Another near-record year for acquisitions has bolstered the Berwyn-headquartered manufacturer of electronic instruments and electromechanical devices, and it has record third quarter sales to show for it.
“AMETEK had another terrific quarter,” Chairman and CEO Frank S. Hermance said in a recent press release. “We delivered record performance as a result of the continued strong execution of our Four Growth Strategies. Solid core growth combined with our Operational Excellence initiatives and the contributions from recent acquisitions allowed us to deliver excellent results and exceed our third quarter earnings expectations.”
The quarter’s sales peaked at $1.03 billion, up 16 percent from the same quarter a year ago, and future projections look strong as well.
“While the global economy remains sluggish, we are confident in our ability to continue to deliver strong sales and earnings growth due to our excellent portfolio of businesses, proven operational capabilities, increased investments in organic growth initiatives, and a successful focus on strategic acquisitions,” Hermance said.
Read more about the company’s quarter of record sales and operating income on PR Newswire here.
