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www.HartfordBusiness.com • June 25, 2018 • Hartford Business Journal 17 Corporate Profile Amphenol Corp. 358 Hall Ave., Wallingford, CT www.amphenol.com Amphenol Corp. designs and manu- factures electrical, electronic and fiber- optic connectors. 2015 2016 2017 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 In millions of dollars Profits Revenues $763.5M $822.9M $650.5M $5.57B $6.29B $7.01B $763.5M $822.9M $650.5M News Headlines ■ ■ In May, Fortune said Amphenol Corp. was now 403rd on its list of the 500 largest publicly traded companies, up from 462nd in 2016. ■ ■ In April, Amphenol named the managing director and head of Bank of America Merrill Lynch, Anne Clarke Wolff, to its board of directors. ■ ■ Also in April, Minnesota-based 3M Co. and 3M Innovative Properties Co. sued Amphenol, accusing the company of infringing on its data transmission cable patents. Corporate suite Stock Non-equity Exec. Salary Bonus Awards Incentive Total R.A. Norwitt President & CEO $1,093,000 $0 n/a $1,776,125 $8,165,544 C.A. Lampo SVP & CFO $475,000 $0 n/a $370,500 $2,643,666 L. Walter SVP $580,000 $0 n/a $603,200 $2,597,348 Profits and Revenues Fact box Industry: Diversified electronics 1Q 2018 Revenue: $1.9B 1Q 2018 Net Income: $268.3M 1Q 2017 Net Income: $227.3M Quarterly Profit Change: $41M Cash: $1B Employees: 70,000 Competitors: CommScope Holding Co. Molex Inc. TE Connectivity LTD Stock watch Ticker Symbol APH Market Cap $27B 52 Week Range Price $72.35-$93.62 Outstanding Shares 301.44M Top institutional investors Shares % Stake FMR LLC 37,822,096 12.38 Vanguard Group Inc. 31,186,569 10.21 Capital World Investors 26,628,172 8.72 Richard Adam Norwitt, CEO & President retail partners from its or their offices. Other CUSOs in Connecticut pro- vide financial support and wholesale and correspondent banking services to other credit unions. American Eagle Financial Credit Union, with $1.6 bil- lion in assets and more than 30,000 members, has a CUSO that offers investment services. Nutmeg's CUSO is already active. Earlier this month, it announced the acquisition of DaLand Solutions, a Colorado data-services vendor to U.S. credit unions. (Nutmeg's former operations chief Levesque has been named DaLand's CEO.) Nutmeg is absorbing DaLand's three core services, which it will be able to offer to other credit unions: project manage- ment, which manages many different types of technology implementations; brokerage, which handles core, electronic funds transfer, and other technology searches; and en- terprise services, which develops software and custom technology solutions. Meantime, Source Technolo- gies, a Charlotte- based provider of software-hard- ware solutions to credit unions, cus- tomized a "digital platform'' to power Nutmeg's electronic self-serve financial kiosks and enable its DMV Express license services. "Innovation leaders like Nutmeg State are re-thinking their 'go-to' market and engagement strategies and responding with leading-edge technologies to meet market demand,'' said Grant Armistead, Source Technol- ogies' director of self-service sales. "In- stitutions striving to remain competi- tive and relevant will mirror Nutmeg's approach and technologies." Co-branding Nutmeg, too, eyes opportunities to be where its customers are. For instance, Levesque says the credit union has spoken to popular coffee franchisors Dunkin' Donuts and Starbucks, as well as independent cellular-service vendors and others, about locating its self-serve financial kiosks within their stores. It's a similar strategy that banks have deployed to locate branches within certain high-foot-traffic retail outlets. People's United Bank's presence in Stop & Shop grocery stores is a prominent example in Connecticut. Dunkin' Donuts says while it has not spoken to Nutmeg about a part- nership, it's possible the credit union broached the idea with one of its Con- necticut franchisees. American Eagle Financial Credit Union CEO Dean Marchessault said he and other credit union executives are trying to figure out new or different ways to get in front of customers. "There's a big efficiency play hap- pening in our industry," Marchessault said "We go where the people are." (From left) Gov. Dannel P. Malloy, Nutmeg State Financial Credit Union CEO John Holt, and Milford Mayor Benjamin Blake at the June 6 opening of Nutmeg's DMV Express branch. Guy Messick, General Counsel, National Association of Credit Union Service Organizations