NYSE:AME

Stewart Douglas Elected Vice President and Chief Information Officer

Tuesday, June 1, 2021 - 1:30pm

BERWYN, Pa., June 1, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announced that its Board of Directors has elected Stewart Douglas as Vice President and Chief Information Officer, following the retirement of Ken Weirman who held the same position since joining AMETEK in 2010.

Key Points: 
  • BERWYN, Pa., June 1, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announced that its Board of Directors has elected Stewart Douglas as Vice President and Chief Information Officer, following the retirement of Ken Weirman who held the same position since joining AMETEK in 2010.
  • "We are pleased to announce Stewart's promotion to this important role, as he has been a valuable contributor to our IT organization," said David A. Zapico, AMETEK Chairman and Chief Executive Officer.
  • Mr. Douglas joined AMETEK in 2007, serving as Division Vice President of Businesses Systems for the Aerospace & Defense and Power divisions.
  • Prior to joining AMETEK, Mr. Douglas served as IT Director at Rohm and Haas, European IT Manager at Shipley Europe, and European IT Manager at ITT Cannon.

SkyBitz Rounds Out Their Tank Monitoring Offering with Small Tank Monitoring Solutions

Tuesday, May 25, 2021 - 3:00pm

HERNDON, Va., May 25, 2021 (GLOBE NEWSWIRE) -- SkyBitz, a leader in IoT telematics solutions, announced the launch of their SmartTank ST40 Propane Monitoring Solution today.

Key Points: 
  • HERNDON, Va., May 25, 2021 (GLOBE NEWSWIRE) -- SkyBitz, a leader in IoT telematics solutions, announced the launch of their SmartTank ST40 Propane Monitoring Solution today.
  • Our customers are continually looking for new technologies that will help reduce labor and fleet costs tied to their small tank business, states Siamak Azmoudeh, Vice President of Product Line Management for SkyBitz Tank Monitoring.
  • A fast, accurate, and scalable tank monitoring strategy means a more profitable business for propane marketers and distributors.
  • To learn more about SkyBitz Tank Monitoring solutions and how it can improve business operations, please visit https://www.skybitz.com/smarttank-st40-propane/
    SkyBitz provides real-time tank monitoring solutions that improve operational workflow and increase route efficiency.

AMETEK Declares Quarterly Dividend

Friday, May 7, 2021 - 1:00pm

b"BERWYN, Pa., May 7, 2021 /PRNewswire/ --The Board of Directors of AMETEK, Inc. (NYSE: AME) declared a regular quarterly dividend of $0.20 per share for the second quarter ending June 30, 2021.\nThis second quarter dividend is payable June 30, 2021 to shareholders of record as of June 14, 2021.\nAMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales in 2020 of more than $4.5 billion.

Key Points: 
  • b"BERWYN, Pa., May 7, 2021 /PRNewswire/ --The Board of Directors of AMETEK, Inc. (NYSE: AME) declared a regular quarterly dividend of $0.20 per share for the second quarter ending June 30, 2021.\nThis second quarter dividend is payable June 30, 2021 to shareholders of record as of June 14, 2021.\nAMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales in 2020 of more than $4.5 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.
  • The common stock of AMETEK is a component of the S&P 500.\n"

AMETEK Acquires NSI-MI Technologies

Tuesday, May 4, 2021 - 11:56am

b'BERWYN, Pa., May 4, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announced that it has acquired NSI-MI Technologies, a leading provider of radio frequency and microwave test and measurement solutions and services.

Key Points: 
  • b'BERWYN, Pa., May 4, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announced that it has acquired NSI-MI Technologies, a leading provider of radio frequency and microwave test and measurement solutions and services.
  • The company has a diverse portfolio of testing instrumentation, components and software, while also providing customers with turnkey anechoic and simulation chambers, and a broad set of aftermarket services.\n"We are pleased to welcome NSI-MI to AMETEK," comments David A. Zapico, AMETEK Chairman and Chief Executive Officer.
  • 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.
  • The common stock of AMETEK is a component of the S&P 500.\n'

AMETEK Announces First Quarter Results and Raises 2021 Guidance

Tuesday, May 4, 2021 - 11:55am

b'BERWYN, Pa., May 4, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2021.\nAMETEK\'s first quarter 2021 sales were $1.22 billion, a 1% increase over the first quarter of 2020, with organic sales growth of 1%.

