Silicon Investor - AMETEK, Inc. (AME)

[JakeStraw] AMTEK, Inc. was upgraded by analysts at Cowen and Company from a "market perform...

JakeStraw — 1/4/2017 11:36:48 AM

AMTEK, Inc. was upgraded by analysts at Cowen and Company from a "market perform" rating to an "outperform" rating.

[JakeStraw] Amtek Inc. was upgraded by analysts at Robert W. Baird from a "neutral" rating t...

JakeStraw — 12/22/2016 11:56:41 AM

Amtek Inc. was upgraded by analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating. They now have a $57.00 price target on the stock, up previously from $47.00.

[JakeStraw] AMETEK Announces Acquisition Of Global Tubes finance.yahoo.com "Global Tubes is...

JakeStraw — 5/8/2015 8:27:32 AM

AMETEK Announces Acquisition Of Global Tubes
finance.yahoo.com

"Global Tubes is an excellent acquisition for AMETEK and a great strategic fit with our Specialty Metals business. It has strong positions in a number of attractive niche markets for high precision, small diameter metal tubing used across a wide range of highly engineered applications," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"Their metallurgical capabilities, processing capabilities and alloy ranges are complementary to our existing Specialty Metals businesses and give us the opportunity to expand our offerings both internationally and in attractive growth markets," adds Mr. Hermance.

[JakeStraw] AMETEK Announces Two Acquisitions finance.yahoo.com -- AMPTEK, Inc. Broadens AM...

JakeStraw — 8/5/2014 8:12:26 AM

AMETEK Announces Two Acquisitions
finance.yahoo.com

-- AMPTEK, Inc. Broadens AMETEK's Materials Analysis Capabilities --
-- Luphos GmbH Adds Unique Technology to AMETEK's Metrology Platform --

AMPTEK, Inc., a privately held provider of x-ray detectors used to identify the composition of materials using x-ray fluorescence (XRF) within the metal, environmental monitoring, petrochemical, semiconductor and research markets

Luphos GmbH, a highly strategic technology acquisition which provides key non-contact metrology technology used in the measurement of complex aspherical lenses and optical surfaces

"Both AMPTEK and Luphos are excellent acquisitions and highly strategic additions to our Electronic Instruments Group. These businesses will allow us to expand our presence in materials analysis and dimensional metrology, two attractive growth platforms. These acquisitions also continue our very strong deployment of capital on acquisitions," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

[JakeStraw] AMETEK Increases Quarterly Dividend finance.yahoo.com Approved a 50% increase i...

JakeStraw — 5/9/2014 8:52:29 AM

AMETEK Increases Quarterly Dividend
finance.yahoo.com

Approved a 50% increase in the quarterly cash dividend on common stock to $0.09 per share from $0.06 per share. The dividend is payable on June 30, 2014 to shareholders of record on June 16, 2014. This dividend increase will raise the annualized dividend payout to $0.36 per share.

Frank S. Hermance, AMETEK Chairman and Chief Executive Officer commented, "Our Four Growth Strategies have resulted in significant increases in sales, profitability and cash flow. We remain firmly committed to these strategies, in particular our disciplined acquisition strategy, and believe they will continue to drive shareholder value in the future. Anticipated strong cash flows will enable us to continue to fully fund these growth strategies, while rewarding shareholders with a higher cash dividend."

[JakeStraw] AMETEK Announces Record First Quarter 2014 Results finance.yahoo.com "AMETEK ac...

JakeStraw — 5/6/2014 9:22:39 AM

AMETEK Announces Record First Quarter 2014 Results
finance.yahoo.com

"AMETEK achieved excellent results in the first quarter. We had record performance as a result of the continued strong execution of our Four Growth Strategies. Solid core growth combined with our Operational Excellence initiatives and the contributions from recent acquisitions allowed us to deliver solid results and raise our 2014 earnings guidance," noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"Cash flow was strong, with operating cash flow totaling $161 million in the first quarter. We continue to use our cash flow to support our acquisition strategy. We closed two acquisitions in the quarter, and on April 11th we announced a definitive merger agreement to acquire the outstanding shares of Zygo Corporation, a leading provider of optical metrology solutions and high precision optics," continued Mr. Hermance.

