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    Matt Summerville • D.A. Davidson & Co.

    Matt Summerville's questions to AMETEK Inc (AME) leadership

    Matt Summerville's questions to AMETEK Inc (AME) leadership • Q3 2024

    Question

    Matt Summerville inquired about the destocking trends within AMETEK's medical and life sciences end markets and sought details on project delays affecting the Electronic Instruments Group (EIG).

    Answer

    Chairman and CEO David Zapico confirmed that destocking in the OEM, automation, and Paragon businesses was in line with expectations and noted that order trends are improving with a positive book-to-bill. Regarding EIG, he stated that project delays, primarily in Test and Measurement, played out as expected due to macro uncertainties, but the new opportunity funnel remains strong and organic order trends have shown sequential improvement over the past three quarters.

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    Matt Summerville's questions to Barrick Gold Corp (B) leadership

    Matt Summerville's questions to Barrick Gold Corp (B) leadership • Q1 2024

    Question

    Matt Summerville of D.A. Davidson & Co. questioned the basis for the Industrial segment's projected second-half improvement, the "core" status of remaining industrial businesses, the quarterly EPS cadence, and specific performance drivers within Molding Solutions and Aerospace.

    Answer

    CEO Thomas Hook attributed the Industrial outlook to stronger operational execution from new leadership teams and transformation initiatives, not macro shifts. He confirmed an ongoing strategic review of all industrial assets. CFO Julie Streich detailed that $16 million in restructuring savings would be realized in 2024. Hook and Streich projected a modest Q2 EPS improvement followed by a ramp in the second half. Hook also noted strong global demand for multi-cavity molds, with lead times improving, while hot runner demand remains mixed geographically.

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