Amphenol 2Q Earnings Up 50%

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Amphenol Corp. said Wednesday that its second-quarter diluted earnings per share rose 50% to 45 cents versus 30 cents in the year-ago period.

The producer of electronic and fiber-optic connectors, cable and interconnect systems took a one-time charge in the previous-year quarter, which diluted earnings per share by 22 cents, to refinance its long term debt.

Sales in the period jumped 27% to a record $387.119 million from $304.893 million in the second quarter of 2003.

For the first half of 2004, diluted earnings per share were 85 cents versus 57 cents in the previous-year period. Sales for the six months were $742.38 million compared with $582.667 million in the first half of 2003.