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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

Commission File Number 1-10879

AMPHENOL CORPORATION
(Exact name of Registrant as specified in its Charter)

        Indicate by check mark whether the Registrant (1) has filed reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý    No o

        Indicate by checkmark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act). Yes ý    No o

        As of October 31, 2003, the total number of shares outstanding of Class A Common Stock was 43,751,292.

AMPHENOL CORPORATION

Index to Quarterly Report on Form 10-Q

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Part I. Financial Information

Item 1. Financial Statements

AMPHENOL CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
(dollars in thousands)

See accompanying notes to condensed consolidated financial statements.

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AMPHENOL CORPORATION
CONSOLIDATED STATEMENT OF INCOME
(Unaudited)
(dollars in thousands, except per share data)

See accompanying notes to condensed consolidated financial statements.

4

AMPHENOL CORPORATION
CONSOLIDATED STATEMENT OF CHANGES
IN SHAREHOLDERS' EQUITY
for the nine months ended September 30, 2003
(Unaudited)
(dollars in thousands)

See accompanying notes to condensed consolidated financial statements.

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AMPHENOL CORPORATION
CONSOLIDATED STATEMENT OF CHANGES
IN SHAREHOLDERS' EQUITY
for the nine months ended September 30, 2002
(Unaudited)
(dollars in thousands)

See accompanying notes to condensed consolidated financial statements.

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AMPHENOL CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW
(Unaudited)
(dollars in thousands)

See accompanying notes to condensed consolidated financial statements.

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AMPHENOL CORPORATION
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(dollars in thousands, except per share data)

Note 1—Principles of Consolidation and Interim Financial Statements

        The condensed consolidated balance sheet as of September 30, 2003 and December 31, 2002, and the related consolidated statements of income for the three and nine months ended September 30, 2003 and 2002 and of changes in shareholders' equity and of cash flow for the nine months ended September 30, 2003 and 2002 include the accounts of Amphenol Corporation and its subsidiaries (the "Company"). The interim financial statements included herein are unaudited. In the opinion of management all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of such interim financial statements have been included. The results of operations for the three and nine months ended September 30, 2003 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the financial statements and notes included in the Company's 2002 Annual Report on Form 10-K/A.

Note 2—Refinancing and New Credit Agreement

        In May 2003, the Company completed a refinancing of its senior credit facilities and redeemed all of its outstanding Senior Subordinated Notes ("Notes"). The new credit facilities ("new Bank Agreement") consisted of: (1) a $125,000 five year revolving credit facility, (2) a $125,000 Tranche A loan which will amortize over the five year period through May 2008 and (3) a $500,000 Tranche B loan with $5,000 per year amortization through 2009 and a final maturity in 2010. The Company's borrowing rate on the revolving credit facility and the Tranche A loan is LIBOR plus 200 basis points and on the Tranche B loan is LIBOR plus 250 basis points. As of September 30, 2003, there was $700 outstanding on the revolving credit facility, $120,000 outstanding on the Tranche A loan, and $413,000 outstanding on the Tranche B loan. In connection with the refinancing, the Company incurred one-time expenses for the early extinguishment of debt of $10,367 (less tax effects of $3,525) or $.16 per share after tax. Such one-time expenses include the call premium on the Notes, write-off of unamortized deferred debt issuance costs and other related costs. In conjunction with entering into the new Bank Agreement the Company entered into interest rate swap agreements that fix the Company's LIBOR interest rate on $250,000 and $150,000 of floating rate bank debt at 2.44% and 1.24% and expire in 2006 and 2004, respectively. In November 2003, the Company completed an amendment to the new Bank Agreement to reduce the LIBOR margin on the Tranche B loan to 200 basis points.

Note 3—Secondary Stock Offering

        On August 15, 2003, stockholders of the Company sold approximately 10.0 million shares of Class A common stock in a public offering. Of the shares sold, approximately 9.0 million shares were sold by affiliates of Kohlberg Kravis Roberts & Co. ("KKR") and approximately 1.0 million shares were sold by management. The Company incurred approximately $750 in transaction costs primarily for legal, accounting and printing related expenses. These costs are included in "other expenses, net" in the accompanying Consolidated Statement of Income. In conjunction with the offering, the Company realized approximately $23,100 in proceeds from the exercise of stock options and related tax benefit.

