Amphenol Q2 Profit Rises - Quick Facts

(RTTNews) - Amphenol Corp. (APH) reported second-quarter net income attributable to company of $153.99 million or $0.95 per share, compared to $140.94 million or $0.86 per share last year.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit of $0.94 per share for the quarter. Analysts' estimates typically exclude special items.

Sales were $1.14 billion, compared to $1.06 billion last year. Currency translation had the effect of increasing sales by approximately $2.1 million in the second quarter 2013 compared to the 2012 period. Analysts expected revenue of $1.14 billion for the quarter.

Amphenol expects third-quarter revenues in the range of $1.120 billion to $1.145 billion and profit per share in the range of $0.95 to $0.98. Analysts expect the company to report third-quarter profit per share of $1.00 on revenue of $1.19 billion.

For the year 2013, the company now expects to achieve revenues in the range of $4.490 billion to $4.540 billion and profit per share, excluding one-time items, in the range of $3.73 to $3.79. This compares to prior full year 2013 guidance for revenues and profit per share, excluding one-time items, in the range of $4.580 billion to $4.655 billion and $3.76 to $3.85, respectively. Analysts expect the company to report full year 2013 profit per share of $3.85 on revenue of $4.63 billion.

The company's Board has approved an increase in the quarterly dividend to $0.20 per share to be paid on or about October 2, 2013 to holders of record of the Class A common stock as of September 11, 2013.