Andrew Obin's questions to AMETEK Inc (AME) leadership • Q3 2024
Question
Andrew Obin analyzed the two-year stacked order trend to gauge if a bottom has been reached and asked for an update on the Paragon restructuring timeline, given the complexities of the regulated med-tech industry.
Answer
Chairman and CEO David Zapico responded that while he doesn't focus on two-year stacks, the healthy sequential order growth from Q1 to Q3 is an encouraging sign. Regarding Paragon, he affirmed that AMETEK is highly experienced in regulated markets and the longer timeline required for restructuring is already factored into their integration plans to ensure it is executed properly.