Ametek Stock Price, News & Analysis

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.

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.