[JakeStraw] AMETEK To Acquire Zygo Corporation finance.yahoo.com Founded in 1970 and headqu...

JakeStraw — 4/11/2014 8:35:14 AM

AMETEK To Acquire Zygo Corporation
finance.yahoo.com

Founded in 1970 and headquartered in Middlefield, CT, Zygo is a leading provider of optical metrology solutions, high precision optics, and optical assemblies for use in a wide range of scientific, industrial, and medical applications. For the calendar year ended December 31, 2013, Zygo had sales of approximately $162 million.

"Zygo is an excellent acquisition for AMETEK. We are excited about the opportunity to acquire such a strong brand and technology leader," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. "Zygo's leading position in non-contact optical metrology nicely complements our strength in contact metrology and enables us to offer our customers a full range of metrology solutions."

[JakeStraw] AMETEK Acquires VTI Instruments finance.yahoo.com --Expands AMETEK's Position i...

JakeStraw — 2/10/2014 10:00:40 AM

AMETEK Acquires VTI Instruments
finance.yahoo.com

--Expands AMETEK's Position in Precision Test and Measurement Instruments--

With its headquarters in Irvine, CA, VTI is a leading provider of highly engineered and customized products designed to deliver customers a complete, integrated solution for their critical test and measurement requirements. It offers a wide range of signal conditioning and switching instruments, data acquisition solutions and integrated test systems for use in demanding electrical and structural testing applications where high measurement accuracy is critical.

"VTI is an excellent acquisition for AMETEK. It is a market leader in high end data acquisition and precision instrumentation with deep technical expertise and applications knowledge," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"The acquisition of VTI broadens our capabilities in the high end test and measurement market and provides us with additional technology differentiation, especially in the high-precision segment of the Aerospace market," adds Mr. Hermance.

VTI has operations in Irvine, CA, and additional facilities in Cleveland OH, and Bangalore, India. It joins AMETEK as part of its Electronic Instruments Group (EIG) -- a recognized leader in advanced monitoring, testing, calibrating, and display instruments with 2013 sales of $2.0 billion.

[JakeStraw] AMETEK Announces Record Results finance.yahoo.com AMETEK's fourth quarter 2013 ...

JakeStraw — 1/29/2014 10:55:55 AM

AMETEK Announces Record Results
finance.yahoo.com

AMETEK's fourth quarter 2013 sales of $942.5 million were up 12% over the same period of 2012. Operating income for the fourth quarter of 2013 was $210.5 million, an 11% increase from $190.0 million recorded in the same period of 2012. Operating margins were 22.3% in the quarter, as compared to 22.6% in last year's quarter. Net income in the fourth quarter of 2013 increased 13% to $135.7 million from $119.9 million in last year's fourth quarter. Diluted earnings per share increased 12% to $0.55 per diluted share from the fourth quarter 2012 level of $0.49 per diluted share.

"AMETEK had an excellent fourth quarter to complete another outstanding year in 2013. We established records for essentially all key financial metrics in the quarter. Core sales growth was strong, up 7% over last year's fourth quarter, with broad based strength across our businesses. Our focus on Operational Excellence, coupled with the higher sales, resulted in record earnings for the quarter," noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"Cash flow was also very strong, with both the fourth quarter and full year results representing records. Operating cash flow was $210 million for the quarter and $661 million for the year," continued Mr. Hermance.

For the full year, AMETEK achieved record levels of sales, operating income, operating margins, net income and diluted earnings per share. Full year sales were $3.6 billion, up 8% from 2012. Operating income in 2013 was $815.1 million, compared with $745.9 million last year, up 9%. Operating margins for 2013 of 22.7% were a 30 basis point improvement over 2012. Net income for the full year 2013 was $517.0 million, a 13% increase from the $459.1 million earned in 2012. Diluted earnings per share were $2.10 for 2013, up 12% from the $1.88 earned in 2012.

Electronic Instruments Group (EIG)
For the 2013 fourth quarter, EIG sales increased 15% to $566.9 million. Operating income in the fourth quarter of 2013 increased 13% to $151.9 million, compared with $134.9 million in the fourth quarter of 2012. Operating margins were 26.8% in the quarter. Full year 2013 operating margins were 27.1%, a 60 basis point increase over 2012.

