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BERWYN, Pa., May 8, 2025 /PRNewswire/ -- The Board of Directors of AMETEK, Inc. (NYSE: AME) declared a regular quarterly dividend of $0.31 per share for the second quarter ending June 30, 2025.
This second quarter dividend is payable June 30, 2025 to shareholders of record as of June 13, 2025.
Corporate ProfileAMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500. For more information, visit www.ametek.com.
BERWYN, Pa., and LAKE MARY, Fla., May 6, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) and FARO Technologies, Inc. (Nasdaq: FARO) today announced that they have entered into a definitive agreement under which AMETEK will acquire all outstanding shares of FARO Technologies common stock for $44 per share in cash, which represents an approximate 40% premium to FARO's closing price on May 5, 2025. The transaction values FARO at an enterprise value of approximately $920 million. The boards of directors of both companies have unanimously approved the transaction.
BERWYN, Pa., May 1, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2025.
AMETEK's first quarter 2025 sales were $1.73 billion, in-line with the first quarter of 2024 sales. Operating income increased 2% to $454.8 million, and operating margins were up 60 basis points to 26.3%, both versus prior year's adjusted results. Free cash flow to net income conversion was 112% in the quarter.
On a GAAP basis, first quarter earnings per diluted share were $1.52. Adjusted earnings in the quarter were $1.75 per diluted share, up 7% from the first quarter of 2024. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization of $0.23 per diluted share. A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website.
- Earnings to be released before market opens on Thursday, May 1, 2025 -
BERWYN, Pa., April 17, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) will issue its first quarter 2025 earnings release before the market opens on Thursday, May 1, 2025.
AMETEK will webcast its first quarter 2025 investor conference call on Thursday, May 1, 2025, beginning at 8:30 AM ET. The live audio webcast can be accessed by clicking on the Events & Presentations link in the "Investors" section of www.ametek.com. A replay of the call will also be archived on the website and will be available until the next quarterly earnings call.
BERWYN, Pa., March 3, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Jennifer G. Hellberg as Vice President, Human Resources. Ms. Hellberg most recently served as Divisional Vice President and Business Unit Manager for the Zygo and Navitar businesses within AMETEK's Ultra Precision Technologies Division.
"I am pleased to announce Jennifer's promotion to Vice President, Human Resources," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Jennifer has demonstrated outstanding leadership and strategic vision during her time at AMETEK. I am confident she will continue to enhance our global human resources organization and support AMETEK's long-term growth."
BERWYN, Pa., Feb. 7, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its Board of Directors has approved an 11% increase in its quarterly cash dividend on common stock to $0.31 per share from $0.28 per share. The dividend is payable on March 31, 2025, to shareholders of record as of March 14, 2025. This dividend increase will raise the indicated annual rate to $1.24 per share.
Additionally, AMETEK's Board of Directors approved a $1.25 billion share repurchase authorization. This new authorization replaces the previous $1 billion share repurchase authorization approved in May 2022, of which approximately $590 million remained available.
BERWYN, Pa., Feb. 7, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Isabel S. Wells as Vice President, Information Technology and Chief Information Officer.
"I am very pleased to welcome Isabel to AMETEK. Isabel brings more than 25 years of experience in technology leadership, with a proven track record of delivering innovative IT and digital transformation solutions to a diverse set of companies. We look forward to Isabel's leadership of our global Information Technology initiatives," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer.
BERWYN, Pa., Feb. 7, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of William P. Callahan as Vice President and General Manager, Aerospace & Defense Division.
"I am delighted to welcome Bill to AMETEK and pleased he will be taking on this important leadership role with the company," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Bill's extensive P&L management experience, strong operational expertise, and proven leadership skills make him ideally suited for this role."
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 million, and free cash flow to net income conversion was 129%.
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 of applications that demand exceptional precision, including within the medical, semiconductor, research, and space markets.