AMETEK Inc., Paoli, PA, a global manufacturer of electronic instruments and electromechanical devices, reported sales for 2014 of $4 billion, up 11.9 percent over 2013. Profit increased 13 percent to $584.5 million.
For the fourth quarter, the company reported sales of $1 billion, up 8.7 percent from the same period of 2013. Profit increased 12 percent to $152 million.
For the fourth quarter, electronics instruments group segment sales increased 14% to $644.4 million. Operating income, excluding the Zygo integration costs, increased 11% to $168.1 million over the fourth quarter of 2013.
In the fourth quarter, electromechanical group segment sales increased 1% to $379.8 million. Operating income in the fourth quarter increased 9% to $77 million.