Sector: Industrials|Industry: Specialty Industrial Machinery|Market Cap: $41.81B|Employees: 21.5K
AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical devices. The company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG is a leader in advanced instruments for process, power, industrial, and aerospace markets, while EMG offers precision motion control, thermal management, and specialty metal solutions. AMETEK has a significant market share in targeted niche markets and a global presence with operations in North America, Europe, Asia, and South America.
Net sales reached $1,736.2 million, a $139.1 million or 8.7% increase YoY, primarily due to a 9% contribution from acquisitions. Organic sales showed a more modest increase.
Operating margins decreased to 25.6% from 26.9% YoY, impacted by $29.2 million in integration costs related to the Paragon acquisition and the dilutive effect of recent acquisitions. Excluding these factors, operating margins increased by 180 basis points.
Net income increased by 1.7% YoY to $310.9 million, while diluted earnings per share rose by 1.5% to $1.34. This minimal growth in EPS is due to the dilutive effects of recent acquisitions.