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Amphenol Reports Results
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Business New Haven
2/7/2000
By: BNH
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WALLINGFORD - Amphenol Corp. (NYSE: APH) announced net sales for its fourth quarter ending December 31 of $269.1 million, compared to $233.4 million for the 1998 period. Net income was $5.3 million after an extraordinary charge of $8.7 million for early extinguishment of debt (76 cents per share before extraordinary item, 29 cents per share including extraordinary item), compared to $8.3 million (46 cents per diluted share) for the 1998 fourth quarter. Revenues for the 1999 year were reported at $1.0 billion, compared to $918.9 million for the 1998 year. Net income for the year was $35.6 million after extraordinary charge ($1.94 per diluted share after charge, $2.42 per share before charge), compared to net income of $36.5 million ($2.03 per diluted share) for 1998.
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