Summary
AMETEK, Inc. reported strong performance in its 2013 fiscal year, achieving record orders, net sales, operating income, net income, and diluted earnings per share. The company's strategic growth plan, focused on Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions, continues to drive results. AMETEK expanded its global reach and product portfolio through three key acquisitions in 2013, which contributed positively to the year's financial performance. The company's commitment to innovation is evident in its continued investment in research and development, with new products introduced across its operating segments.
Financial Highlights
53 data pointsBeta
Financial Statements
Beta
| Revenue | $3.59B |
| R&D Expenses | $93.90M |
| SG&A Expenses | $398.18M |
| Operating Expenses | $2.78B |
| Operating Income | $815.08M |
| Interest Expense | $73.57M |
| Net Income | $517.00M |
| EPS (Basic) | $2.12 |
| EPS (Diluted) | $2.10 |
| Shares Outstanding (Basic) | 243.91M |
| Shares Outstanding (Diluted) | 246.06M |
Key Highlights
- 1AMETEK reported record net sales of $3.6 billion in 2013, a 7.8% increase from 2012.
- 2Net income rose by 12.6% to $517.0 million in 2013, with diluted EPS reaching $2.10.
- 3The company completed three strategic acquisitions in 2013: Controls Southeast, Creaform, and Powervar, all part of the Electronic Instruments Group (EIG).
- 4International sales represented 55.2% of total net sales in 2013, demonstrating significant global reach.
- 5Operating income margin improved to 22.7% of net sales in 2013, up from 22.4% in 2012.
- 6Research and development expenses were $178.7 million in 2013, highlighting a focus on new product development.
- 7The backlog of unfilled orders increased to $1.14 billion by the end of 2013, indicating strong future demand.