"EIG had a very strong fourth quarter. Excellent core growth in our Process businesses and the contributions from the recent acquisitions of Controls Southeast, Creaform and Powervar also contributed to the sales increase," notes Mr. Hermance.

Electromechanical Group (EMG)
In the fourth quarter, EMG sales increased 8% to $375.6 million. Operating income in the fourth quarter of 2013 of $70.5 million was up 8%, compared with $65.2 million in the same period of 2012. Operating margins for the quarter were 18.8%, unchanged from last year's fourth quarter.

"EMG had a good quarter with strong sales growth. Growth was broad based across our Differentiated businesses as well as in our Floorcare and Specialty Motors business," adds Mr. Hermance.

2014 Outlook
"We expect our businesses overall to show solid growth in 2014 as economic conditions continue to modestly improve across our end markets. We expect to see balanced growth across our businesses during the year. AMETEK's continued focus on our core strategies of operational excellence, global and market expansion, new product development and strategic acquisitions position us well in 2014 and beyond," notes Mr. Hermance.

"We anticipate 2014 revenue to be up high single digits on a percentage basis from 2013. Earnings for 2014 are expected to be in the range of $2.30 to $2.35 per diluted share, up 10% to 12% over 2013, reflecting the leveraged impact of core growth, continued operational excellence initiatives, and the benefit of contributions from recent acquisitions," adds Mr. Hermance.

"First quarter 2014 sales are expected to be up high single digits from last year's first quarter. We estimate our earnings to be approximately $0.55 to $0.57 per diluted share, an increase of 8% to 12% over last year's first quarter of $0.51 per diluted share," concludes Mr. Hermance.

[JakeStraw] AMETEK Acquires Teseq Group finance.yahoo.com --Broadens Position in Electrical...

JakeStraw — 1/6/2014 3:53:30 PM

AMETEK Acquires Teseq Group
finance.yahoo.com

--Broadens Position in Electrical Test and Measurement Instruments--

Teseq manufactures a broad line of conducted and radiated EMC compliance testing systems and RF amplifiers for a wide range of industries, including aerospace, automotive, consumer electronics, medical equipment, telecommunications and transportation.

"Teseq is an excellent addition to our electrical test and measurement business. It is a global leader in conducted and radiated EMC test equipment with a comprehensive product offering and extensive geographic coverage," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"Teseq's products and markets are complementary with our EM Test business, which we acquired in 2011. Its addition to that business provides us with opportunities for accelerating product innovation and market expansion worldwide," adds Mr. Hermance.

Teseq has manufacturing and development operations in Luterbach as well as Germany, the United Kingdom and the United States with direct sales offices in China, France, Germany, Japan, Singapore, Switzerland, Taiwan, the United Kingdom and the United States.

[JakeStraw] AMETEK Acquires Powervar finance.yahoo.com Powervar provides highly engineered ...

JakeStraw — 12/4/2013 8:16:09 AM

AMETEK Acquires Powervar
finance.yahoo.com

Powervar provides highly engineered and customized products designed to deliver reliable, high-quality power to critical applications. It offers an industry-leading product line and a broad range of UL and IEC certified products. Its transformer-based power conditioners and UPS systems serve a wide range of end markets, including medical, life sciences, industrial, retail and telecommunications. Its products feature a unique isolation transformer technology that is key to providing quality power and protection.

"Powervar is an excellent addition to our power systems and instruments business. Its strong presence in medical and life sciences provides our power businesses with excellent new growth opportunities in these attractive market segments. Its products are highly complementary to our existing power quality and UPS systems. In addition, Powervar provides world-class applications expertise, considerable new product development capability, and best-in-class product quality," notes Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

[JakeStraw] AMETEK Announces Record Third Quarter 2013 Results finance.yahoo.com

JakeStraw — 10/29/2013 8:09:34 AM

[JakeStraw] AMETEK Acquires Creaform, Inc. finance.yahoo.com --Leading Developer of Innovat...

