Last $52.36 USD
Change Today +0.07 / 0.13%
Volume 2.9M
AME On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

ametek inc (AME) Snapshot

Open
$52.39
Previous Close
$52.29
Day High
$52.98
Day Low
$52.23
52 Week High
06/9/14 - $54.50
52 Week Low
10/15/14 - $45.12
Market Cap
12.9B
Average Volume 10 Days
1.5M
EPS TTM
$2.34
Shares Outstanding
245.9M
EX-Date
12/3/14
P/E TM
22.3x
Dividend
$0.36
Dividend Yield
0.63%
Current Stock Chart for AMETEK INC (AME)

ametek inc (AME) Related Businessweek News

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ametek inc (AME) Details

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group (EIG) and Electromechanical Group (EMG). The EIG segment produces instrumentation for various electronic applications used in transportation industries, including aircraft cockpit instruments and displays; airborne electronics systems that monitor and record flight and engine data; and pressure, temperature, flow, and liquid-level sensors for commercial airlines and aircraft, and jet engine manufacturers. This segment also provides analytical instrumentation for the medical, laboratory, and research markets, as well as instruments for food service equipment and measurement and monitoring instrumentation for various process industries; instruments and instrument panels for heavy trucks, and heavy construction agricultural vehicles; and ultra precise measurement instrumentation and thermoplastic compounds for the automotive, appliance, and telecommunications applications. The EMG segment produces brushless air-moving motors for aerospace, mass transit, medical equipment, computer, and business machine applications. It also offers metal powders and alloys in powder, strip, and wire forms for electronic components, aircraft, and automotive products, as well as heat exchangers and thermal management subsystems. In addition, this segment supplies hermetically sealed connectors, terminals, and headers, as well as offers air-moving electric motors and motor-blower systems for floor care appliances and outdoor power equipment manufacturers. The company markets its products through direct sales force, sales representatives, and distributors. AMETEK, Inc. was founded in 1930 and is based in Berwyn, Pennsylvania.

14,500 Employees
Last Reported Date: 02/26/14
Founded in 1930

ametek inc (AME) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $482.9K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $663.5K
President of Electronic Instruments
Total Annual Compensation: $467.8K
President of Electromechanical Group
Total Annual Compensation: $446.2K
Compensation as of Fiscal Year 2013.

ametek inc (AME) Key Developments

Ametek Declares Quarterly Dividend for the Fourth Quarter Ending December 31, 2014, Payable on December 19, 2014

AMETEK Inc. declared a regular quarterly dividend of nine cents per share for the fourth quarter ending December 31, 2014. The fourth quarter dividend is payable December 19, 2014, to shareholders of record as of December 5, 2014.

AMETEK Inc. Announces Two Promotions Within its Senior Management Team of Electronic Instruments Group

AMETEK Inc. announced two promotions within its senior management team. Thomas C. Marecic and Ronald J. Oscher have each been promoted to President, Electronic Instruments Group. In these roles, they will be responsible for overseeing different divisions within the process businesses of AMETEK's Electronic Instrument Group. Tom and Ron will report to David A. Zapico, AMETEK's Chief Operating Officer, who was overseeing these businesses since his promotion to Chief Operating Officer in December, 2012. Mr. Marecic joined AMETEK in 1994 as a product engineer in Process & Analytical Instruments business. Tom was promoted to larger roles in management, including Vice President and General Manager of Process & Analytical Instruments Division in 2006. Most recently Tom served as Senior Vice President and General Manager, Electronic Instruments Group since 2013. Prior to joining AMETEK, Mr. Marecic held engineering positions with Millipore /Extrel and Three Rivers Analytical. Mr. Oscher joined AMETEK in 2010 as Vice President and General Manager of Materials Analysis Division and was promoted to Senior Vice President and General Manager, Electronic Instruments Group in 2013. Prior to joining AMETEK, Mr. Oscher held several positions with Emerson Electric Corporation including President -- Analyzers & Solutions, Analytical Group.

Ametek Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Revises Earnings Guidance for the Year 2014

Ametek Inc. announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company reported net sales of $1,031,811,000, operating income of $218,143,000, income before income taxes of $189,961,000, net income of $141,811,000 or $0.57 per diluted share compared to the net sales of $890,006,000, operating income of $204,686,000, income before income taxes of $180,152,000, net income of $127,864,000 or $0.52 per diluted share for the same quarter a year ago. Adjusted operating income (Non-GAAP) was $231.8 million against $204.7 million a year ago. Adjusted net income (Non-GAAP) was $152.5 million or $0.62 per diluted share against $127.9 million or $0.52 per diluted share a year ago. Operating cash flow totaled $197 million for the quarter, an increase of 18% over the same period of 2013. And free cash flow was $179 million in the quarter or 126% of net income, up 19% over last year's third quarter. Capital expenditures were $18 million for the quarter. For the nine months, the company reported net sales of $2,997,821,000, operating income of $671,502,000, income before income taxes of $597,298,000, net income of $432,460,000 or $1.75 per diluted share compared to the net sales of $2,651,668,000, operating income of $604,534,000, income before income taxes of $538,332,000, net income of $381,331,000 or $1.55 per diluted share for the same period a year ago. Adjusted operating income (Non-GAAP) was $685.2 million against $604.5 million a year ago. Adjusted net income (Non-GAAP) was $443.2 million or $1.79 per diluted share against $381.3 million or $1.55 per diluted share a year ago. The company continues to anticipate 2014 revenue to be up low double digits on a percentage basis from 2013 reflecting solid core growth and the contributions from recent acquisitions. Earnings for 2014, excluding Zygo integration costs, are expected to be in the range of $2.40 to $2.42 per diluted share, up 14% to 15% from last year. This reflects an increase in the low end of its previous guidance from $2.37 to $2.40 per diluted share. For the full year, the company expects free cash flow to be approximately 110% of net income. Full year 2014 capital expenditures are expected to be approximately $70 million. For 2014, the company expects tax rate to be approximately 28% as a result of ongoing international and state tax planning initiatives and the third quarter tax benefit. For the fourth quarter of 2014 sales are expected to be up high single digits on a percentage basis over last year's fourth quarter. The company estimates its earnings to be approximately $0.60 to $0.62 per diluted share, including the additional interest expense associated with its recent private placement and foreign exchange headwinds. This earnings guidance represents an increase of 9% to 13% over last year's fourth quarter of $0.55 per diluted.

 

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Industry Analysis

AME

Industry Average

Valuation AME Industry Range
Price/Earnings 22.8x
Price/Sales 3.3x
Price/Book 3.7x
Price/Cash Flow 20.4x
TEV/Sales 2.8x
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