Key Points: 
  • b'BERWYN, Pa., May 4, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2021.\nAMETEK\'s first quarter 2021 sales were $1.22 billion, a 1% increase over the first quarter of 2020, with organic sales growth of 1%.
  • A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website.\n"AMETEK performed exceptionally well in the first quarter," commented DavidA.Zapico, AMETEK Chairman and Chief Executive Officer.
  • "\n"The strength of the AMETEK Growth Model was reflected in our results this quarter and in our revised outlook for the balance of the year.
  • Our full year and second quarter guidance includes all five recently completed acquisitions," concluded Mr. Zapico.\nAMETEK will webcast its first quarter 2021 investor conference call on Tuesday, May4,2021, beginning at 8:30 AM ET.

AMETEK Announces New Term Loan

Thursday, April 29, 2021 - 1:01pm

b"BERWYN, Pa., April 29, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) announced that it has entered into a new five-year, delayed draw, bank term loan for up to $800 million with existing lenders under our revolving credit facility.

Key Points: 
  • b"BERWYN, Pa., April 29, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) announced that it has entered into a new five-year, delayed draw, bank term loan for up to $800 million with existing lenders under our revolving credit facility.
  • The term loan drawn pricing is the same as borrowings under the revolving credit facility and can be repaid at any time without penalty.
  • 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.
  • The common stock of AMETEK is a component of the S&P 500.\n"

AMETEK Completes Acquisition of Abaco Systems

Thursday, April 29, 2021 - 1:00pm

b'BERWYN, Pa., April 29, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announcedthat it has completed its acquisition of Abaco Systems, Inc., a leading provider of mission critical embedded computing systems in an all-cash transaction valued at $1.35 billion.\n"We are excited to welcome Abaco to AMETEK," saidDavid A. Zapico, AMETEK Chairman and Chief Executive Officer.

Key Points: 
  • b'BERWYN, Pa., April 29, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announcedthat it has completed its acquisition of Abaco Systems, Inc., a leading provider of mission critical embedded computing systems in an all-cash transaction valued at $1.35 billion.\n"We are excited to welcome Abaco to AMETEK," saidDavid A. Zapico, AMETEK Chairman and Chief Executive Officer.
  • "Abaco\'s market leading computing and electronic solutions nicely complement our existing aerospace and defense businesses, expanding our positions across many attractive growth platforms.
  • 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.
  • The common stock of AMETEK is a component of the S&P 500.\n'

AMETEK Announces First Quarter 2021 Earnings Call and Webcasted Investor Conference Call Information

Wednesday, April 14, 2021 - 1:00pm

b'BERWYN, Pa., April 14, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) will issue its first quarter 2021 earnings release before the market opens on Tuesday, May 4, 2021.\nAMETEK will webcast its first quarter 2021 investor conference call on Tuesday, May 4,2021, beginning at 8:30 AM ET.

Key Points: 
  • b'BERWYN, Pa., April 14, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) will issue its first quarter 2021 earnings release before the market opens on Tuesday, May 4, 2021.\nAMETEK will webcast its first quarter 2021 investor conference call on Tuesday, May 4,2021, 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 .
  • AMETEK\'s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital.
  • The common stock of AMETEK is a component of the S&P 500.\n'

AMETEK Announces Three Acquisitions

Monday, March 29, 2021 - 1:00pm

BERWYN, Pa., March 29, 2021 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that it has completed three acquisitions Magnetrol International, Crank Software and EGS Automation (EGS).

Key Points: 
  • BERWYN, Pa., March 29, 2021 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that it has completed three acquisitions Magnetrol International, Crank Software and EGS Automation (EGS).
  • Approximately $270 million was deployed on these acquisitions which have combined annual sales of approximately $120 million.
  • "Each of these businesses provide AMETEK with unique capabilities which strategically expand our presence in attractive growth areas.
  • 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 Announces Agreement to Acquire Abaco Systems

Monday, March 22, 2021 - 12:30pm

BERWYN, Pa., March 22, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announcedthat it has entered into a definitive agreement to acquire Abaco Systems, Inc., a leading provider of mission critical embedded computing systems, from Veritas Capital in an all-cash transaction valued at $1.35 billion.

Key Points: 
  • BERWYN, Pa., March 22, 2021 /PRNewswire/ --AMETEK, Inc. (NYSE: AME) today announcedthat it has entered into a definitive agreement to acquire Abaco Systems, Inc., a leading provider of mission critical embedded computing systems, from Veritas Capital in an all-cash transaction valued at $1.35 billion.
  • Abaco Systems specializes in open-architecture computing and electronic systems for aerospace, defense, and specialized industrial markets.
  • "We are excited for the opportunity to acquire Abaco Systems.
  • Upon closing, Abaco Systems will join AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instruments with annualized sales of $3.0 billion.