AMETEK said 2024 net sales were $6,941.2 million, an increase of $344.2 million or 5.2%, and net income was $1,376.1 million, with diluted earnings per share of $5.93. The company said the net sales increase was due to a 7% increase from acquisitions, partially offset by a 2% organic sales decline.

1. 01

   AMETEK said 2024 net sales were $6,941.2 million, an increase of $344.2 million or 5.2%, and net income was $1,376.1 million, with diluted earnings per share of $5.93. The company said the net sales increase was due to a 7% increase from acquisitions, partially offset by a 2% organic sales decline.

2. 02

   AMETEK said 2024 EIG net sales were $4,659.9 million, an increase of 0.8%, with operating margins of 30.7% compared with 28.3% in 2023, and EMG net sales were $2,281.3 million, an increase of 15.6%, with operating margins of 20.0% compared with 25.2% in 2023.

3. 03

   AMETEK said 2024 cash provided by operating activities was $1,828.8 million and free cash flow was $1,701.7 million. Total debt, net at the end of 2024 was $2,079.7 million, lower than $3,313.3 million at the end of 2023, and the company said it paid in full, at maturity, 3.73% senior notes of $300 million in Q3.

4. 04

   AMETEK said it repurchased approximately 1.2 million shares for $212.0 million in 2024 and paid dividends of $258.8 million. The company also said its Board of Directors approved an increase in the quarterly dividend to $0.31 effective February 7, 2025 and approved a $1.25 billion share repurchase authorization.

Key figures

Fiscal year ended December 31, 2024

Revenue

$6.9B

Operating income

$1.8B

Net income

$1.4B

EPS

$5.93

Operating cash flow

$1.8B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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