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Note 4—Inventories

        Inventories consist of:

Note 5—Reportable Business Segments

        The Company has two reportable business segments: interconnect products and assemblies and cable products. The interconnect products and assemblies segment produces connectors and connector assemblies primarily for the communications, aerospace, industrial and automotive markets. The cable products segment produces coaxial and flat ribbon cable and related products primarily for communication markets, including cable television. The Company evaluates the performance of business units on, among other things, profit or loss from operations before interest expense, headquarters' expense allocations, income taxes and nonrecurring gains and losses. The Company's reportable segments are an aggregation of business units that have similar production processes and products.

        The segment results for the three months ended September 30, 2003 and 2002 are as follows:

        The segment results for the nine months ended September 30, 2003 and 2002 are as follows:

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        Reconciliation of segment operating income to consolidated income before taxes for the third quarter and nine months ended September 30, 2003 and 2002:

Note 6—Commitments and Contingencies

        In the course of pursuing its normal business activities, the Company is involved in various legal proceedings and claims. Management does not expect that amounts, if any, which may be required to be paid by reason of such proceedings or claims will have a material effect on the Company's financial position or results of operations.

        Subsequent to the acquisition of Amphenol from Allied Signal Corporation in 1987 (Allied Signal merged with Honeywell International Inc. in December 1999 ("Honeywell")), Amphenol and Honeywell have been named jointly and severally liable as potentially responsible parties in relation to several environmental cleanup sites. Amphenol and Honeywell have jointly consented to perform certain investigations and remedial and monitoring activities at two sites and they have been jointly ordered to perform work at another site. The costs incurred relating to these three sites are currently reimbursed by Honeywell based on an agreement entered into in connection with the acquisition in 1987. For all sites covered by this agreement, to the extent that conditions or circumstances occurred or existed at the time of or prior to the acquisition, Honeywell is currently obligated to reimburse Amphenol 100% of such costs. Honeywell representatives work closely with the Company in addressing the most significant environmental liabilities covered by the Agreement. Management does not believe that the costs associated with resolution of these or any other environmental matters will have a material adverse effect on the Company's financial condition or results of operations. The environmental cleanup matters identified by the Company, including those referred to above, are covered under the Honeywell agreement.

        A subsidiary of the Company has an agreement with a financial institution whereby the subsidiary can sell an undivided interest of up to $85,000 in a designated pool of qualified accounts receivable. The agreement expires in May 2004. Under the terms of the agreement, new receivables are added to the pool as collections reduce previously sold accounts receivable. The Company services, administers and collects the receivables on behalf of the purchaser. Program fees payable to the purchaser under this agreement are equivalent to rates afforded high quality commercial paper issuers plus certain administrative expenses and are included in other expenses, net, in the accompanying Consolidated Statement of Income. The agreement contains certain covenants and provides for various events of termination. At September 30, 2003 and December 31, 2002, approximately $69,300 and $63,200, respectively, of receivables were sold under the agreement and are therefore not reflected in the accounts receivable balance in the accompanying Condensed Consolidated Balance Sheet.

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Note 7—Stock Options

        The Company applies APB Opinion 25, "Accounting for Stock Issued to Employees," and related interpretations in accounting for stock options. Accordingly, no compensation cost has been recognized for the stock options. Had compensation cost for stock options been determined based on the fair value of the option at date of grant consistent with the provisions of FAS No. 123, "Accounting for Stock-Based Compensation," the Company's net income and earnings per share for the three and nine months ended September 30, 2003 and 2002 would have been reduced to the pro forma amounts indicated below:

Note 8—New Accounting Pronouncements

        In June 2002, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 146 (FAS 146), "Accounting for Costs Associated with Exit or Disposal Activities." The statement addresses financial accounting and reporting for costs associated with exit or disposal activities and requires that a liability for such costs be recognized and measured in the period in which a liability is incurred. The statement was effective beginning January 1, 2003, and did not have a material impact on the Company's Consolidated Financial Statements.

        In November 2002, the Financial Accounting Standards Board issued Interpretation No. 45 (FIN 45), "Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others." The Interpretation addresses the disclosures to be made by a guarantor in its financial statements about its obligations under guarantee. In addition, it also clarifies the requirements related to the recognition of a liability by a guarantor at the inception of a guarantee for the obligations the guarantor has undertaken in issuing that guarantee. The initial recognition and measurement provisions of this interpretation are applicable on a prospective basis to guarantees issued or modified after December 31, 2002. The disclosure provisions became effective December 15, 2002 and did not have a material impact on the Company's Consolidated Financial Statements.