JakeStraw — 10/29/2013 8:08:20 AM

AMETEK Acquires Creaform, Inc.
finance.yahoo.com

--Leading Developer of Innovative Portable 3D Measurement Technologies--

Creaform is the industry leader in stand-alone portable 3D scanners. These optical devices are used in a growing number of applications to create accurate 3D models and measurements of a wide range of objects. Its products include several families of handheld 3D scanners, portable coordinate measuring machines and related accessories that are widely used in reverse engineering, dimensional inspection, precision manufacturing, non-destructive testing, automated quality control and 3D printing. The Handyscan 3D, a handheld laser scanner used to perform non-contact measurement, leads the market in capability and portability.

"Creaform is an outstanding acquisition. It has an impressive R&D base and an industry-leading position across a number of high growth market applications. Creaform significantly expands the range of non-contact metrology products offered by our Ultra Precision Technology business," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

[JakeStraw] AMETEK Announces Record Results finance.yahoo.com

JakeStraw — 4/25/2013 9:30:49 AM

[JakeStraw] Ametek's CEO Discusses Q4 2012 Results - Earnings Call Transcript January 24, 20...

JakeStraw — 1/29/2013 4:11:43 PM

Ametek's CEO Discusses Q4 2012 Results - Earnings Call Transcript
January 24, 2013
seekingalpha.com

[JakeStraw] AMETEK Announces Two Technology Acquisitions finance.yahoo.com Sunpower, Inc. i...

JakeStraw — 1/2/2013 3:38:41 PM

AMETEK Announces Two Technology Acquisitions
finance.yahoo.com

Sunpower, Inc. is a Leader in Cryogenic Cooling And Heated Stirling Engine Technology Crystal Engineering's High-End, Portable Calibration Instruments Complement AMETEK's Test & Calibration Instruments Businesses

"Both Sunpower and Crystal Engineering are excellent acquisitions that provide us with the opportunity to bring key technologies in-house. These technologies will allow us to develop the next-generation of advanced radiation detection and pressure calibration instruments," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

Sunpower

Headquartered in Athens, OH, Sunpower designs and develops high reliability cryocoolers and externally heated Stirling cycle engines. Its cryocoolers are used to lower temperatures below -150 degrees C without the use of expensive liquid nitrogen, while its heat engines are used in micro co-generation (heat and power) devices.

"Sunpower's cryogenic cooling technology provides a critical enabling technology for use in our highly successful ORTEC Detective® family of portable radiation identifiers. It provides a platform to support the continued growth of this product family while providing us with opportunities to broaden the application of cryogenic cooling and Stirling heat engine technology," adds Mr. Hermance.

Sunpower becomes part of AMETEK Advanced Measurement Technology (AMT), a division of AMETEK's Electronic Instruments Group -- a recognized leader in advanced monitoring, testing, calibrating and display instruments with annualized sales of $1.9 billion.

Crystal Engineering

Headquartered in San Luis Obispo, CA, Crystal Engineering has high-end pressure measurement technology and manufactures high-end portable digital pressure calibrators and digital test gauges that fit well with AMETEK's JOFRA® temperature and pressure calibrators.

"We share common products and markets with Crystal Engineering. It strengthens our technology and product offering in the calibration instruments market. Crystal's products broaden our line of high-end temperature and pressure calibration instruments, while its product line benefits from the global reach and resources of our Electronic Instruments Group," concludes Mr. Hermance.

Crystal Engineering joins AMETEK Measurement & Calibration Technologies (M&CT), also a Division of AMETEK's Electronic Instruments Group.

[JakeStraw] AMETEK Acquires Aero Components International and Avtech Avionics and Instrument...

JakeStraw — 12/17/2012 8:18:55 AM

AMETEK Acquires Aero Components International and Avtech Avionics and Instruments
finance.yahoo.com

Acquisitions Expand AMETEK's Position in Aerospace Aftermarket

ACI repairs and overhauls fuel, hydraulic, pneumatic, power generation and heat exchanger components and is one of the few independent aviation repair shops with fuel repair capabilities. Avtech's expertise is in the repair and maintenance of next generation and legacy avionics and instruments. Each business operates separate facilities located near AMETEK's High Standard Aviation aerospace maintenance, repair and overhaul (MRO) operation.

