Amphenol (APH) Tops Q1 EPS by 2c; Bumps Low End of Guidance

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First Quarter 2016 Results Reported by Amphenol Corporation

April 20, 2016 8:00 AM EDT

WALLINGFORD, Conn.--(BUSINESS WIRE)-- Amphenol Corporation (NYSE: APH) reported today first quarter 2016 diluted earnings per share of $0.59 (excluding one-time items) compared to first quarter 2015 results of $0.57. On an as reported basis, first quarter 2016 diluted earnings per share was $0.50. Such per share amount for the 2016 quarter includes a charge for acquisition-related costs of $30 million ($0.09 per share) relating to our acquisition of FCI Asia Pte Ltd (FCI) on January 8, 2016. Acquisition-related costs include external transaction costs, amortization related to the value associated with acquired backlog and restructuring charges. Sales for the first quarter of 2016 were $1.451 billion... More