        In December 2002, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 148 (FAS 148), "Accounting for Stock-Based Compensation—Transition and Disclosure." FAS No. 148 provides alternative methods of transition for a voluntary change to the fair value based method of accounting for stock-based employee compensation. In addition, this statement amends the disclosure requirements of FAS No. 123 to require prominent disclosures in both annual and interim financial statements about the method of accounting for stock-based employee compensation and the effect of the method used on reported results. The Company has elected to continue to apply APB Opinion 25, "Accounting for Stock Issued to Employees," and related

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interpretations in accounting for stock options, and the disclosures required by FAS Nos. 123 and 148 are included in Note 7 herein.

        In January 2003, the Financial Accounting Standards Board issued Interpretation No. 46 (FIN 46), "Consolidation of Variable Interest Entities." It requires that the assets, liabilities and results of the activity of variable interest entities be consolidated into the financial statements of the company that has controlling financial interest. It also provides the framework for determining whether a variable interest entity should be consolidated based on voting interest or significant financial support provided to it. This Interpretation is effective December 15, 2003, and is not expected to have a material impact on the Company's Consolidated Financial Statements.

        In April 2003, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 149 (FAS 149), "Amendment of Statement 133 on Derivative Instruments and Hedging Activities." This statement amends and clarifies financial accounting and reporting for derivative instruments embedded in other contracts and for hedging activities under FAS 133, "Accounting for Derivative Instruments and Hedging Activities." This statement is effective for contracts entered into or modified after June 30, 2003, and did not have a material impact on the Company's Consolidated Financial Statements.

        In May 2003, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 150 (FAS 150), "Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity." This statement establishes standards for how an issuer classifies and measures in its statement of financial position certain financial instruments with characteristics of both liabilities and equity. It requires that an issuer classify a financial instrument that is within its scope as a liability (or an asset in some circumstances) because that financial instrument embodies an obligation of the issuer. This statement is effective for financial instruments entered into or modified after May 31, 2003, and did not have a material impact on the Company's Consolidated Financial Statements.

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MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
(dollars in millions, unless otherwise noted, except per share data)

Item 2. Results of Operations

Quarter and Nine months ended September 30, 2003 compared to the quarter and nine months ended September 30, 2002

        Net sales increased approximately 17% to $314.8 and 13% to $897.5 in the third quarter and nine months of 2003, respectively, compared to sales of $268.1 and $795.0, respectively, for the same periods in 2002. External sales of interconnect products and assemblies increased 19% in the third quarter 2003 compared to 2002 ($269.9 in 2003 versus $227.4 in 2002) and 17% in the nine months 2003 compared to 2002 ($777.9 in 2003 versus $663.4 in 2002). Sales increased in the Company's major end markets including the mobile communications, computer/data communications, industrial, automotive, and military/aerospace markets. The increases occurred in all major geographic regions, with approximately one third of the increase attributable to the effect of currency translation, as detailed below. The remaining increase resulted primarily from new acquisitions and the continuing development of new application specific and value added products. External sales of cable products increased 10% in the third quarter 2003 compared to 2002 ($44.9 in 2003 versus $40.8 in 2002) and decreased 9% in the nine months of 2003 compared to 2002 ($119.6 in 2003 versus $131.6 in 2002.) The increase in sales in the third quarter related primarily to an increase in sales to international cable operators. The decrease in the nine month period is primarily attributable to decreased sales of coaxial cable products for the broadband communications market resulting from the slowdown in capital spending by both domestic and international cable operators for network upgrades and expansion. Geographically, sales in the United States in the third quarter and nine months 2003 increased 12% and 6%, respectively, compared to the same periods in 2002 ($143.3 and $404.9 in 2003 versus $128.1 and $382.7 in 2002) and 11% and 5%, respectively, in local currency compared to 2002. International sales for the third quarter and nine months 2003 increased approximately 22% and 19%, respectively, in U.S. dollars ($171.5 and $492.6 in 2003 versus $140.0 and $412.3 in 2002) and increased 15% and 9%, respectively, in local currency compared to 2002. Currency translation had the effect of increasing sales in the third quarter and nine months of 2003 by approximately $11.7 and $46.3, respectively, when compared to exchange rates for the 2002 periods.

