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. has declared a quarterly dividend of $0.20 per share, payable on June 30, 2021, to shareholders of record as of June 14, 2021. This marks a continuation of the company’s commitment to returning value to shareholders. In 2020, AMETEK reported annual sales exceeding $4.5 billion. The company aims for double-digit growth in earnings per share and a strong return on capital through its integrated growth strategies.
AMETEK, Inc. (NYSE: AME) has acquired NSI-MI Technologies for $230 million, a strategic move aimed at enhancing its capabilities in radio frequency and microwave testing. NSI-MI, which generates approximately $90 million in annual sales, brings a diverse portfolio of testing solutions for various sectors, including aerospace and defense. This acquisition complements AMETEK's existing electromagnetic compatibility test and measurement businesses, reinforcing its position in critical applications like wireless communications and autonomous vehicles.
AMETEK reported first-quarter 2021 results, with sales reaching $1.22 billion, a 1% increase year-over-year, and organic sales growth also at 1%. Operating income rose 6% to $293.3 million, with margins up 110 basis points to 24.1%. Adjusted earnings per share were $1.07, reflecting a 5% increase. The company anticipates high teens sales growth and adjusted earnings between $4.48 and $4.56 for the full year.
Order momentum is strong, with a 9% increase in organic orders.
AMETEK, Inc. (NYSE: AME) has secured a new five-year, delayed draw term loan of up to $800 million with existing lenders. The proceeds will be allocated to repay current borrowings and support the company's acquisition growth strategy. This loan features the same pricing as the revolving credit facility and allows for repayment without penalties. AMETEK, a leader in electronic instruments and electromechanical devices, reported over $4.5 billion in sales in 2020, targeting double-digit growth in earnings per share.
On April 29, 2021, AMETEK announced the completion of its acquisition of Abaco Systems, Inc. for $1.35 billion. This all-cash transaction positions AMETEK to enhance its offerings in the aerospace and defense sectors. Abaco, with annual sales of approximately $325 million, will integrate into AMETEK’s Electronic Instruments Group, which specializes in advanced analytical and monitoring systems. With this acquisition, AMETEK aims to capitalize on significant growth opportunities and drive its objective of double-digit percentage earnings growth.
AMETEK, Inc. (NYSE: AME) will release its first quarter 2021 earnings on May 4, 2021, before market opening.
The company will host a webcast investor conference call at 8:30 AM ET the same day. Interested parties can access the call through the Investors section on www.ametek.com. A replay will be available post-event.
AMETEK generated over $4.5 billion in 2020, aiming for double-digit growth in EPS. The firm is part of the S&P 500.
On March 29, 2021, AMETEK (NYSE: AME) announced the completion of three acquisitions: Magnetrol International, Crank Software, and EGS Automation, with a total expenditure of $270 million. These companies together generate approximately $120 million in annual sales. The acquisitions are expected to enhance AMETEK's capabilities in advanced technology solutions and expand its market presence, particularly in the electronics and automation sectors. This strategic move aligns with AMETEK's growth model focusing on innovation and operational excellence.
AMETEK announced a definitive agreement to acquire Abaco Systems, a provider of embedded computing systems, for $1.35 billion. Abaco Systems specializes in ruggedized computing for aerospace and defense sectors, generating annual sales of approximately $325 million. The acquisition aims to enhance AMETEK's product offerings in attractive markets, with closing anticipated in mid-2021. AMETEK, with sales over $4.5 billion in 2020, targets double-digit earnings growth per share through strategic acquisitions and operational excellence.
AMETEK, Inc. (NYSE: AME) has announced an 11% increase in its quarterly cash dividend to $0.20 per share, up from $0.18. This dividend is payable on March 31, 2021, to shareholders of record as of March 15, 2021, raising the annual rate to $0.80 per share. The company's strong cash flow allows it to invest in growth while rewarding investors. AMETEK reported over $4.5 billion in sales in 2020 and focuses on operational excellence, new product development, and strategic acquisitions to achieve double-digit earnings growth.
AMETEK announced the appointment of Karleen Oberton to its Board of Directors, effective February 11, 2021. Oberton currently serves as CFO of Hologic and has over 30 years of experience in public accounting, biotechnology, and medical device manufacturing. Her expertise in finance and executive leadership is expected to enhance AMETEK's board dynamics. The company reported 2020 sales exceeding $4.5 billion and aims for double-digit growth in earnings per share over the business cycle.
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