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AMETEK Announces Third Quarter Results and Raises 2023 Guidance BERWYN, Pa., Oct. 31, 2023 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the third quarter ended September 30, 2023. AMETEK's third quarter 2023 sales were $1.62 billion, a 5% increase over the third quarter of 2022. Operating income increased 14% to a record $438.1 million and operating margins were a record 27.0%, up 220 basis points from the third quarter of 2022. Operating cash flow in the quarter was a record $473 million, up 45% versus the prior year.
Applications are now being accepted for the 2024 Financial Management Program. Click on the link to be taken to the position details and apply directly.
AMETEK's June 2023 newsletter is now available.
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May's Business of the Month is Rauland. Rauland is a pioneer in the world of integrated communications technology. Founded by inventor and radio enthusiast E. Norman Rauland, this AMETEK business has been setting the standard in its industry for more than 90 years. Today, Rauland is a market leader in the design and delivery of critical communications and life-safety solutions for hospitals and schools worldwide. Their advanced communications solutions simplify, streamline, and coordinate day-to-day activities, as well as emergency efforts. Learn more about how Rauland technology keeps customers connected: www.rauland.com
Welcome to the April 2023 edition of the AMETEK Newsletter – a monthly roundup of stories and achievements from across our global company.
BERWYN, Pa., May 2, 2023 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the acquisition of Bison Gear & Engineering Corp. (Bison), a leading manufacturer of highly engineered motion control solutions serving diverse markets and applications. Bison designs and manufactures custom motion control solutions for use in demanding and high precision applications within the automation, power, food and beverage, and transportation markets. With a strong focus on innovation, quality, and customer service, Bison has established a reputation as a trusted and reliable provider of highly engineered products and solutions. Bison is headquartered in St. Charles, Illinois and has annual sales of approximately $80 million. Bison will join AMETEK as part of its Electromechanical Group (EMG), a differentiated supplier of thermal management, automation and engineered solutions.
Berwyn, Pa., May 2, 2023 – AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2023. AMETEK’s first quarter 2023 sales were $1.60 billion, a 10% increase over the first quarter of 2022, with organic sales growth of 9%. Operating income increased 15% to a record $405.5 million and operating margins were a record 25.4%, up 120 basis points from first quarter 2022 margins. Operating cash flow was a record $386.5 million, up 92% versus the prior year. "AMETEK's first quarter performance was exceptional," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Strong organic sales growth coupled with our focus on operational excellence, resulted in record operating profit, robust margin expansion and outstanding free cash flow. Moreover, demand remains strong resulting in solid orders growth in the quarter and a record backlog. Given this outstanding performance, we are raising our sales and earnings guidance for the full year."
AMETEK will webcast its first quarter 2023 investor conference call at 8:30 AM ET on Tues., May 2. You can access the webcast via the Events & Presentations link in the “Investors” section of www.ametek.com.
