The 2020 Mid-Year Economic Update_long

AMETEK Sales Up 1% in 2Q

Year-to-date sales increased 1.1 percent year-over-year.

AMETEK Inc., Berwyn, PA, a global manufacturer of electronic instruments and electromechanical devices, reported sales of $1 billion for the second quarter, up 1 percent over the same period a year ago. Profit increased 3.6 percent to $155.5 million.

For the quarter, electronics instruments group sales increased 4 percent year-over-year to $596.5 million. Operating income was $164 million, an increase of 8 percent.

Electromechanical group sales for the second quarter were $407.3 million, a 2 percent decrease. Operating income of $89.3 million was down 3 percent.

Year to date, the company reported sales of $2 billion, up 1.1 percent year-over-year. Profit increased 2.4 percent to $297.6 million.

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