Welcome to our dedicated page for Ametek news (Ticker: AME), a resource for investors and traders seeking the latest updates and insights on Ametek stock.
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, Inc. (NYSE: AME) has appointed Emanuela Speranza as the new Chief Commercial Officer, effective January 1, 2022. In this role, she will focus on driving organic sales growth and overseeing global marketing communications while enhancing digitalization efforts. Speranza has been with AMETEK since 2014, previously serving as Vice President and General Manager in Europe. AMETEK, a leading global manufacturer with annual sales of $5.5 billion, aims for double-digit earnings per share growth through its strategic growth model.
AMETEK, Inc. (NYSE: AME) announced the appointment of Dave Hermance as President of the Electromechanical Group, effective January 1, 2022. Hermance, currently Vice President and General Manager of the Measurement, Communications and Testing Division, succeeds Tim Jones, who retires after 42 years. CEO David A. Zapico praised Hermance for his contributions to AMETEK's growth, especially in integrating acquisitions. AMETEK reported annual sales of $5.5 billion and aims for double-digit earnings growth.
AMETEK, Inc. (NYSE: AME) reported record financial results for Q3 2021, with sales of $1.44 billion, marking a 28% increase from Q3 2020. Operating income rose by 25% to $337.6 million, and adjusted earnings per diluted share reached a record $1.26, reflecting a 25% increase year-over-year. The company has a robust backlog of $2.6 billion and is raising its full-year sales and earnings guidance, projecting sales growth in the low 20% range and adjusted earnings per share of $4.76 to $4.78. AMETEK's Electronic Instruments Group and Electromechanical Group both experienced significant growth.
AMETEK, Inc. (NYSE: AME) will release its third quarter 2021 earnings on November 2, 2021, before market open. A webcast of the investor conference call will follow at 8:30 AM ET on the same day, accessible via the company’s website. AMETEK reported over $4.5 billion in annual sales for 2020 and aims for double-digit growth in earnings per share throughout the business cycle, while also focusing on capital deployment and cash generation.
AMETEK announced the election of Sheldon Thorpe as Vice President of Human Resources on August 6, 2021. Thorpe, who joined the company in 2016, will oversee talent acquisition, leadership development, diversity initiatives, and U.S. payroll systems. CEO David A. Zapico expressed confidence in Thorpe's expertise and commitment to enhancing AMETEK's performance culture. The company, a global leader in electronic instruments and devices, reported annual sales of $5.5 billion and aims for double-digit earnings per share growth.
AMETEK, Inc. has declared a quarterly dividend of $0.20 per share for the third quarter ending September 30, 2021. Shareholders of record as of September 14, 2021 will receive the dividend on September 30, 2021. The company, a leader in electronic instruments and electromechanical devices, reported annualized sales of approximately $5.5 billion. AMETEK aims for double-digit growth in earnings per share and emphasizes cash generation and capital deployment strategies.
AMETEK, Inc. (NYSE: AME) reported record financial results for Q2 2021, achieving sales of $1.39 billion, a 37% increase year-over-year. Organic sales growth stood at 25%, with operating income reaching $316.6 million, up 39%. Adjusted earnings per diluted share were a record $1.15, reflecting a 37% rise from last year. Both Electronic Instruments Group (EIG) and Electromechanical Group (EMG) showed strong performance, with sales increases of 44% and 24%, respectively. AMETEK has raised its 2021 sales guidance to an estimated increase of approximately 20%.
AMETEK, Inc. (NYSE: AME) is set to release its second quarter 2021 earnings on August 3, 2021, prior to market opening. The company will also host a webcast of its investor conference call at 8:30 AM ET on the same day. AMETEK reported over $4.5 billion in annual sales for 2020 and aims for double-digit growth in earnings per share. The company employs a strategic growth model focusing on operational excellence, product development, global expansion, and acquisitions, reinforcing its commitment to capital generation.
AMETEK, Inc. (NYSE: AME) has announced the appointment of Stewart Douglas as Vice President and Chief Information Officer, succeeding Ken Weirman, who retired after over a decade in the role. Douglas, who joined AMETEK in 2007, has held various positions including Division Vice President of Business Systems. His extensive experience and leadership are expected to enhance AMETEK's ongoing digital transformation. The company reported sales exceeding $4.5 billion in 2020 and aims for double-digit percentage growth in earnings per share.
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