Brett Linzey's questions to AMETEK Inc (AME) leadership • Q3 2024
Question
Brett Linzey requested a quantification of the revenue or order impact from the OEM destocking this year and asked if the Q4 guidance includes any catch-up from previously delayed projects.
Answer
Chairman and CEO David Zapico characterized the destocking impact in the automation and Paragon businesses as 'substantial,' confirming it has been a significant headwind. He stated that the Q4 guide for the EIG project businesses assumes a normal, seasonally strong fourth quarter, which includes an expectation for typical year-end spending to occur.