn 49 cents in the latest quarter on sales of $393.6 million.
For the year, net income rose to $163.3 million from $104 million. Sales rose to $1.53 billion from $1.24 billion.
SAN FRANCISCO -- A leading analyst today maintained its cautious outlook for providers of electronics manufacturing services.
Deutsche Bank said recent reports from major OEMs that outsource manufacturing indicate tepid and in some cases negative growth ahead for EMS firms.
In hardware sales, IBM, a leading outsourcer, reported a 1% year-on-year increase in the fourth quarter due to slowness in its mainframes, storage and PC businesses, down from 9% sequentially. Motorola and Juniper fell on a year-on-year basis.
Handset shipments improved as Motorola and SonyEricsson beat quarterly forecasts, although the average selling prices were lower than expectations, DB said.
SECAUCUS, NJ -- Panasonic Industrial Co. today named Arrow Electronics as an authorized North American distributor of its passive and electromechanical products, effective Feb. 28.
Arrow, one of the world's largest component distributors, currently sells Panasonic's parts in Europe and Canada.
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