"Our acquisition of ACI and Avtech represents a further expansion of AMETEK's global aerospace MRO capabilities. Together with our other MRO acquisitions and organic expansion activities, AMETEK now has a significant and growing presence in this attractive market," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"Both of the acquired businesses extend our portfolio of MRO services with ACI adding fuel repair capabilities and Avtech broadening our expertise in next generation avionics," adds Mr. Hermance.

[JakeStraw] AMETEK Acquires Micro-Poise Measurement Systems finance.yahoo.com Highly Differ...

JakeStraw — 10/23/2012 10:25:37 AM

AMETEK Acquires Micro-Poise Measurement Systems
finance.yahoo.com

Highly Differentiated Provider of Testing Solutions Broadens AMETEK's Position in Materials Test and Measurement

"Driving market growth in both developed and emerging markets is the need for more sophisticated test and measurement techniques due to the increased variety and complexity of tire designs, the globalization of tire manufacturing capacity, and more stringent quality requirements," notes Mr. Hermance

"Micro-Poise is well positioned to take advantage of that growth. It has a large installed equipment base at many of the world's leading tire manufacturers and is the only industry supplier of all key test and measurement techniques with products that offer best-in-class accuracy, repeatability and cycle times," he adds.

[JakeStraw] AMETEK Announces Record Results finance.yahoo.com --Diluted Earnings Per Share ...

JakeStraw — 10/23/2012 10:23:19 AM

AMETEK Announces Record Results
finance.yahoo.com

--Diluted Earnings Per Share Up 18%--
--Full Year Guidance Increased to $1.85 - $1.87 Per Diluted Share--

"AMETEK achieved strong results in the third quarter with sales, operating income, operating margins and diluted earnings per share at record levels. Our Operational Excellence initiatives, contributions from acquired businesses, and strength in our oil and gas, aerospace, and power businesses allowed us to exceed our third quarter earnings expectations and raise our 2012 earnings guidance," noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"Cash flow was superb, with operating cash flow a record $163 million for the quarter, an increase of 19% over the third quarter of 2011," continued Mr. Hermance.

For the nine months ended September 30, 2012, AMETEK sales increased 12% to $2.49 billion from $2.23 billion in the same period of 2011. Operating income increased 19% to $555.9 million, from $468.6 million earned in the first nine months of 2011. Net income for the first nine months was $339.2 million, up 20% from $282.6 million in the same period of 2011. Diluted earnings per share were $1.39 for the first nine months of 2012, up 20% from $1.16 per diluted share in the first nine months of 2011.

[JakeStraw] Ametek price target raised to $42 from $38 at Jefferies Jefferies raised its pr...

JakeStraw — 9/17/2012 12:38:45 PM

Ametek price target raised to $42 from $38 at Jefferies

Jefferies raised its price target for Ametek after positive meetings with management and keeps a Buy rating on the stock

[JakeStraw] Ametek's CEO Discusses Q2 2012 Results - Earnings Call Transcript July 24, 2012 ...

JakeStraw — 7/24/2012 12:23:32 PM

Ametek's CEO Discusses Q2 2012 Results - Earnings Call Transcript
July 24, 2012
seekingalpha.com

[JakeStraw] AMETEK Announces Record Results finance.yahoo.com -- Diluted Earnings Per Share...

JakeStraw — 7/24/2012 12:22:08 PM

AMETEK Announces Record Results
finance.yahoo.com

-- Diluted Earnings Per Share Up 21%--
-- Increasing 2012 Earnings Estimate to $1.83 - $1.85 Per Diluted Share

2012 Outlook
"Our strong portfolio of businesses, record backlog, proven operational capabilities, and a successful focus on strategic acquisitions should enable us to perform well for the remainder of 2012 and beyond. We are increasing our earnings guidance for 2012 even though we expect the slowdown in the global economic environment to continue. We are responding with additional cost containment actions to ensure that we are properly positioned for the remainder of 2012 and into 2013. We will remain an active acquirer," noted Mr. Hermance.

"We anticipate 2012 revenue to be up low double digits on a percentage basis from 2011 with organic growth of low to mid single digits on a percentage basis. Earnings for 2012 are expected to be in the range of $1.83 to $1.85 per diluted share, up 16% to 17% over 2011, reflecting the leveraged impact of core growth, the benefit from recent acquisitions and our operational initiatives. This is an increase from our previous guidance of $1.80 to $1.83 per diluted share that was given as part of our first quarter earnings release," added Mr. Hermance.

