Amphenol Updates Guidance - Quick Facts

(RTTNews) - Amphenol Corp. (APH) announced, for 2017, the company now expects to achieve sales in the range of $6.828 billion to $6.868 billion, an increase over 2016 of 9%. The company expects an adjusted EPS of $3.19 to $3.21, an increase of 17% to 18% over 2016. The full year guidance now reflects an effective tax rate of approximately 23%. This compares to the prior guidance of $6.620 billion to $6.700 billion in sales and adjusted EPS of $3.06 to $3.10, which reflected a full year effective tax rate of approximately 23% to 24%.

The company expects fourth-quarter sales in the range of $1.760 billion to $1.800 billion and adjusted EPS in the range of $0.79 to $0.81.

Amphenol reported adjusted EPS for the third quarter of $0.88 compared to $0.73. Sales for the third quarter of 2017 were a record $1.841 billion compared to $1.636 billion for the comparable 2016 period.