Summary
AMETEK Inc.'s 10-Q filing for the period ending June 29, 2011, indicates effective disclosure controls and procedures as of that date, with no material changes to internal controls over financial reporting noted during the quarter. The company also reported on its share repurchase program, detailing purchases made under a $75 million authorization. Investors can note the company's continued commitment to robust financial reporting and its ongoing capital allocation strategy through share buybacks.
Financial Highlights
50 data pointsBeta
Financial Statements
Beta
| Revenue | $758.83M |
| SG&A Expenses | $89.69M |
| Operating Expenses | $601.88M |
| Operating Income | $156.96M |
| Interest Expense | $17.34M |
| Net Income | $94.14M |
| EPS (Basic) | $0.39 |
| EPS (Diluted) | $0.39 |
| Shares Outstanding (Basic) | 240.61M |
| Shares Outstanding (Diluted) | 243.32M |
Key Highlights
- 1Disclosure controls and procedures were deemed effective as of June 30, 2011.
- 2No material changes affecting internal control over financial reporting were identified during the quarter.
- 3AMETEK repurchased 251,379 shares of its common stock during the three months ended June 30, 2011.
- 4These share repurchases were part of a previously announced $75 million authorization from January 28, 2010.
- 5A portion of the shares repurchased were used to satisfy employee tax withholding obligations related to restricted stock vesting.