"Third quarter sales are expected to be up low double digits on a percentage basis over last year's third quarter. We estimate our earnings to be approximately $0.45 to $0.46 per diluted share, an increase of 13% to 15% over last year's third quarter of $0.40 per diluted share," concluded Mr. Hermance.

[JakeStraw] AME just added to Zacks #1 Rank ("strong buy") List today...

JakeStraw — 5/4/2012 9:36:18 AM

[JakeStraw] AMETEK Announces Stock Split and Dividend Increase finance.yahoo.com -- Declare...

JakeStraw — 5/1/2012 9:20:17 AM

AMETEK Announces Stock Split and Dividend Increase
finance.yahoo.com

-- Declares a 3-for-2 Stock Split, Increases Dividend 50% --

Frank S. Hermance, AMETEK Chairman and Chief Executive Officer commented, "Our Four Growth Strategies have resulted in significant increases in sales, profitability and cash flow. We remain firmly committed to these strategies, in particular our disciplined acquisition strategy, and believe they will continue to drive shareholder value in the future. Anticipated strong cash flows will enable us to continue to fully fund these growth strategies, while rewarding shareholders with a higher cash dividend."

[JakeStraw] Ametek's CEO Discusses Q1 2012 Results - Earnings Call Transcript seekingalpha....

JakeStraw — 4/26/2012 4:31:12 PM

Ametek's CEO Discusses Q1 2012 Results - Earnings Call Transcript
seekingalpha.com

[JakeStraw] AMETEK Announces Record Results finance.yahoo.com --Net Earnings Up 22% to $110...

JakeStraw — 4/26/2012 8:03:26 AM

AMETEK Announces Record Results
finance.yahoo.com

--Net Earnings Up 22% to $110.2 Million--
--Increasing 2012 Earnings Estimate to $2.70 - $2.75 Per Diluted Share--

AMETEK's first quarter 2012 sales of $827.2 million were up 15% over the same period of 2011. Operating income was $182.8 million for the first quarter of 2012, a 20% increase from $152.0 million recorded in the same period of 2011. Operating margins in the first quarter of 2012 were 22.1%, a 90 basis point improvement over the first quarter of 2011. Net income in the first quarter of 2012 increased 22% to $110.2 million, from $90.4 million in last year's first quarter. Diluted earnings per share increased 21% to $0.68 per diluted share, from the first quarter 2011 level of $0.56 per diluted share.

"AMETEK achieved excellent results in the first quarter. Sales were up 15% on solid core growth and the contributions from acquisitions completed during the past year. As expected, our aerospace and process businesses had an excellent quarter. The strong overall growth translated into a record level of sales and, coupled with our continued focus on Operating Excellence, drove the excellent bottom line performance," noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"Cash flow was superb, with operating cash flow totaling $141 million for the quarter, an increase of 36% over the same period in 2011," continued Mr. Hermance.

2012 Outlook
"We expect our businesses to continue to show solid growth in 2012, with our higher margin, longer cycle aerospace, oil and gas, and power businesses showing particular strength. Our strong portfolio of businesses, proven operational capabilities, and a successful focus on strategic acquisitions should enable us to perform well in 2012," noted Mr. Hermance.

"We anticipate 2012 revenue to be up low double digits on a percentage basis from 2011 reflecting mid single digit core growth and contributions from recent acquisitions. Earnings for 2012 are expected to be in the range of $2.70 to $2.75 per diluted share, up 14% to 16% over 2011, reflecting the leveraged impact of core growth, operational initiatives and the benefit from recent acquisitions. This is an increase from our previous guidance of $2.65 to $2.70 per diluted share," added Mr. Hermance.

"Second quarter sales are expected to be up approximately 10% over last year's second quarter. We estimate our earnings to be approximately $0.65 to $0.68 per diluted share, an increase of 12% to 17% over last year's second quarter of $0.58 per diluted share," concluded Mr. Hermance.

[JakeStraw] AMETEK to Acquire Dunkermotoren finance.yahoo.com --Business is a Leader in Adv...

