Robert Wertheimer's questions to AMETEK Inc (AME) leadership • Q3 2024
Question
Robert Wertheimer sought clarification on whether the inventory destocking trend is expected to continue into next year and inquired about the M&A pipeline, specifically if seller hesitation is slowing down deal activity.
Answer
Chairman and CEO David Zapico explained that while order trends are positive, the destocking recovery will be a slow, gradual process rather than a sudden reversal, deferring specific 2025 guidance. On M&A, he described the pipeline as robust and stated his subjective read is that deal activity is accelerating as sellers adjust to the current economic environment.