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AMETEK Announces Record Results

BERWYN, Pa. April 26, 2012

$827.2 million $182.8 million $152.0 million $110.2 million $90 $0.68 $0.56

Frank S. Hermance

$141 million


$468.8 million $123.0 million $100.0 million

"EIG had a tremendous first quarter.  Excellent core growth resulted from strength in our aerospace and process businesses.  The recent Reichert Technologies, EM Test, Technical Manufacturing Corp. and O’Brien acquisitions also contributed to the revenue increase.  Operating margins expansion was driven by the higher revenue and our Operational Excellence initiatives," said Mr. Hermance.


$358.3 million $70.9 million

"EMG also had a strong first quarter.  Core growth in our differentiated businesses and the contributions from the acquisitions of Avicenna Technology and Coining drove the top line increase.  Operating margins were up nicely on the higher revenue and our Operational Excellence initiatives," commented Mr. Hermance.


$2.70 to $2.75 $2.65 to $2.70

$0.65 to $0.68 $0.58


Thursday, April 26, 2012 8:30 AM ET www.ametek.com www.streetevents.com www.ametek.com


$3.3 billion


Kevin C. Coleman

(Financial Information Follows)

    

AMETEK, Inc.

Consolidated Statement of Income

(In thousands, except per share amounts)

(Unaudited)

   

   

2012

2011

Net sales

$827,152

$717,783

Operating expenses:

    

536,283

472,804

    

95,036

81,492

    

13,057

11,467

           

644,376

565,763

 

182,776

152,020

Other expenses:

    

(18,837)

(17,150)

    

(2,240)

(1,485)

Income before income taxes

161,699

133,385

Provision for income taxes

51,549

42,950

Net income

$110,150

$  90,435

Diluted earnings per share

$     0.68

$     0.56

Basic earnings per share

$     0.69

$     0.57

Weighted average common shares outstanding:

    

162,205

162,186

    

160,124

159,728

Dividends per share

$     0.06

$     0.06

  

AMETEK, Inc.

Information by Business Segment

(In thousands)

(Unaudited)

   

   

2012

2011

Net sales:

    

$468,808

$388,842

    

358,344

328,941

         

$827,152

$717,783

Income:

Segment operating income:

    

$123,025

$  99,960

    

70,877

62,926

         

193,902

162,886

    

(11,126)

(10,866)

         

$182,776

$152,020

 

AMETEK, Inc.

Condensed Consolidated Balance Sheet

(In thousands)

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