Scott Graham's questions to AMETEK Inc (AME) leadership • Q3 2024
Question
Scott Graham asked about the drivers behind the outstanding 28% Vitality Index and its future potential, and questioned if production issues at a major aerospace customer could dampen AMETEK's 2025 outlook.
Answer
Chairman and CEO David Zapico attributed the high Vitality Index to consistent R&D investment, which supports product differentiation and premium pricing, noting the ideal range is 20-30%. Regarding aerospace, he acknowledged minor, manageable delays that are factored into the Q4 guide, but emphasized AMETEK's diverse platform exposure mitigates risk from any single customer.