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AMETEK, Inc. is a leading global manufacturer specializing in electronic instruments and electromechanical devices, operating through two main segments: the Electronic Instruments Group (EIG) and the Electromechanical Group (EMG) . The company provides advanced analytical, test, and measurement instruments for various markets, including process, aerospace, medical, power, and industrial sectors . AMETEK's offerings include highly engineered medical components, automation solutions, thermal management systems, and specialty metals .
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Electronic Instruments Group (EIG) - Develops advanced analytical, test, and measurement instruments for process, aerospace, medical, power, and industrial markets.
- Process and Analytical Instrumentation - Offers instruments for process and analytical applications across various industries.
- Aerospace and Power Instrumentation - Provides specialized instruments for aerospace and power sectors.
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Electromechanical Group (EMG) - Focuses on highly engineered medical components, automation solutions, thermal management systems, and specialty metals.
- Automation and Engineered Solutions - Delivers automation solutions and engineered products for diverse applications.
- Aerospace Products - Supplies aerospace products tailored to meet specific industry needs.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
David A. Zapico ExecutiveBoard | Chairman and Chief Executive Officer | None | David A. Zapico has been with AMETEK for 34 years as of March 2024. He became CEO in 2016 and has led the company through significant growth. | View Report → |
David F. Hermance Executive | President – Electromechanical Group | None | David F. Hermance has been with AMETEK for 32 years and became President of the Electromechanical Group in 2022. | |
Emanuela Speranza Executive | Chief Commercial Officer | None | Emanuela Speranza joined AMETEK in 2014 and became CCO in 2022. She has driven global commercial excellence and digitalization initiatives. | |
Ronald J. Oscher Executive | Chief Administrative Officer | None | Ronald J. Oscher has been with AMETEK for 13 years and became CAO in 2016. | |
Thomas C. Marecic Executive | President – Electronic Instruments | None | Thomas C. Marecic has been with AMETEK for 29 years and became President of the Electronic Instruments Group in 2014. | |
Thomas M. Montgomery Executive | SVP – Comptroller & Principal Accounting Officer | None | Thomas M. Montgomery has been with AMETEK for 40 years and became SVP – Comptroller in 2016. | |
William J. Burke Executive | Executive Vice President and CFO | None | William J. Burke joined AMETEK in 1987 and has held various financial roles. He will retire as CFO on April 2, 2024, transitioning to Senior Advisor until April 2025. | |
Anthony J. Conti Board | Lead Independent Director | None | Anthony J. Conti has been a Director at AMETEK since 2010. He brings expertise in financial accounting and risk management, with over 35 years of experience at PricewaterhouseCoopers. | |
Dean Seavers Board | Independent Director | Director at Albemarle Corporation | Dean Seavers joined the AMETEK Board in 2022. He has extensive experience in business transformation and sustainability, including as former President of National Grid US. | |
Gretchen W. McClain Board | Independent Director | President & CEO of J.M. Huber Corporation; Director at Booz Allen Hamilton | Gretchen W. McClain joined the AMETEK Board in 2014. She has over 25 years of global leadership experience and is currently CEO of J.M. Huber Corporation. | |
Karleen M. Oberton Board | Independent Director | CFO of Hologic, Inc. | Karleen M. Oberton joined the AMETEK Board in 2021. She has deep financial expertise and serves as CFO of Hologic, Inc. | |
Steven W. Kohlhagen Board | Independent Director | None | Steven W. Kohlhagen has been a Director at AMETEK since 2006. He has expertise in financial markets and risk management. | |
Suzanne L. Stefany Board | Independent Director | Partner at PJT Partners; Director at JELD-WEN Holding, Inc. | Suzanne L. Stefany joined the AMETEK Board in 2022. She has expertise in investment advisory and capital markets and serves as Lead Independent Director at JELD-WEN. | |
Thomas A. Amato Board | Independent Director | Director of TriMas Corporation | Thomas A. Amato joined the AMETEK Board in 2017. He is also the CEO of TriMas Corporation and has over 25 years of industrial leadership experience. | |
Tod E. Carpenter Board | Independent Director | Chairman, President, and CEO of Donaldson Company, Inc. | Tod E. Carpenter joined the AMETEK Board in 2019. He is also the Chairman, President, and CEO of Donaldson Company, Inc. |
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Given the ongoing destocking and project delays in your EIG Test and Measurement businesses, can you elaborate on the specific divisions and end markets that are most affected, and how you're planning to mitigate these challenges?
