AMETEK INC/ : Results of Operations and Financial Condition (form 8-K)
May 04, 2021 at 11:39 am EDT
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Item 2.02 Results of Operations and Financial Condition.
On May 4, 2021, AMETEK, Inc. (the "Company") issued a press release announcing
its financial results for the three months ended March 31, 2021. A copy of the
release is furnished as Exhibit 99.1 and incorporated by reference herein. This
Current Report on Form 8-K and the press release attached hereto are being
furnished pursuant to Item 2.02 of Form 8-K.
The information shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liabilities under that Section and shall not be deemed to be
incorporated by reference into any filing by the Company under the Securities
Act of 1933, as amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.
Item 8.01 Other Events.
On May 4, 2021, the Company issued a press release announcing it has acquired
NSI-MI Technologies. A copy of the release is furnished as Exhibit 99.2 to this
Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press release, dated May 4, 2021, "AMETEK Announces First Quarter Results
and Raises 2021 Guidance".
99.2 Press release, dated May 4, 2021, "AMETEK Acquires NSI-MI Technologies".
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
AMETEK, Inc. is one of the world's leaders in manufacturing and marketing electronic instruments and electromechanical devices. Net sales break down by family of products as follows:
- electronic instruments (70.1%): instruments and screens for aircrafts cockpits, airborne electronic systems of data surveillance and registering, pressure, temperature and flow sensors for airline companies and aeronautical manufacturers, analysis devices for the medical and research sectors, measurement and surveillance instruments used in the processing industries, instruments and dashboards for heavy trucks and agricultural vehicles, etc.;
- electromechanical devices (29.9%): brushless motors, heat exchangers, connectors, terminals, thermal management subsystems, motors-blowers, etc. primarily for the aeronautic, automotive, medical, computing and defense sectors. The group also provides metal powders and alloys for the manufacturing of electronic components and automotive and aeronautic products.
At the end of 2023, the group had more than 150 production sites worldwide.
Net sales are distributed geographically as follows: United States (52.6%), Asia (20.9%), United Kingdom (3.3%), European Union (14.3%) and others (8.9%).