10-QPeriod: Q2 FY2008

AMETEK INC/ Quarterly Report for Q2 Ended Jun 30, 2008

Filed August 1, 2008For Securities:AME

Summary

AMETEK, Inc. reported its financial results for the second quarter and first half of 2008, reflecting continued operations within the industrial technology and manufacturing sectors. The company navigated a challenging economic environment, focusing on operational efficiency and strategic market positioning. Investors should note the company's revenue and earnings performance, with an emphasis on how it managed costs and generated cash flow during this period. The report provides insight into AMETEK's ongoing commitment to its core business segments and its strategies for sustained growth amidst economic uncertainties. Key financial metrics to watch include year-over-year changes in revenue and net income, as well as trends in operating margins. The company's balance sheet and cash flow statement offer a view into its financial health, liquidity, and investment activities. AMETEK's management discussion and analysis will be crucial for understanding the drivers behind the reported figures and the outlook for the remainder of the fiscal year.

Financial Highlights

29 data points
Beta

Revenue

$648.77M

Net Income

$65.84M

10.1% Net Margin

EPS (Diluted)

$0.27

Cash & Equivalents

$141.61M

Free Cash Flow

$121.89M

Financial Statements
Beta
Revenue$648.77M
SG&A Expenses$85.65M
Operating Expenses$534.66M
Operating Income$114.11M
Interest Expense$15.33M
Net Income$65.84M
EPS (Basic)$0.28
EPS (Diluted)$0.27
Shares Outstanding (Basic)238.39M
Shares Outstanding (Diluted)241.82M

Key Highlights

  • 1The report covers the quarterly period ended June 30, 2008, filed on July 31, 2008.
  • 2AMETEK, Inc. is categorized as an 'Accelerated Filer', indicating a certain level of financial reporting history and size.
  • 3The company reported 106,719,868 shares of common stock outstanding as of July 29, 2008.
  • 4The filing includes unaudited Consolidated Statements of Income, Balance Sheets, and Cash Flows for the relevant periods.
  • 5Management's Discussion and Analysis of Financial Condition and Results of Operations is provided to explain performance drivers.
  • 6The report details controls and procedures implemented by the company.
  • 7Exhibits, including an Amended and Restated Receivables Sale Agreement, are part of the filing.

Frequently Asked Questions

The 10-Q filing for the quarter ending June 30, 2008, contains the consolidated financial statements, including the Statement of Income. Investors would need to review these statements to understand specific revenue, gross profit, operating income, and net income figures for the quarter and compare them to prior periods or analyst expectations.

The Consolidated Balance Sheet as of June 30, 2008, and December 31, 2007, provides a snapshot of the company's assets, liabilities, and equity. Investors can analyze key ratios related to liquidity (e.g., current ratio), solvency (e.g., debt-to-equity ratio), and asset management to assess financial health.

The Condensed Consolidated Statement of Cash Flows for the six months ended June 30, 2008, and 2007, details the company's cash generated from operating, investing, and financing activities. This statement is crucial for understanding how AMETEK is generating cash, how it's investing in its business, and how it's managing its debt and equity.

While the filing doesn't explicitly list risks in the provided excerpt, the 'Management’s Discussion and Analysis of Financial Condition and Results of Operations' section (Item 2) is where management would typically discuss known trends, uncertainties, demands, commitments, events, or uncertainties that are reasonably likely to have a material effect on the company's financial condition or results of operations. Investors should carefully read this section for insights into potential challenges, such as economic conditions, competition, or operational issues.