Nigel Coe's questions to AMETEK Inc (AME) leadership • Q3 2024
Question
Nigel Coe asked about the drivers of the positive 2% organic order growth, which seemed ahead of expectations, and questioned if the inventory drawdown at Paragon should be viewed as a one-time event that will fully reverse in 2025.
Answer
Chairman and CEO David Zapico confirmed the positive organic order growth but did not comment on prior expectations. Regarding Paragon, he stated that as the inventory situation abates, performance will 'definitely' improve in 2025, supported by a lower cost structure and new product introductions, though he cautioned the recovery would be gradual.