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Ametek Touts Record First Quarter

Photonics.com
May 2014
BERWYN, Pa., May 13, 2014 — Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices, reported a successful first quarter, with record sales, orders, operating and net incomes, and diluted earnings per share.

The company saw a 12 percent increase in net income during the first quarter of 2014 with $140.6 million, compared to $125.1 million during the same period last year. It generated $975.3 million in sales so far this year, an increase of 10 percent over the first quarter of last year.

The company acquired Zygo Corp., a manufacturer of optical metrology products and high-precision optics, during the first quarter this year, enhancing Ametek’s earnings. For the second quarter of 2014, the company anticipates a 10 percent increase in sales over last year’s second quarter.

For more information, visit www.ametek.com.

GLOSSARY
metrology
The science of measurement, particularly of lengths and angles.
AmetekBusinessCommunicationsConnecticutelectromechanicalfiber opticsFrank S. HermancemetrologyopticsPennsylvaniaZygo Corporationdiluted earningsdiluted share

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