The 2020 Mid-Year Economic Update_long

AMETEK Sales Up 16% in 3Q

Profit increases 10.9% year over year.

AMETEK, Inc., Paoli, PA, a global manufacturer of electronic instruments and electromechanical devices, reported sales of $1 billion for the third quarter, up 16 percent over the same period of 2013. Profit increased 10.9 percent to $141.8 million.

For the third quarter, electronics instruments group (EIG) segment sales increased 26 percent to $631.6 million. Operating income was $162 million, an increase of 17 percent.

Electromechanical group (EMG) segment sales for the third quarter were $400.2 million, a 3 percent increase over the same period of 2013. Operating income of $82 million was up 6 percent.

Year to date, the company reported sales of $3 billion, up 13.1 percent from the first nine months of 2013. Profit increased 13.4 percent to $432.5 million.

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