AMETEK(AME) - 2025 Q4 - Annual Report

Financial Performance - In 2025, the Company achieved record sales of $7,401.1 million, representing a 6.6% increase from 2024[28] - Diluted earnings per share for 2025 were $6.40, an increase of $0.47 or 7.9% compared to $5.93 per diluted share in 2024[28] - 52% of EIG's net sales in 2025 were to customers outside the United States[35] - Process and analytical instrumentation sales accounted for 70% of EIG's 2025 net sales[36] - Aerospace and power instrumentation sales represented 30% of EIG's 2025 net sales[39] - In 2025, 42% of EMG's net sales were to customers outside the United States[47] - Approximately 4% of EIG's 2025 net sales were made to its five largest customers, with no single customer comprising more than 2% of net sales[43] Acquisitions and Investments - AMETEK spent $933.2 million in cash to acquire two businesses in 2025: Kern Microtechnik and FARO Technologies[29] - The Company paid off $425.0 million in senior notes across three quarters in 2025[30] Compliance and Governance - The Company adopted ASU 2023-09, improving income tax disclosures effective December 31, 2025[31] Workforce and Culture - AMETEK has approximately 22,500 employees as of December 31, 2025, with compensation programs designed to attract and retain a world-class workforce[74] - The company achieved a lost-time incident rate significantly below the industry average in 2025, continuing its goal of zero lost-time work incidents[75] - AMETEK's leadership development program focuses on preparing employees for P&L leadership roles, combining internal and external training[73] - The company has an active Inclusion Council that drives initiatives focused on mentorship, education, and career guidance[72] Sustainability and Social Responsibility - AMETEK's commitment to sustainability includes a growing portfolio of clean technology solutions that positively impact global environmental goals[69] - The company addresses market risks related to interest rates and foreign currency exchange rates through its operating and financing activities[179] - AMETEK's charitable arm, the AMETEK Foundation, supports non-profit and educational organizations, emphasizing health, welfare, and education[70] Financial Risk Management - The company actively evaluates foreign currency exposures, with significant exposure to the Euro, British pound, Japanese yen, Chinese renminbi, Canadian dollar, and Mexican peso[181] - AMETEK's financial instruments include short-term debt with variable interest rates and long-term debt with fixed rates[180] - The company aims to balance non-functional currency denominated assets with liabilities to minimize foreign exchange impacts[181]