AMETEK announces $1B share repurchase authorization, replacing prior $500M plan

AMETEK INC/

Board approved $1 billion share repurchase authorization, replacing February 2019 $500M plan with ~$313M remaining.
CEO David Zapico cites added flexibility for opportunistic repurchases, with primary cash use remaining strategic acquisitions.
Authorization allows AMETEK to enhance shareholder value through open-market repurchases.
No other material items: annual meeting vote results are routine and non-binding.

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