        The gross profit margin as a percentage of net sales (including depreciation in cost of sales) remained constant at 31% for the third quarter and nine months of 2003, compared to the 2002 periods. An increase in margins in the interconnect products and assemblies segment was offset by a decline in margins in the cable products segment. The operating margin for interconnect products and assemblies in both the third quarter and nine months increased approximately 1% compared to the prior year. The increase in operating profit margin is generally attributable to the effects of higher sales volume and cost reduction activities relating to purchased materials and a shift in headcount to low cost labor areas. This increase was offset by a decline in operating profit margins for cable products of approximately 2% and 5% in the third quarter and nine months, respectively, due primarily to higher material costs and change in product mix.

        Selling, general and administrative expenses increased to $44.6 and $128.6 (14.2% and 14.3% of net sales) for the third quarter and nine months of 2003, respectively, from $38.8 and $114.2 (14.5% and 14.4% of net sales) for the third quarter and nine months of 2002, respectively. The increase in 2003 is attributable to increases in selling expense resulting from higher sales volume, increases in research and development costs resulting from increased spending relating to new product development, and increased administrative costs for insurance and pensions.

        Other expense, net, for the third quarter is comprised primarily of foreign currency transaction gains and losses ($.6 loss in 2003 and $.2 loss in 2002), reflecting weakness of the U.S. dollar in both

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2003 and 2002, program fees on sale of accounts receivable ($.4 in 2003 and $.5 in 2002), reflecting lower receivable sales and fee rates in 2003, minority interests ($.7 in 2003 and $.3 in 2002), secondary stock offering fees ($.8 in 2003 and nil in 2002) and agency and commitment fees on the Company's credit facilities ($.2 in 2003 and $.1 in 2002).

        Other expense, net, for the nine months is comprised primarily of foreign currency transaction gains and losses ($1.7 loss in 2003 and $1.1 loss in 2002), reflecting weakness of the U.S. dollar in both 2003 and 2002, program fees on sale of accounts receivable ($1.1 in 2003 and $1.4 in 2002), reflecting lower receivable sales and fee rates in 2003, minority interests ($1.6 in 2003 and $1.0 in 2002), secondary stock offering fees ($.8 in 2003 and nil in 2002) and agency and commitment fees on the Company's credit facilities ($.6 in 2003 and $.4 in 2002).

        Expenses for early extinguishment of debt totaling $10.4 relate to the refinancing of the Company's senior credit facilities. Such one-time expenses include the call premium related to the redemption of the Company's Senior Subordinated Notes of $4.7, write-off of unamortized deferred debt issuance costs of $3.9 and other related fees and expenses of $1.8.

        Interest expense for the third quarter and nine months of 2003 was $7.2 and $23.0 compared to $11.5 and $37.2 for the 2002 periods. The decrease is attributable to lower average debt levels and lower interest rates.

        The provision for income taxes for the 2003 periods was at an effective rate of 34% compared to 34.5% in the 2002 periods.

Liquidity and Capital Resources

        Cash provided by operating activities was $105.0 in the first nine months of 2003 compared to $113.0 in the 2002 period. The decrease in cash flow relates primarily to a smaller reduction in the 2003 period in non-cash components of working capital and a net increase in cash out flows from other long term assets and liabilities, relating primarily to a $10.0 contribution to the Company's pension plan; offset in part by an increase in net income. The non-cash components of working capital decreased $2.7 in the first nine months of 2003, due primarily to a $8.3 increase in accounts payable, an operating reduction of $8.1 in inventory and an increase of $6.1 in accrued liabilities relating primarily to an increase in liabilities for income taxes, partially offset by a $19.3 increase in accounts receivable due to the higher level of sales. The non-cash components of working capital decreased $30.9 in the first nine months of 2002, due primarily to a $16.3 decrease in inventory as inventory levels were reduced in response to lower sales levels and an increase of $11.5 in accrued liabilities resulting from increases in liabilities for income taxes and interest.

