Ametek, Inc., is a global manufacturer of electromechanical devices and electronic instruments. It is based in Berwyn, Pennsylvania, USA.
It operates more than 120 manufacturing facilities and 80 sales and service locations worldwide.
The company was founded in 1930 under the name “American Machine and Metals”. It was not until the early 1960’s that it changed its name to Ametek.
Ametek, Inc. is comprised of two primary business groups:
Electronic Instruments: manufacturing of advanced instruments for the aerospace, power, industrial, and process markets.
Electromechanical: supplier of electrical interconnects, speciality motors, thermal management systems, floor care, and precision motion control systems.
The company has “Four Key Strategies”, which are : Operational Excellence, Strategic Acquisitions, Global & Market Expansion and New Products.
The products that the company develops include:
Aerospace & Defense: Hydraulics and Pneumatics, Motion Control Products, MRO Capabilities (3rd party), Power Systems & Components, Sensors & Fluid Management Systems, Thermal Management Components, and Thermal Management Systems.
Connectors, Metals & Engineered System & Materials: Cable Systems, Ceramic Seals, Diamond Machining Systems, FP Tubing & Heat Exchangers, Hermetic Connector/Microelectronic Packaging, Hermetic Seals, Hose & Cable Carriers, Industrial Brakes, Plastics Compounding, Specialty Metals, and Springs & Reels.
Electronic Instruments: Displays, Controls, Power Supplies, High Speed Cameras, Vehicular Electronics, Level, Pressure, Temperature, Calibration, Position, Automation, Materials Analysis & Detection, Materials Testing & Characterization, Process Analyzers & Laboratory Equipment, Turbine Blade, and Temperature Monitoring.
Motors & Blowers: Blowers/Vac Motors, Bus/Mass Transit Motors, Controllers, Drive Motors, Fans, Floor Care, Gearmotors, Motors, Pumps, and Vacuums.
Power: AC/DC Programmable Power Sources, Battery Chargers, Inverters, UPS Systems, Contactors & Solenoids & Switchgear Components, Power Supplies & Control Systems, Power Quality & Measurement, Alarm Management, Transient Recording, Utility Communication Products, and Gas Turbine Sensors.
- Chairman and CEO: Frank S. Hermance
- CFO: Robert R. Mandos, Jr.
- Industry: Manufacturer
- Type: Public
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock symbol: AME
- S&P 500 Component
- Net sales: $4.021 billion USD (2014)
- Net income: $584.460 million USD (2014)
- Diluted earnings per share: $2.39 USD (2014)
- Company head office: 1100 Cassatt Road, Berwyn, PA 19312, USA
- Employees: 15,400 (2014)
- Website: http://www.ametek.com/
Ametek, Inc. Financial Results, Years Ended December 31
|Operating data (in $ thousands)||2014||2013|
|Cost of sales, excluding depreciation||$2,597,017||$2,323,642|
|Selling, general and administrative||$462,637||$398,177|
|Total operating expenses||$3,123,378||$2,779,057|
|Balance sheet data (in $ thousands)|
|Total stockholders’ equity||$3,239,561||$3,136,121|
|Common share data (in $)|
|Basic earnings per share||$2.39||$2.12|
|Diluted earnings per share||$2.37||$2.10|
|Cash flow data (in $ thousands)|
|Net cash provided by operating activities||$725,962||$660,659|
|Net cash provided by (used for) investing activities||$(641,633)||$(460,333)|
|Net cash used for financing activities||$24,139||$(70,284)|
|Cash and cash equivalents at beginning of year||$295,203||$157,984|
|Cash and cash equivalents at end of year||$377,615||$295,203|
Source: “Ametek Form 10-K 2014”