$AME (Ametek Inc.)

$AME {{ '2016-02-05T12:02:05+0000' | timeago}} • Announcement

Pennsylvania-based electronic company $AME posted lower 4Q15 net income of $137MM or $0.57 per diluted share vs. $152MM or $0.62 per diluted share in 4Q14. Adjusted diluted EPS was $0.63 for the quarter. Net sales fell 4% to $988MM vs. 4Q14, hurt by sales declines of 2% in the Electronic Instruments Group and 5% in the Electromechanical Group.

$AME {{ '2017-06-22T13:13:23+0000' | timeago}} • Announcement

$AME completed its acquisition of $MOCO for $30 per share in cash per fully diluted common share, or about $182MM net of cash acquired. As a result of completion of merger, common stock of $MOCO will no longer be listed for trading. $MOCO joins $AME as part of its Process & Analytical Instruments Division within $AME's Electronic Instruments Group.

$AME {{ '2017-06-05T12:33:35+0000' | timeago}} • Announcement

Frank Hermance will retire as Executive Chairman of $AME BoD, effective July 7, 2017. CEO David Zapico will assume the additional role of Chairman of the Board, effective July 7, 2017. The Board also named Anthony Conti, a current Board member, as Lead Independent Director, effective July 7, 2017.

$AME {{ '2017-05-10T13:37:01+0000' | timeago}} • Announcement

$AME BoD declared a regular quarterly dividend of $0.09 per share for 2Q17. The dividend is payable June 30, 2017 to shareholders of record as of June 16, 2017.

$AME {{ '2017-05-02T12:24:04+0000' | timeago}} • Announcement

In 1Q17, $AME's sales in Electronic Instruments Group rose 9% to $619.8MM, while sales in Electromechanical Group scaled up 3% to $387.9MM.

$AME {{ '2017-05-02T12:20:52+0000' | timeago}} • Announcement

For 2Q17, $AME expects sales to increase mid-single digits on a percentage basis YoY. Earnings for the period are estimated to be approx $0.60-0.62 per share, up 2-5% over last year's second quarter.

$AME {{ '2017-05-02T12:17:55+0000' | timeago}} • Announcement

$AME expects FY17 sales to increase mid-single digits, with organic sales up low-single digits. The company raised its earnings guidance range to $2.40-2.48 per share, from the previous guidance range of $2.34-2.46 per share.

$AME {{ '2017-05-02T12:14:37+0000' | timeago}} • Announcement

$AME, a maker of electronic instruments, posted 7% increase in net sales to $1.01Bil in 1Q17, on strong organic growth and contributions from recently completed acquisitions. Net income was $138.9MM, or $0.60 per share, compared to $134.1MM, or $0.57 per share in the year-ago quarter.

$AME {{ '2017-04-17T13:00:16+0000' | timeago}} • Announcement

$AME agreed to buy $MOCO for $30 per share in cash. The aggregate enterprise value of the transaction is about $182MM, taking into account $MOCO's outstanding equity awards and net cash to be acquired in the transaction. The transaction, which was unanimously approved by the BoD of $MOCO, is expected to close in late 2Q or calendar 3Q17.

$AME {{ '2017-03-07T14:24:59+0000' | timeago}} • Announcement

$AME announced its BoD appointed $TRS President and CEO Thomas Amato as a new director of AMETEK.

$AME {{ '2017-02-13T13:42:17+0000' | timeago}} • Announcement

$AME BoD declared a regular quarterly dividend of nine cents per share for 1Q17, payable on March 31, 2017 to shareholders of record as of March 17, 2017.

$AME {{ '2017-02-13T13:22:04+0000' | timeago}} • Announcement

$AME BoD elects George Ardolino as Vice President and General Manager, for its Power Systems and Instruments Division.

$AME {{ '2017-02-07T18:02:22+0000' | timeago}} • Webcast

$AME said that CapEx for 4Q16 was $23MM and $63MM for FY16. For FY17, the company expects CapEx to be approx. $75MM. Operating cash flow for the quarter was a record at $247MM, up 24% year-over-year.

$AME {{ '2017-02-07T13:55:54+0000' | timeago}} • Announcement

$AME completed the acquisition of Rauland-Borg Corp. for $340MM, plus a potential contingent payment of $30 million tied to the achievement of certain milestones. The acquired company has an annual revenues of approx. $160MM.

$AME {{ '2017-02-07T12:16:10+0000' | timeago}} • Announcement

$AME expects 2017 sales to be up mid-single digits versus 2016, with organic sales up low-single digits. $AME expects 2017 EPS of $2.34-2.46, up 2-7% compared with 2016. 1Q17 sales are expected to be roughly flat versus 1Q16 and EPS is expected to be approx. $0.55-0.57.

$AME {{ '2017-02-07T12:12:55+0000' | timeago}} • Announcement

In 4Q16, $AME’s Electronic Instruments Group sales decreased 2% to $616MM compared with 4Q15. In the Electromechanical Group, sales decreased 1% to $356.9MM compared with 4Q15.

$AME {{ '2017-02-07T12:08:03+0000' | timeago}} • Announcement

Electronic instruments maker $AME reported a decrease in 4Q16 earnings. Net income was $109.1MM or $0.47 per share compared to $136.8MM or $0.57 per share in 4Q15. Net sales declined 1.5% to $973MM from last year.

$AME {{ '2016-12-01T14:28:52+0000' | timeago}} • Announcement

$AME's BoD elected two new SVPs and two new VPs and General Managers. The SVPs are Matthew French and Bruce Wilson. The VPs and General Managers are David Jordan and Prakash Mahesh.

$AME {{ '2016-12-01T13:46:50+0000' | timeago}} • Announcement

$AME appointed Tony Ciampitti as the President of Electronic Instruments division, effective January 1, 2017. Ciampitti currently serves as VP & General Manager of the company's Power Systems and Instruments division.

$AME {{ '2016-11-03T19:04:41+0000' | timeago}} • Announcement

$AME increased the authorized level for repurchases of its common stock by $400MM. This increased authorization will be added to the approximately $75MM that currently remains available from an existing authorization approved by the Board of Directors in November 2015.

$AME {{ '2016-11-03T18:31:30+0000' | timeago}} • Announcement

$AME declared a regular quarterly dividend of nine cents per share for 4Q16 ending December 31, 2016. The dividend is payable December 21, 2016 to shareholders of record as of December 7, 2016.

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