        Accounts receivable increased $28.3, primarily due to increased sales volume, $6.6 of accounts receivable from acquired companies, and an $8.5 increase due to translation resulting from the relatively weaker U.S. dollar at September 30, 2003 compared to December 31, 2002, partially offset by an increase in receivables sold of $6.1. Days sales outstanding, computed before sales of receivables decreased to 65 days at September 30, 2003 from 66 days at December 31, 2002. Inventory increased $5.1 to $210.8. Such increase was attributable to the $8.0 impact of translation resulting from the relatively weaker U.S. dollar at September 30, 2003 compared to December 31, 2002 and $5.2 of inventory from acquired companies, partially offset by an operating reduction of $8.1. Inventory turnover increased to 3.8x in 2003 from 3.5x in 2002. Goodwill increased $17.5 to $504.3 as a result of acquisitions completed in 2003. Land and depreciable assets, net, increased $11.6 to $172.3, reflecting capital expenditures of $21.7, assets from acquisitions of approximately $8.7, an increase of $8.3 due to translation resulting from relatively weaker U.S. dollar at September 30, 2003 compared to December 31, 2002, and depreciation of $27.1.

        For the first nine months of 2003, cash from operating activities of $105.3, cash on hand of $3.7, proceeds from the refinancing of $27.9, additional sales of receivables of $6.1, and proceeds from

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exercise of stock options of $27.8 were used primarily to fund capital expenditures of $21.7, acquisitions of $34.5 and for a net debt reduction of $114.5. For the first nine months of 2002, cash from operating activities of $113.0, cash on hand of $2.8, and proceeds from exercise of stock options of $5.0 were used to fund capital expenditures of $13.8, acquisitions of $14.0, a reduction in sales of receivables of $9.5 and a net reduction in bank debt of $83.4.

        During the second quarter the Company completed a refinancing of its senior credit facilities. Borrowings of $625.0 under a new bank loan agreement (Bank Agreement), described below, were used to repay $439.5 outstanding under the Company's previous bank agreement, redeem all outstanding senior subordinated notes totaling $148.7 (including the call premium of $4.7) and to pay other fees and expenses associated with the refinancing of $8.9. A prepayment of the new bank loan of $37.0 was made in June with excess borrowing proceeds and cash flow from operations and additional prepayments of $55.0 were made in the third quarter. The refinancing had the effect of extending the maturity of the Company's debt coming due in 2003 through 2007.

        The Company's new Bank Agreement includes a Term Loan, consisting of a Tranche A and B, and a $125.0 revolving credit facility. At September 30, 2003, the Tranche A had a balance of $120.0 and matures over the period 2004 to 2008, and the Tranche B had a balance of $413.0 and matures in 2010. The revolving credit facility expires in 2008; availability under the facility at September 30, 2003 was $116.5, after a reduction of $7.8 for outstanding letters of credit. The Company's interest rate on the revolving credit facility and Tranche A loan is LIBOR plus 200 basis points and on the Tranche B loan is LIBOR plus 250 basis points (200 basis points effective November 6, 2003). The Bank Agreement is secured by a first priority pledge of 100% of the capital stock of the Company's direct domestic subsidiaries and 65% of the capital stock of direct material foreign subsidiaries, as defined in the Bank Agreement. In addition, if the Company's credit rating as assigned by Standard & Poor's or Moody's were to decline to BB- or Ba3, respectively, the Company would be required to perfect liens in favor of participants in the Bank Agreement in substantially all of the Company's U.S. based assets. At September 30, 2003, the Company's credit rating from Standard and Poor's was BB+ and from Moody's was Ba2. The Bank Agreement requires that the Company satisfy certain financial covenants including an interest coverage ratio of higher than 3x (EBITDA divided by interest expense) and a leverage test (Debt divided by EBITDA) lower than 3.8x. At September 30, 2003, such ratios as defined in the Bank Agreement, were 6.85x and 2.79x, respectively. The Bank Agreement also includes limitations with respect to, among other things, indebtedness in excess of $50 for capital leases, $200 for general indebtedness and $200 for acquisition indebtedness, of which approximately $1.9, $0 and $0 were outstanding at September 30, 2003, and restricted payments, including dividends on the Company's Common Stock, in excess of 50% of consolidated cumulative net income, or approximately $22.4 at September 30, 2003. In conjunction with entering into the new Bank Agreement the Company entered into interest rate swap agreements that fixed the Company's LIBOR interest rate on $250.0 and $150.0 of floating rate bank debt at 2.44% and 1.24%, expiring in 2006 and 2004, respectively.

        The Company's primary ongoing cash requirements will be for operating and capital expenditures, product development activities and debt service. The Company's debt service requirements consist primarily of principal and interest on bank borrowings.

