Steve Barger's questions to AMETEK Inc (AME) leadership • Q3 2024
Question
Steve Barger asked about AMETEK's ability to grow relative to the semiconductor capital equipment market as the cycle improves and whether the high-volume production cycle appears to be inflecting.
Answer
Chairman and CEO David Zapico expressed confidence in outgrowing the market, noting AMETEK's semiconductor businesses grew mid-single digits in the quarter, driven by a unique portfolio balancing lab and production technologies. He highlighted the recent Polygon Physics acquisition as enhancing their capabilities. While acknowledging industry signs of an inflection, he remained cautious due to geopolitical factors.