AMETEK, Inc. is a leading global manufacturer of electronic instruments and electromechanical devices. The company operates through two main segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG focuses on advanced instruments for process, power, industrial, and aerospace markets, while EMG is a differentiated supplier of precision motion control solutions, thermal management systems, specialty metals, and electrical interconnects. AMETEK's competitive advantages include significant market share in niche markets, technological and development capabilities, efficient manufacturing operations, and an experienced management team.

• Employees: 21,500 (as of December 31, 2023)
• Geographic Footprint: Operations in North America, Europe, Asia, and South America, with manufacturing facilities in 20 countries outside the US
• Headquarters: Berwyn, Pennsylvania
• Founded: 1930
• Number of locations/facilities: Operating facilities in China, Czechia, Malaysia, Mexico, and Serbia, among others.
• Revenue: $6.6 billion (FY2023)
• Market Capitalization: $37.3 billion (as of June 30, 2023, approximate value of voting stock held by non-affiliates)
• Key Subsidiaries/Brands: Bison Gear & Engineering Corp., United Electronic Industries, Amplifier Research Corp., and Paragon Medical

• CEO: David A. Zapico
• CFO: William J. Burke
• Board Chair: David A. Zapico

Senior management has extensive industry experience and an average of approximately 25 years of AMETEK service.

• Annual Revenue: $6.6 billion (FY2023)
• Net Income: $1.3 billion (FY2023)
• Market Cap: $37.3 billion (as of June 30, 2023, approximate value of voting stock held by non-affiliates)
• Total Assets: $15.0 billion (as of December 31, 2023)
• Employees: 21,500 (as of December 31, 2023)
• Key Financial Highlights: Record sales, operating income, operating margins, net income, diluted earnings per share, orders, backlog, and operating cash flow in 2023. Diluted earnings per share for 2023 were a record $5.67, an increase of $0.66 or 13.2%, compared with $5.01 per diluted share in 2022.

AMETEK's products are marketed through two main operating groups:

• Electronic Instruments (EIG): Advanced instruments for process, power, industrial, and aerospace markets, including process control instruments, power quality monitoring, and aerospace instrumentation.
• Electromechanical (EMG): Precision motion control solutions, thermal management systems, specialty metals, and electrical interconnects, including single-use surgical instruments, motors, and heat exchangers.

AMETEK operates through two main segments:

• Electronic Instruments (EIG): Net sales of $4.6 billion in 2023, an increase of 9.3% from 2022.
• Electromechanical (EMG): Net sales of $1.97 billion in 2023, an increase of 2.7% from 2022.

AMETEK is committed to achieving earnings growth through the AMETEK Growth Model, focusing on double-digit annual percentage growth in sales and earnings per share, strong cash flow generation, and a superior return on total capital. Key strategies include:

• Operational Excellence: Initiatives to drive organic sales growth and improve operating efficiencies.
• Strategic Acquisitions: Targeting companies that offer a compelling strategic, technical, and cultural fit in adjacent markets.
• Global & Market Expansion: Expanding international customer base and pursuing growth opportunities in key emerging markets.
• New Product Development: Consistent investment in new product development and engineering to provide differentiated technology solutions.

AMETEK operates in highly competitive industries, facing competition based on technology, performance, quality, service, and price. Key competitors vary by market segment.

• Market Position: A leader in certain analytical measurement and control instruments, power and industrial markets, and a major instrument and sensor supplier to commercial aviation.
• Key Competitors: Numerous companies compete in each market on the basis of product quality, performance and innovation.
• Industry Trends: Cyclicality in several industries, including aerospace and defense, oil and gas, and process instrumentation.

• Market Risks: Cyclicality in served markets, downturns in the U.S. or global economy, and changes in customer order patterns.
• Operational Risks: Failure to properly execute or realize cost savings from operational excellence initiatives, disruptions in supply chains, and inability to hire, train, and retain skilled employees.
• Financial Risks: Fluctuations in foreign currency exchange rates, imposition of trade or foreign exchange restrictions, and the impairment of goodwill and other intangible assets.
• Regulatory Risks: Compliance with export laws, environmental regulations, and other governmental regulations.