AMETEK Sales Up 11.9% in 2014 - Modern Distribution Management

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AMETEK Sales Up 11.9% in 2014

Profit increases 13 percent year over year to $584.5 million.
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AMETEK Inc., Paoli, PA, a global manufacturer of electronic instruments and electromechanical devices, reported sales for 2014 of $4 billion, up 11.9 percent over 2013. Profit increased 13 percent to $584.5 million.

For the fourth quarter, the company reported sales of $1 billion, up 8.7 percent from the same period of 2013. Profit increased 12 percent to $152 million.

For the fourth quarter, electronics instruments group segment sales increased 14% to $644.4 million. Operating income, excluding the Zygo integration costs, increased 11% to $168.1 million over the fourth quarter of 2013.

In the fourth quarter, electromechanical group segment sales increased 1% to $379.8 million. Operating income in the fourth quarter increased 9% to $77 million.

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