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With one of your two large Aerospace customers experiencing production issues, how do you anticipate this will impact your Aerospace business in 2025, and what steps are you taking to adjust your outlook and strategies accordingly?
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Considering the regulatory complexities in restructuring Paragon Medical, can you provide an update on the timeline and the challenges faced in integrating Paragon, especially in moving production or reducing costs in this regulated environment?
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In the context of the semiconductor capital equipment cycle and moderating expectations due to slower recovery in consumer products, how confident are you in your ability to match or outgrow the market, given the dynamics with China and new technologies, and what are the key risks you foresee?
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While you have announced acquisitions like Virtek Vision and Polygon Physics, can you discuss any potential hesitation or delays you're observing in your acquisition pipeline due to higher interest rates or market uncertainties, and how this might impact your growth strategy?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Kern Microtechnik | 2025 | AMETEK acquired Kern Microtechnik in January 2025 to join its Electronic Instruments Group, enhancing its Ultra Precision Technologies division with advanced high-precision machining and optical inspection solutions for sub‑micron applications in medical, semiconductor, research, and space markets, with no specific deal value disclosed. |
Virtek Vision International | 2024 | AMETEK acquired Virtek Vision International on October 31, 2024, incorporating advanced laser-based projection and inspection systems into its Creaform business to enhance automated 3D scanning and inspection capabilities in aerospace, defense, and industrial applications; the company has annual sales of approximately $40 million and is headquartered in Waterloo, Canada. |
Polygon Physics | 2024 | Acquired by AMETEK’s CAMECA business in 2024, Polygon Physics brings ultracompact, ultra‑low power electron cyclotron resonance technology to strengthen advanced metrology instrumentation and accelerate new product developments in chip manufacturing. |
Bison Gear & Engineering Corp. | 2023 | AMETEK acquired Bison Gear & Engineering Corp. in March 2023 for $99.3 million in cash (net of cash acquired), integrating it into its Electromechanical Group to expand its motion control solutions across industries, also including significant allocations for goodwill and other intangible assets. |
United Electronic Industries (UEI) | 2023 | Completed in August 2023, the UEI acquisition was part of a combined $246.7 million cash expenditure (with Bison) and added data acquisition and control solutions capabilities to AMETEK’s Electronic Instruments Group, with UEI generating approximately $35 million in annual sales. |
Amplifier Research Corp. | 2023 | AMETEK acquired Amplifier Research Corp. in October 2023 for approximately $105 million in cash, adding RF and microwave amplifiers along with EMC testing equipment to its Electronic Instruments Group; this acquisition, with estimated annual sales of around $60 million, supports sectors such as defense, medical, communications, and automotive. |
Paragon Medical | 2023 | AMETEK’s acquisition of Paragon Medical was completed on December 8, 2023 in an all‑cash deal valued at approximately $1.9 billion, joining its Electromechanical Group to bolster its MedTech portfolio with surgical instruments and implantable components targeted at specialty markets, with annual sales around $500 million. |
Navitar, Inc. | 2022 | AMETEK acquired Navitar, Inc. in September 2022 for $190.3 million in cash (net of cash acquired) to enhance its precision optics portfolio, particularly strengthening the Zygo business unit with advanced optical imaging systems for applications in medical, life sciences, and industrial automation. |
RTDS Technologies Inc. | 2022 | Acquired for 325 million Canadian dollars (≈$240 million) in 2022, RTDS Technologies Inc. brings real‑time power simulation systems that are critical for electric grid modernization and renewable energy applications, thus broadening AMETEK's Power Instruments business with both hardware and software capabilities and contributing approximately $100 million in annual sales when combined with Navitar. |
Recent developments and announcements about AME.
Earnings
New Earnings (Q4 2024)
·7 days agoView full earnings summary →AME sees 120bps margin expansion YOY & is ready to deploy $5B in 2025 at ~2.5x debt/EBITDA. Aerospace & Defense remain strong at mid-single-digit growth, while Process & Power lag with flat to low-single-digit gains. Watch for M&A and share buybacks to drive returns.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMFinancial ExhibitsOther EventsView full 8-K filing →AMETEK’s Board approved an 11% rise in its quarterly dividend to $0.31 per share (annual rate of $1.24) and a new share repurchase program of $1.25B, replacing the previous $1B authorization.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →AMETEK acquires Kern Microtechnik, a provider of advanced machining and optical inspection solutions with annual sales of around €50M. The acquisition strengthens its Ultra Precision Technologies unit and supports market and geographic expansion.