Fiber optic connectors and interconnect systems maker Amphenol Corp.'s (APH) first-quarter net income attributable to the company climbed to $153.0 million, or $0.94 per share, from $126.56 million, or $0.77 per share, last year.
The recent quarter's reported earnings per share included an income tax benefit of $11 million or $0.07 per share resulting from the delay, by the U. S. government, in the reinstatement of certain federal income tax provisions for 2012 relating primarily to research and development credits and certain U.S. taxes on foreign income. Such tax provisions were reinstated on January 2, 2013 with retroactive effect to 2012.
Net sales in the quarter grew to $1.08 billion, from $981.6 million a year before. Currency translation had the effect of decreasing sales by about $2 million in the first quarter 2013 compared to the 2012 period.
Looking ahead, Amphenol expects second-quarter 2013 revenues in the range of $1.115 billion to $1.140 billion and EPS, excluding one-time items, of $0.92 to $0.95.
For the year 2013, the company now sees revenues and EPS, excluding one-time items, in the range of $4.580 billion to $4.655 billion and $3.76 to $3.85, respectively. Analysts project earnings of $3.82 per share and revenue of $4.63 billion for 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.