AMETEK, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2021
August 03, 2021 at 06:55 am EDT
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AMETEK, Inc. provided earnings guidance for the third quarter and full year of 2021. The company expects overall sales in the third quarter to be up in the mid-20% range compared to the third quarter of 2020.
Following their second quarter results, they are increasing their guidance for the year. For 2021, they now expect overall sales to be up approximately 20% with organic sales up approximately 10%.
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%).
AMETEK, INC. 
