AMETEK also recently appointed a new VP of Strategic Procurement and a new VP of Operational Excellence in November.
Latest In AMETEK
MDM looks at another round of earnings reports from industrial suppliers.
Jose Munoz held several positions with AMETEK prior to his promotion.
Gene Hahnenberg previously worked at Trane Technologies, where he was most recently Vice President of Direct Materials Procurement.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Major distributors and manufacturers continue to raise their full-year outlook after better-than-expected 2Q results and persistent demand.
As evidenced by the latest round of quarterly earnings reports, some industrial distributors and manufacturers still see year-to-year growth.
First-quarter 2022 sales were $1.46 billion, a 20% increase compared to the first quarter of 2021, the company says.
The company’s board approved a 10% increase in its quarterly cash dividend, while multiple leadership changes were also announced.
The company set numerous personal bests, including full-year 2021 sales at a record $5.5 billion, a 22% increase over 2020.
Ohio Transmission Corporation, an industrial equipment service distributor, acquired Diversified Pump, TP Pump and Critical Rental Solutions.
AMETEK has appointed two new vice presidents/general managers, as longtime SVP Bruce Wilson announces retirement.
The Pennsylvania manufacturer of electronic instruments and electromechanical devices acquired a provider of gas and particulate sensors.
Second quarter Electronic Instruments Group sales were a record $934 million, up 44% compared to last year's second quarter.
First quarter Electronic Instruments Group sales were $774.2 million, down 4% compared to the same period in 2019.
Sales in the companys Electronic Instruments Group were up 10%.
Spectro joins AMETEK as part of its Electronic Instruments Group.
