secwatch.observer — SEC 8-K summary
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Issuer:     AMETEK INC/ (AME)
CIK:        0001037868
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001037868-23-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMETEK Q3 EPS beats, raises FY guidance; agrees to buy Paragon Medical for ~$1.9B
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- Q3 sales $1.62B (+5% YoY); GAAP EPS $1.47; adjusted EPS $1.64 (+13%), record operating margins 27.0%.
- Record Q3 operating cash flow $473M (+45% YoY). Raises FY2023 adjusted EPS guidance to $6.31-$6.33 (from $6.18-$6.26).
- Agreed to acquire Paragon Medical for ~$1.9B cash; Paragon has ~$500M annual sales in medical components/instruments.
- Also acquired Amplifier Research Corp., RF/microwave amplifier maker with ~$60M sales; terms not disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037868/000103786823000054/0001037868-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037868/000103786823000054/ame-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001037868-23-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer