Ametek, Inc. - AME STOCK NEWS

AMETEK (NYSE: AME) has announced the appointment of Keith J. Kowalski as Vice President and General Manager of the Advanced Motion Solutions (AMS) Division, effective July 1, 2024. Kowalski brings a wealth of experience, having served as Divisional Vice President and Business Unit Manager for AMETEK's Precitech TMC and Zygo businesses. His tenure at AMETEK began in 1995, where he started as a Product Design Engineer and advanced through various leadership roles. Kowalski holds a Bachelor of Mechanical Engineering and Materials Science degree from the University of Connecticut and has also held executive roles outside AMETEK, including President & COO at Deringer Ney. This strategic move aims to leverage Kowalski's proven leadership to drive growth and operational excellence within the AMS Division.

AMETEK, Inc. (NYSE: AME) declared a regular quarterly dividend of $0.28 per share for the second quarter ending June 30, 2024. The dividend is payable on June 28, 2024, to shareholders of record as of June 14, 2024. AMETEK is a global provider of industrial technology solutions with annualized sales of approximately $7.0 billion. The company focuses on growth strategies, cash generation, and capital deployment to achieve double-digit percentage growth in earnings per share and superior return on total capital.

AMETEK, Inc. announced the appointment of Patrick L. Williams as Vice President and General Manager of the Maintenance, Repair, Overhaul (MRO) Division. Williams has a strong track record within the company and is expected to contribute significantly to the division's success. AMETEK is a global provider of industrial technology solutions with a focus on growth and profitability.

AMETEK, Inc. (NYSE: AME) announced record first-quarter results with sales of $1.74 billion, a 9% increase from 2023. Adjusted earnings per share rose to $1.64, up 10% year-over-year. GAAP operating income reached $417.2 million, while adjusted operating income hit a record $446.4 million. The company raised its 2024 guidance, expecting low double-digit sales growth and adjusted EPS of $6.74 to $6.86.

AMETEK, Inc. (AME) is set to release its first quarter 2024 earnings on May 2, 2024, before the market opens. The company will also host a webcasted investor conference call at 8:30 AM ET on the same day. AMETEK is a global industrial technology solutions provider with annual sales exceeding $7.0 billion. The company focuses on growth strategies like Operational Excellence, New Product Development, Global Expansion, and Acquisitions. Founded in 1930, AMETEK aims for double-digit earnings per share growth and a strong return on capital.

AMETEK, Inc. (AME) announces a 12% increase in quarterly cash dividend to $0.28 per share, reflecting strong performance and growth. The dividend is payable on March 28, 2024, to shareholders of record as of March 8, 2024, raising the annual rate to $1.12 per share.

AMETEK, Inc. (AME) announced its financial results for Q4 2023, reporting a record $1.73 billion in sales, a 6.5% increase from Q4 2022. Operating income increased by 12% to a record $445.0 million, with operating margins at 25.7%. GAAP earnings per diluted share were $1.48, while adjusted earnings were a record $1.68 per share. Full-year sales were a record $6.60 billion, up 7% over 2022, with adjusted earnings at $6.38 per share, a 12% increase over 2022. The Electronic Instruments Group (EIG) and Electromechanical Group (EMG) both delivered strong performances, with EIG sales reaching a record $1.24 billion and EMG sales at $494.7 million in Q4 2023. For 2024, AMETEK expects overall sales to be up low double digits, with adjusted earnings per diluted share in the range of $6.70 to $6.85.

AMETEK, Inc. (AME) will release its fourth quarter 2023 earnings before the market opens on Tuesday, February 6, 2024. The company is a leading global provider of high-tech industrial solutions with annual sales over $6.0 billion. AMETEK aims for double-digit percentage growth in earnings per share and a superior return on total capital. The webcast of the investor conference call will be available on the company's website. AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500.

AMETEK, Inc. announced the appointment of Dalip M. Puri as Executive Vice President and Chief Financial Officer, effective April 2, 2024, replacing William J. Burke. The company's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital.