AmphenolFor the year ended December 31, 2008, the Company reported net sales, Amphenoloperating income and net income of $3,236.5 million, $632.2 million and $419.2 million, respectively; up 14%, 14% and 19%, respectively, from 2007. Sales of interconnect products and assemblies Amphenoland sales of cable products increased in predominantly all of the Company's related major markets and geographic regions. Sales and profitability trends are discussed in detail in "Results of Operations" below. In addition, a strength of the Company is its ability Amphenolto consistently generate cash. The Company uses cash generated from operations to fund capital expenditures and acquisitions, repurchase shares of its common stock, pay dividends and reduce indebtedness. In 2008, the Company generated operating cash flow of $481.5 million.
Table of Contents
Results of Operations
The following table sets forth the components of net income as a percentage of net sales for the periods indicated.
Year Ended December 31, 2008 2007 2006Net sales 100.0 % 100.0 % 100.0 %Cost of sales 67.6 67.4 68.1Selling, general and administrative expense 12.9 13.2 13.9Casualty loss related to flood - - .8Operating income 19.5 19.4 17.2Interest expense (1.2 ) (1.3 ) (1.6 )Other expenses, net (.3 ) (.5 ) (.5 )Income before income taxes 18.0 17.6 15.1Provision for income taxes (5.0 ) (5.2 ) (4.8 )Net income 13.0 % 12.4 % 10.3 %相关商机:
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AmphenolSector is averaging in the 18%-20% range