Core Viewpoint - AMETEK, Inc. has announced an 11% increase in its quarterly cash dividend and a new share repurchase authorization of $1.25 billion, reflecting its commitment to enhancing shareholder value through strategic financial maneuvers [1][2][3]. Dividend Announcement - The quarterly cash dividend will increase from $0.28 to $0.31 per share, raising the indicated annual rate to $1.24 per share [1]. - The dividend is payable on March 31, 2025, to shareholders of record as of March 14, 2025 [1]. Share Repurchase Authorization - The Board of Directors approved a new share repurchase authorization of $1.25 billion, replacing the previous $1 billion authorization from May 2022, of which approximately $590 million remained [2]. Financial Strategy and Commitment - AMETEK emphasizes its commitment to using robust cash flows for strategic acquisitions to enhance long-term shareholder value [3]. - The company maintains a strong financial position, allowing for both increased dividends and share repurchases [3]. Corporate Profile - AMETEK is a leading global provider of industrial technology solutions with annual sales of approximately $7.0 billion [4]. - The company aims for double-digit percentage growth in earnings per share over the business cycle and superior returns on total capital [4]. - Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500 [4].

Core Insights - AMETEK, Inc. has appointed William P. Callahan as Vice President and General Manager of the Aerospace & Defense Division [1] - David A. Zapico, AMETEK's Chairman and CEO, expressed confidence in Callahan's leadership capabilities and relevant experience [2] - Callahan has a strong background in P&L management and operational leadership, previously serving at Amphenol Corporation and other companies [2][3] Company Profile - AMETEK is a leading global provider of industrial technology solutions with annual sales of approximately $7.0 billion [4] - The company employs a growth model that focuses on Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions [4] - AMETEK aims for double-digit percentage growth in earnings per share over the business cycle and seeks superior returns on total capital [4]

Core Insights - AMETEK, Inc. reported fourth-quarter 2024 non-GAAP earnings of $1.87 per share, exceeding the Zacks Consensus Estimate by 1.6% and reflecting an 11.3% year-over-year increase [1] - The company's revenue for the fourth quarter was $1.76 billion, which fell short of the Zacks Consensus Estimate of $1.81 billion by 2.47%, but showed a 1.8% increase year over year [2] Financial Performance - AMETEK's EIG segment, accounting for 68.8% of total revenue, generated $1.21 billion in sales, down 2% from the previous year and missing the consensus estimate of $1.23 billion [4] - The EMG segment, which represents 31.2% of total revenues, reported $546.7 million, an 11% increase year over year, but also missed the consensus mark of $571.2 million [5] - Operating income for the fourth quarter increased by 5.4% year over year to $468.9 million, with an operating margin expansion of 90 basis points [5] Segment Performance - EIG's operating income rose 8% to $386.6 million, with operating income margins at 31.8%, reflecting an increase of 280 basis points from the previous year [6] - EMG's operating income was $111.2 million, with operating income margins of 20.3% [6] Balance Sheet and Cash Flow - As of December 31, 2024, AMETEK had cash and cash equivalents of $373.9 million, down from $396.3 million in the previous quarter [7] - Long-term debt decreased by 19.2% to $1.43 billion [7] - Operating cash flow for the fourth quarter was $550 million, with free cash flow at $498.3 million, indicating a free cash flow to net income conversion rate of 129% [7] Guidance - For the first quarter of 2025, AMETEK expects sales to be roughly flat compared to the previous year, with a Zacks Consensus Estimate of $1.75 billion, reflecting a 3.1% year-over-year increase [8] - The company anticipates adjusted earnings per share in the range of $1.67-$1.69, suggesting a 2-3% increase compared to the prior-year quarter, while the consensus estimate is $1.72 per share [8] - For the full year 2025, AMETEK expects overall sales to increase in low single digits compared to 2024, with a Zacks Consensus Estimate of $7.27 billion, indicating a 4% year-over-year increase [9] Earnings Outlook - AMETEK's guidance for adjusted earnings per share for 2025 is projected to be between $7.02 and $7.18, suggesting a 3-5% increase, while the consensus estimate is $7.31 per share, indicating a year-over-year increase of 7.38% [10]

AMETEK OVERVIEW Clear vision and sound strategy built on core values 3 FIRST QUARTER 2025 INVESTOR PRESENTATION CAUTIONARY STATEMENTS Statements in this presentation that are not historical in nature are considered "forward-looking statements" and are subject to change based on various risk factors and uncertainties that may cause actual results to differ significantly from expectations. Those factors are contained in AMETEK's Securities and Exchange Commission filings. AMETEK disclaims any intention or obl ...

