The 2020 Mid-Year Economic Update_long

AMETEK Sales Down 6.6% in Q1

First quarter Electronic Instruments Group sales were $774.2 million, down 4% compared to the same period in 2019.

AMETEK Inc., Berwyn, Pennsylvania, a global manufacturer of electronic instruments and electromechanical devices, reported sales for the first quarter of $1.2 billion, down 6.6% from the same period a year ago. Profit increased 37.4% to $280.6 million. 

First quarter Electronic Instruments Group sales were $774.2 million, down 4% compared to the same period in 2019. Electromechanical Group sales in the first quarter were $428.0 million, down 11% compared to last year's first quarter. 

"We are pleased with the way our colleagues have responded to the unprecedented personal and professional challenges presented by the COVID-19 pandemic," commented David A. Zapico, AMETEK chairman and CEO. "The safety and well-being of our employees remains our top priority. To that end, we have implemented significant safety measures to help safeguard our employees while also providing continued support for our essential customers."

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