AMETEK's latest Annual Report is now available to review. Learn more about AMETEK's performance in 2022, as well our continued growth and achievements:
The February edition of the AMETEK Newsletter is here. This month includes: AMETEK University's global collaboration 🌎, record fourth quarter earnings 📈, creating the battery of a nation with RTDS Technologies Inc., Aero India 2023 ✈ , new technology from Creaform and more. Subscribe now to keep up with all things AMETEK.
January 2023 | AMETEK Newsletter
AMETEK Increases Quarterly Dividend Berwyn, Pa., Feb 9, 2023 AMETEK, Inc. (NYSE: AME) today announced its Board of Directors has approved a 14% increase in its quarterly cash dividend on common stock to $0.25 per share from $0.22 per share. The dividend is payable on March 31, 2023 to shareholders of record as of March 10, 2023. This dividend increase will raise the indicated annual rate to $1.00 per share. “AMETEK’s businesses continue to operate at a very high level, delivering exceptional operating performance and outstanding cash flow generation,” said David A. Zapico, AMETEK Chairman and Chief Executive Officer. “Our primary use of free cash flow remains supporting our acquisition strategy, driving long-term shareholder value. Our strong cash flow also allows us to reward our shareholders with a consistently increasing cash dividend.”
AMETEK Announces Record Fourth Quarter and Full Year Results Berwyn, Pa., Feb 2, 2023 AMETEK, Inc. (NYSE: AME) today announced its financial results for the fourth quarter ended December 31, 2022. AMETEK’s fourth quarter 2022 sales were a record $1.63 billion, an 8% increase over the fourth quarter of 2021, with organic sales growth of 9%. Operating income increased 10% to a record $398 million and operating margins were 24.5%, up 50 basis points from fourth quarter 2021 margins. For the full year, AMETEK’s sales were $6.15 billion, an increase of 11% over 2021. Organic sales were also up 11% in 2022. Operating income was $1.50 billion, up 15% versus the prior year, and operating income margins were 24.4%, expanding 80 basis points over last year’s results.
AMETEK will webcast its fourth quarter 2022 investor conference call at 8:30 AM ET on Thurs., Feb. 2. You can access the webcast via the Events & Presentations link in the “Investors” section of www.ametek.com.
When it comes to integrating the world's power sources, it's about making the right connections. From San Diego, California, January's Business Unit of the Month is AMETEK Programmable Power. Programmable Power designs and manufactures trusted power conversion and compliance test technologies that integrate different power sources. Supported by the AMETEK global supply chain, its precision products and test solutions help customers achieve their critical energy management goals. Learn more about AMETEK Programmable Power:
As we start the new year, check out the latest stories of innovation, problem solving, and success from across our businesses. From the dark depths of the ocean to the infinite heights of outer space, these four new stories show how AMETEK technology is present and working to simplify a complex world.
AMETEK is proud to be one of Greater Philadelphia’s Civic 50 companies! Since 1960, the AMETEK Foundation—AMETEK’s charitable arm—has empowered our colleagues to make the world a better place through their volunteerism and #philanthropy. This recognition by the Philadelphia Foundation means AMETEK is helping drive social responsibility in communities and business throughout Greater Philadelphia. The Philadelphia Foundation recently released a 2022 report that showcases the collective impact the 50 companies have made on this region.
AMETEK Announces Two Acquisitions -- Navitar Expands AMETEK’s High End Precision Optics Capabilities -- -- RTDS Technologies Broadens AMETEK’s Power Test and Measurement Capabilities -- AMETEK, Inc. (NYSE: AME) today announced that it has completed two acquisitions – Navitar, Inc. and RTDS Technologies Inc. Combined, AMETEK deployed approximately $430 million on these acquisitions and acquired approximately $100 million in annual sales. “We are excited to welcome the Navitar and RTDS teams to AMETEK,” commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. “These businesses nicely complement our existing capabilities and strategically expand our presence in highly attractive secular growth areas. AMETEK continues to strengthen our portfolio through the acquisition of market-leading businesses with innovative, advanced technology solutions.” Both companies join AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instrumentation.
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