Question · Q3 2025
Matthew Summerville of D.A. Davidson asked for more details on Paragon Medical's organic sales and order growth, its future organic algorithm, and current profitability relative to initial acquisition expectations, also seeking clarification on the improved outlook for the process market.
Answer
Chairman and CEO David Zapico stated Paragon Medical had outstanding double-digit orders growth, is halfway through a restructuring to reduce costs, and is winning new programs. Margins are now in line with AMETEK's overall margins, with expectations to reach 35%+ EBITDA. For the process market, Zapico noted sequential improvement across all markets and geographies except China, with increasing visibility and a strong pipeline, anticipating an excellent 2026 for the segment.