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AMETEK, Inc. (NYSE: AME) is a leading global provider of industrial technology solutions, with annual sales of over $6 billion. The company operates through two primary segments: the Electronic Instruments Group (EIG) and the Electromechanical Group (EMG). EIG designs and manufactures advanced instruments for the process, aerospace, power, and industrial markets. EMG focuses on highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects.
With a workforce of approximately 15,000 employees, AMETEK has a strong presence worldwide, operating over 120 manufacturing locations and maintaining 100 sales and service locations in more than 30 countries. The company is committed to four key growth strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion, and New Product Development. Through these strategies, AMETEK aims to double its size and profitability within the next five years.
Recent achievements include the acquisition of Paragon Medical for approximately $1.9 billion, further enhancing AMETEK's capabilities in the medical technology sector. The company also declared a regular quarterly dividend of $0.28 per share, reflecting its strong financial performance and commitment to delivering shareholder value.
Founded in 1930 and listed on the NYSE for over 90 years, AMETEK is a component of the S&P 500. The company's disciplined focus on cash generation and capital deployment supports its long-term objective of achieving double-digit percentage growth in earnings per share and superior returns on total capital. For more information, visit www.ametek.com.
AMETEK (NYSE: AME) reported strong second quarter 2024 results, with sales reaching $1.73 billion, a 5% increase year-over-year. The company achieved record operating income of $447.5 million, up 7%, and improved operating margins to 25.8%. Adjusted earnings per share rose 6% to $1.66. AMETEK's Electronic Instruments Group (EIG) saw a 2% sales increase and significant margin expansion, while the Electromechanical Group (EMG) reported record sales, up 14%. However, due to ongoing inventory normalization and cautious customer spending, AMETEK has adjusted its 2024 outlook. The company now expects full-year sales growth of 5-7% and adjusted EPS in the range of $6.70 to $6.80, representing a 5-7% increase from 2023.
AMETEK, Inc. (NYSE: AME) has announced its second quarter 2024 earnings release and investor conference call schedule. The company will release its earnings before the market opens on Thursday, August 1, 2024. A webcast of the investor conference call will follow at 8:30 AM ET on the same day. Investors can access the live audio webcast through the 'Investors' section of AMETEK's website. A replay will be available afterwards.
AMETEK is a leading global provider of industrial technology solutions with annual sales of approximately $7.0 billion. The company focuses on serving diverse niche markets and employs the AMETEK Growth Model, which integrates four key strategies: Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions.
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.
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