Amphenol Corp.: A Healthy Diet of Fiber

Cable and connector supplier reports record 2Q growth and plans to reorganize upper management. July 24, 2008 -- Amphenol Corp., a manufacturer of electronic and fiber optic connectors, cable and interconnect systems, last week reported a record second quarter in which sales grew 23% over last year to $847 million and earnings per share grew 33%. Amphenol chairman and CEO, Martin Loeffler said the company's strategy of ongoing market and geographic diversification, combined with a strong commitment to develop performance-enhancing technologies, continues to help expand its growth opportunities. "The growth we achieved in the second quarter is very satisfying and is a direct result of consistently implementing our strategies," said Loeffler. "While economic uncertainties continue to be broadly reported ... we continue to see... [read full story]