Ametek, Inc. - AME STOCK NEWS

AMETEK has appointed Dean Seavers to its Board of Directors, effective February 24, 2022. Seavers is a seasoned executive with a strong background in energy solutions, having led National Grid's transformation and clean energy initiatives from 2015 to 2020. His experience includes leadership roles at GE Security and United Technologies. AMETEK aims for double-digit earnings per share growth and finished 2021 with $5.5 billion in sales. The addition of Seavers is expected to enhance the board's expertise in driving growth and sustainability strategies.

AMETEK, Inc. (NYSE: AME) announced a 10% increase in its quarterly cash dividend, raising it from $0.20 to $0.22 per share. This increase will enhance the indicated annual rate to $0.88 per share, payable on March 31, 2022, to shareholders of record as of March 10, 2022. Chairman David A. Zapico highlighted strong cash flow generation as a key driver for this decision, supporting the company's focus on strategic acquisitions and long-term shareholder value.

AMETEK reported record fourth quarter 2021 sales of $1.50 billion, a 25% increase year-over-year, and operating income of $361.2 million, up 21%. Adjusted earnings were a record $1.37 per diluted share, up 27% from Q4 2020. For the full year, sales reached $5.55 billion, a 22% increase, with adjusted earnings at $4.85 per share, up 23%. The company expects 2022 sales growth of approximately 10% and adjusted earnings per diluted share in the range of $5.30 to $5.42.

AMETEK, Inc. (NYSE: AME) will release its fourth quarter 2021 earnings before the market opens on February 3, 2022. An investor conference call will be held on the same day at 8:30 AM ET, accessible via their website. AMETEK, a global leader in electronic instruments and electromechanical devices, reported annual sales of $5.5 billion. The company aims for double-digit percentage growth in earnings per share over the business cycle, backed by a robust growth model focusing on operational excellence and strategic acquisitions.

AMETEK, Inc. (NYSE: AME) announced the promotion of Daniel J. Skinner to Vice President and General Manager of its Process & Analytical Instruments (P&AI) division, effective January 1, 2022. Skinner has a strong operational and commercial background, having served nearly 30 years with AMETEK in various roles, including Divisional Vice President for Energy & Process Instrumentation. He succeeds Jim Davis, who will lead the Measurement, Communications & Testing (MC&T) division. AMETEK reported annualized sales of $5.5 billion and aims for double-digit earnings growth.

AMETEK, Inc. (NYSE: AME) announced the appointment of Dr. Christoph Maetzig as Vice President and General Manager of its Ultra Precision Technologies division. Dr. Maetzig succeeds Bruce Wilson, who is retiring after 22 years with the company. His leadership transition will take effect on January 1, 2022, with Wilson remaining as a consultant until May 2022. Dr. Maetzig has a strong background, having joined AMETEK in 2016, and holds various degrees in engineering and sciences. AMETEK aims for double-digit growth in earnings per share and has $5.5 billion in annualized sales.

AMETEK announced the acquisition of Alphasense, a UK-based provider of gas and particulate sensors, for approximately £25 million. This acquisition expands AMETEK's presence in the environmental health and safety market, which is considered attractive for future growth. Alphasense, with annual sales of £25 million, will join AMETEK's Electronic Instruments Group. AMETEK has annual sales of $5.5 billion and aims for double-digit earnings growth through strategic acquisitions and market expansion.

AMETEK, Inc. (NYSE: AME) has declared a quarterly dividend of $0.20 per share for Q4 2021, with a payment date set for December 24, 2021. Shareholders of record as of December 8, 2021 will be eligible. The company, a prominent manufacturer of electronic instruments and electromechanical devices, reported annual sales of approximately $5.5 billion. AMETEK aims for double-digit growth in earnings per share and is a member of the S&P 500.

AMETEK, Inc. (NYSE: AME) has appointed Kevin Coleman as Treasurer while he continues his role as Vice President, Investor Relations. Coleman has a robust financial background and nearly 30 years of industry experience, joining AMETEK in 1994. His previous positions include Manager of Corporate Development and Director of Corporate Strategy. AMETEK generates annualized sales of $5.5 billion and aims for double-digit growth in earnings per share. This leadership change is expected to strengthen the company's financial strategies.