Amphenol Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income attributable to the company of $193.5 million compared to net income attributable to the company of $167.9 million a year ago. Operating income was $278.9 million compared to $241.4 million a year ago. Income before income taxes was $263.9 million compared to $228.9 million a year ago. The company reported diluted earnings per share excluding one-time items of $0.63 compared to $0.53 for the comparable 2013 period. On an as reported basis, diluted earnings per share were $0.61 and $0.52 for the fourth quarter of 2014 and 2013, respectively. Sales for the fourth quarter of 2014 were a record $1.427 billion compared to $1.246 billion for the 2013 period. Currency translation had the effect of decreasing sales by approximately $22 million in the fourth quarter of 2014 compared to the 2013 period.


For the year, the company reported net income attributable to the company of $709.1 million compared to net income attributable to the company of $635.7 million a year ago. Operating income was $1,034.6 million compared to $896.8 million a year ago. Income before income taxes was $972.5 million compared to $846.6 million a year ago. Cash flow provided by operating activities was $880.9 million compared to $769.1 million a year ago. Additions to property, plant and equipment were $209.1 million compared to $158.4 million a year ago. Diluted earnings per share was $2.21 on an as reported basis and $2.25 excluding one-time items, compared to $1.96 on an as reported basis and $1.93 excluding one-time items for the comparable 2013 period. Sales for the full year ended December 31, 2014 were $5.346 billion compared to $4.615 billion for the 2013 period. Currency translation had the effect of decreasing sales by approximately $3 million for the full year 2014 compared to the 2013 period.

The company expects first quarter 2015 sales in the range of $1.286 billion to $1.326 billion, an increase of 3% to 6% in US dollars and 7% to 10% in local currencies over 2014, and diluted EPS (excluding one-time items) in the range of $0.55 to $0.57, an increase of 10% to 14% over 2014.

For the year 2015, the company expects to achieve sales in the range of $5.493 billion to $5.653 billion, an increase of 3% to 6% in US dollars and 6% to 9% in local currencies over 2014, and diluted EPS (excluding one-time items) of $2.41 to $2.49, an increase of 7% to 11% over 2014.