Ametek Stock Price, News & Analysis

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.

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.