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) 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.
On November 5, 2021, AMETEK, Inc. (NYSE: AME) announced the election of Nino DiPietro as Vice President, Audit Services. DiPietro, previously Director of Audit Services, brings extensive financial and operational experience in the industrial sector. His career at AMETEK began in the Financial Management Development Program and includes significant roles in finance at FlexLink Systems and CRC Industries. AMETEK aims for double-digit earnings per share growth and reported annualized sales of $5.5 billion, maintaining its position as an S&P 500 component.
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.
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