Financial Performance - AMETEK's Q4 2024 sales reached a record $1.76 billion, a 2% increase from Q4 2023[2] - Operating income for Q4 2024 increased by 5% to a record $469.0 million, with operating margins at 26.6%, up 90 basis points year-over-year[2] - Full year 2024 sales totaled $6.94 billion, reflecting a 5% increase compared to 2023[4] - Full year adjusted operating income was $1.81 billion, up 6% from the previous year, with adjusted operating income margins at 26.1%[5] - Operating cash flow for the full year 2024 was $1.83 billion, a 5% increase from 2023[4] Earnings - Adjusted earnings per diluted share for Q4 2024 were a record $1.87, an 11% increase from Q4 2023[3] - Diluted earnings per share (GAAP) for Q4 2024 was $1.67, up from $1.48 in Q4 2023, representing a 12.8% increase[27] - Adjusted diluted earnings per share (Non-GAAP) for Q4 2024 was $1.87, compared to $1.68 in Q4 2023, reflecting an 11.3% growth[27] - For the year ended December 31, 2024, diluted earnings per share (GAAP) increased to $5.93 from $5.67 in 2023, a rise of 4.6%[27] - The forecasted diluted earnings per share (GAAP) for Q1 2025 is projected to be between $1.46 and $1.48[27] - The forecasted adjusted diluted earnings per share (Non-GAAP) for Q1 2025 is expected to range from $1.67 to $1.69[27] Cash Flow - Free cash flow for Q4 2024 was a record $498.3 million, with a free cash flow to net income conversion rate of 129%[2] Segment Performance - Electronic Instruments Group (EIG) sales in Q4 2024 were $1.21 billion, down 2% from Q4 2023, while operating income increased 8% to $386.6 million[8] - Electromechanical Group (EMG) sales in Q4 2024 rose by 11% to $546.7 million, driven by the acquisition of Paragon Medical and growth in Aerospace and Defense sectors[9] Non-GAAP Financial Information - The company emphasizes the use of non-GAAP financial information to provide investors with greater insight into operational performance[29] - Non-GAAP measures are intended to enhance understanding of long-term profitability trends and facilitate comparisons with peers[30] - The reconciliation of non-GAAP measures to GAAP measures is included in the financial tables for transparency[29] Amortization and Tax - The company reported pretax amortization of acquisition-related intangible assets of $0.27 for Q4 2023, slightly increasing to $0.28 in Q1 2025 forecast[27] - The income tax benefit on amortization of acquisition-related intangible assets was $(0.07) for Q1 2025 forecast, consistent with the previous quarter[27]

Ametek (AME) reported $1.76 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 1.8%. EPS of $1.87 for the same period compares to $1.68 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.81 billion, representing a surprise of -2.81%. The company delivered an EPS surprise of +1.63%, with the consensus EPS estimate being $1.84.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Core Viewpoint - Ametek (AME) reported quarterly earnings of $1.87 per share, exceeding the Zacks Consensus Estimate of $1.84 per share, and showing an increase from $1.68 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 1.63%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Ametek's revenues for the quarter were $1.76 billion, which was 2.81% below the Zacks Consensus Estimate, and an increase from $1.73 billion year-over-year [3] Stock Performance - Ametek shares have increased approximately 2.2% since the beginning of the year, compared to a 1.9% gain in the S&P 500 [4] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $1.72 for the upcoming quarter and $7.31 for the current fiscal year [5][8] - The estimate revisions trend for Ametek is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [7] Industry Context - The Electronics - Testing Equipment industry, to which Ametek belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [9]

GREENWICH, Conn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth ...

BERWYN, Pa., Feb. 4, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the acquisition of Kern Microtechnik, a leading manufacturer of high-precision machining and optical inspection solutions.Kern specializes in the design and manufacture of ultra-precision manufacturing solutions capable of achieving sub-micron level accuracy. Kern's advanced product portfolio includes high-precision machining solutions and optical tool inspection systems. Their highly engineered solutions support a wide range ...

BERWYN, Pa., Feb. 4, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the fourth quarter ended December 31, 2024. AMETEK's fourth quarter 2024 sales were a record $1.76 billion, a 2% increase over the fourth quarter of 2023. Operating income increased 5% to a record $469.0 million and operating margins were 26.6% in the quarter, up 90 basis points from the prior year. Operating cash flow in the quarter was a record $550.0 million, free cash flow was a record $498.3 mil ...