JakeStraw — 4/26/2012 8:02:01 AM

AMETEK to Acquire Dunkermotoren
finance.yahoo.com

--Business is a Leader in Advanced Motion Control Solutions--

Dunkermotoren GmbH, a leader in advanced motion control solutions for a wide range of industrial automation applications. The privately held manufacturer has expected 2012 sales of approximately euro 155 million (about $200 million) and is headquartered in Bonndorf, Germany.

We are excited about the opportunity to acquire an outstanding company in Dunkermotoren," said Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. "Dunkermotoren is a global leader in highly engineered advanced motion control solutions for niche applications. It is an excellent strategic and highly complementary fit with our Precision Motion Control business. It expands our leadership position in niche rotary and linear motion applications. In addition, it broadens our manufacturing capabilities in both Europe and China, and greatly expands our presence in key industrial end markets."

Dunkermotoren is a leader in advanced brush and brushless motion control solutions for a wide range of industrial automation applications, including factory equipment, office machines, medical devices and laboratory equipment. In addition to its facility in Bonndorf, Germany, Dunkermotoren has manufacturing operations in China and Serbia.

[JakeStraw] FWIW - AME added to the Zacks #1 Rank ("strong buy") List today...

JakeStraw — 3/2/2012 10:05:05 AM

[JakeStraw] AMETEK Announces Record Results finance.yahoo.com AMETEK's fourth quarter 2011 ...

JakeStraw — 2/17/2012 9:30:33 AM

AMETEK Announces Record Results
finance.yahoo.com

AMETEK's fourth quarter 2011 sales of $762.8 million were up 13% over the same period of 2010. Operating income for the fourth quarter of 2011 was $167.4 million, a 24% increase from $135.5 million recorded in the same period of 2010. Operating margins improved 190 basis points to a record 21.9% in the fourth quarter of 2011. Net income in the fourth quarter of 2011 increased 25% to $101.9 million, from $81.2 million in last year's fourth quarter. Diluted earnings per share increased 26% to $0.63 per diluted share, from the fourth quarter 2010 level of $0.50 per diluted share.

"AMETEK had a strong fourth quarter to complete another outstanding year in 2011. Sales were at a record level in the quarter, driven by solid core growth and the contributions from acquisitions completed during the past year. Operating margins expanded 190 basis points to a record 21.9%, resulting from our focus on Operational Excellence, coupled with the higher sales. We also generated record levels of operating income, net income, diluted earnings per share and operating cash flow in the quarter," noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"Cash flow was superb, with both the fourth quarter and the full year results representing records. Operating cash flow was $153 million for the quarter and $509 million for the year, up 19% and 20%, respectively, compared to the same periods in 2010," continued Mr. Hermance.

For the full year, AMETEK achieved record levels of sales, operating income, operating margins, net income and diluted earnings per share. Full year sales were $3.0 billion, up 21% from 2010. Operating income in 2011 was $635.9 million compared with $482.2 million last year, up 32%. Operating margins for 2011 of 21.3% was a 180 basis point improvement over 2010. Net income for the full year 2011 was up $100.6 million to $384.5 million, a 35% increase from the $283.9 million earned in 2010. Diluted earnings per share were $2.37 for 2011, up 35% from the $1.76 earned in 2010.

[JakeStraw] AMETEK Acquires O'Brien Corporation finance.yahoo.com --Business Is Highly Diff...

JakeStraw — 2/17/2012 9:29:29 AM

AMETEK Acquires O'Brien Corporation
finance.yahoo.com

--Business Is Highly Differentiated Supplier of Fluid and Gas Handling Solutions to Process Industries--

O'Brien's products and solutions are used in critical applications in process industries worldwide. O'Brien's comprehensive product offering includes pre-insulated tubing bundles, sample conditioning equipment, specialty tubing and fittings, instrument enclosures and process analyzers used in oil and gas production, refining, petrochemical processing, power generation, pharmaceutical manufacture and semiconductor fabrication.

"O'Brien's product lines are both highly differentiated and highly complementary to AMETEK's process instruments businesses. Combined with our analytical instrument solutions, AMETEK now can offer its customers a complete solution for most of their process analysis needs," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"We expect to leverage the strong customer relationships of the combined businesses and AMETEK's global capability to further extend O'Brien's reach in key process markets worldwide," adds Mr. Hermance.