        The Company has not paid, and does not have any present intention to commence payment of cash dividends on its Common Stock. The Company expects that ongoing requirements for operating and capital expenditures, product development activities and debt service will be funded by internally generated cash flow and availability under the Company's revolving credit facility. The Company may also use cash to fund part or all of the cost of future acquisitions.

        A subsidiary of the Company has an agreement with a financial institution whereby the subsidiary can sell an undivided interest of up to $85.0 in a designated pool of qualified accounts receivable. The Company services, administers and collects the receivables on behalf of the purchaser. The agreement provides certain covenants and provides for various events of termination. The agreement expires in

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May 2004. At September 30, 2003, approximately $69.3 of receivables were sold under the agreement and are therefore not reflected in the accounts receivable balance in the accompanying Condensed Consolidated Balance Sheet.

Environmental Matters

        Subsequent to the acquisition of Amphenol from Allied Signal Corporation in 1987 (Allied Signal merged with Honeywell International Inc. in December 1999 ("Honeywell")), Amphenol and Honeywell have been named jointly and severally liable as potentially responsible parties in relation to several environmental cleanup sites. Amphenol and Honeywell have jointly consented to perform certain investigations and remedial and monitoring activities at two sites and they have been jointly ordered to perform work at another site. The costs incurred relating to these three sites are currently reimbursed by Honeywell based on an agreement entered into in connection with the acquisition in 1987. For all sites covered by this agreement, to the extent that conditions or circumstances occurred or existed at the time of or prior to the acquisition, Honeywell is currently obligated to reimburse Amphenol 100% of such costs. Honeywell representatives work closely with the Company in addressing the most significant environmental liabilities covered by the Agreement. Management does not believe that the costs associated with resolution of these or any other environmental matters will have a material adverse effect on the Company's financial condition or results of operations. The environmental cleanup matters identified by the Company, including those referred to above, are covered under the Honeywell agreement.

Safe Harbor Statement

        Statements in this report that are not historical are "forward-looking" statements, which should be considered as subject to the many uncertainties that exist in the Company's operations and business environment. These uncertainties, which include, among other things, economic and currency conditions, market demand and pricing and competitive and cost factors are set forth in the Company's 2002 Annual Report on Form 10-K/A.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

        There has been no material change in the Company's assessment of its sensitivity to foreign currency exchange rate risk since its presentation set forth, in Item 7A. "Quantitative and Qualitative Disclosures About Market Risk" in its 2002 Annual Report on Form 10-K/A. Relative to interest rate risk, the Company completed a refinancing of its senior credit facilities during the second quarter as discussed in liquidity and capital resources above. In conjunction with the refinancing, the Company entered into interest rate swap agreements that fixed the Company's LIBOR interest rate on $250.0 and $150.0 of floating rate debt at 2.44% and 1.24%, expiring in 2006 and 2004, respectively. At September 30, 2003, the Company's average LIBOR rate was 1.80%. A 10% change in the LIBOR interest rate at September 30, 2003 would have the effect of increasing or decreasing interest expense by approximately $.2 million. The Company does not expect changes in interest rates to have a material effect on income or cash flows in 2003, although there can be no assurances that interest rates will not significantly change.

Item 4. Controls and Procedures

        Under the supervision and with the participation of the Company's management, including the Company's Chief Executive Officer and Chief Financial Officer, the Company has evaluated the effectiveness of the design and operation of its "disclosure controls and procedures" (as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) as of the end of the period covered by this quarterly report, and, based on their evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective. There were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation.

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PART II OTHER INFORMATION

Item 1.    LEGAL PROCEEDINGS

        Reference is made to the Company's 2002 Annual Report on Form 10-K/A.

Item 2.    CHANGES IN SECURITIES

        None

Item 3.    DEFAULTS UPON SENIOR SECURITIES

        None

Item 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY-HOLDERS

        None

Item 5.    OTHER INFORMATION

        None

Item 6.    EXHIBITS AND REPORTS ON FORM 8-K

(a)

Listing of Exhibits

(b)

Reports on Form 8-K

        A Form 8-K was filed on July 22, 2003 under Item 9 furnishing Amphenol Corporation's press release dated July 16, 2003, setting forth the Company's second quarter 2003 earnings.

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SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

DATE: November 14, 2003

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EXHIBIT INDEX

*

Filed herewith

**

Previously filed

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