AMPHENOL CORP /DE/ Annual Report, Year Ended Dec 31, 2008

Amphenol Corporation, a leading designer and manufacturer of electrical, electronic, and fiber optic connectors, reported solid performance for the fiscal year ended December 31, 2008. The company generated net sales of $3.24 billion and net income of $419.2 million. A significant portion of its revenue, approximately 64%, is derived from international operations, highlighting its global reach. The company's primary end markets include communication systems (62% of sales), industrial applications (19%), and commercial aerospace & military (19%), demonstrating diversification across key sectors. Despite the challenging economic environment at the end of 2008, Amphenol demonstrated resilience with a 14% increase in net sales compared to the previous year, driven by strong performance in its Interconnect Products and Assemblies segment, which accounts for the majority of its revenue. The company continues to execute its strategy of pursuing strategic acquisitions and maintaining cost controls, which contributed to an operating income increase of 14% year-over-year. Amphenol also generated substantial operating cash flow, enabling it to fund capital expenditures, acquisitions, and return capital to shareholders through share repurchases and dividends.