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AMETEK 1Q Sales Down 10%

AMETEK, Inc., Paoli, PA, reported sales of $552.9 million for the first quarter 2009, down 10% over the same period of 2008. Profit declined 11% to $59.1 million.
For the 2009 first quarter, EIG segment sales decreased 11% to $302.5 million. Operating income was $69.1 million, compared with $79.2 million in the first quarter of 2008, a decrease of 13%. Declines were driven primarily by weakness in the Process and Industrial businesses.
EMG segment sales for the first quarter were $250.4 million, an 8% decrease over the same period of 2008. Operating income of $46.2 million was down 2%.
AMETEK is a global manufacturer of electronic instruments and electromechanical devices.

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