|
|
|
First Quarter Results Reported by Amphenol Corp.
|
Business New Haven
4/29/2002
By: BNH
|
WALLINGFORD - Amphenol Corporation (NYSE-APH) reported that first quarter 2002 diluted earnings per share were $.40 compared to $.67 per share for the same period of 2001.
Sales for the first quarter 2002 were $255,976,000 compared to $316,672,000 for the 2001 period. Currency translation had the effect of decreasing sales by approximately $5.3 million in the first quarter 2002 when compared to the 2001 period.
The company has adopted Financial Accounting Standard No. 142 “Goodwill and Other Intangible Assets,” which had the effect, beginning January 1, 2002, of eliminating the amortization of goodwill. Had such standard been in effect for 2001, diluted earnings per share for the first quarter 2001 would have been $.75.
Relative to sales in the first quarter of 2001, sales in the first quarter of 2002 were down in the broadband, telecom and datacom markets, and to a lesser degree in industrial markets. These losses were partially offset by increases in the aerospace and defense markets.
Amphenol Corporation is one of the world's leading producers of electronic and fiber optic connectors, cable and interconnect systems. Amphenol products are engineered and manufactured in the Americas, Europe and Asia and sold by a worldwide sales and marketing organization.
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
