AMETEK INC/ incurred term loan of up to $4.0 billion with Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as syndication agents at a rate equal to either a Term SOFR rate or an alternate base rate, in each case,.
“The Term Loan Agreement provides for a senior unsecured term loan facility of up to $4.0 billion consisting of three tranches: (a) $1.625 billion of term loans that will mature three years from the date on which they are drawn (“Tranche A Loans”), (b) $1.625 billion of term loans that will mature four years from the date on which they are drawn (“Tranche B Loans”) and (c) $750 million of term loans that will mature five years from the date on which they are drawn (“Tranche C Loans””
Debt Financings
AMETEK INC/ amended revolving credit of from $2.3 billion to $3.5 billion with JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as administrative agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents maturing June 9, 2031.
“The Revolving Credit Agreement increases the aggregate amount of the lenders' commitments to make revolving loans (“Revolving Loans”) from $2.3 billion to $3.5 billion and extends the maturity date to June 9, 2031”
“As a result of entering into the Revolving Credit Agreement and the Term Loan Agreement, such bridge financing commitments have been automatically reduced and terminated in full.”
Material Agreements
AMETEK INC/ entered into Term Loan Credit Agreement with lenders party thereto, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as syndication agents valued at up to $4.0 billion (effective 2026-06-09).
“On June 9, 2026, the Company also entered into a Term Loan Credit Agreement (the “Term Loan Agreement”), among the Company, the lenders party thereto, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as syndication agents.”
Material Agreements
AMETEK INC/ amended Amended and Restated Credit Agreement with lenders party thereto, JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as administrative agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents valued at from $2.3 billion to $3.5 billion (effective 2026-06-09).
“On June 9, 2026, AMETEK, Inc. (the “Company”), together with certain of its foreign subsidiaries, entered into an Amended and Restated Credit Agreement (the “Revolving Credit Agreement”) with the lenders party thereto, JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as administrative agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents.”
Shareholder Votes
AMETEK INC/ shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-05-07 meeting.
“Ratification of Appointment of Independent Registered Public Accounting Firm. The stockholders ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the Company for the year ending December 31, 2026. The result of the vote was as follows: Votes For Votes Against Abstain 184,817,440 18,965,778 1,014,154”
Shareholder Votes
AMETEK INC/ shareholders approved Advisory Approval of the Company's Executive Compensation at the 2026-05-07 meeting.
“Advisory Approval of the Company’s Executive Compensation. The stockholders approved, on an advisory (non-binding) basis, the compensation of certain executive officers. The result of the vote was as follows: Votes For Votes Against Abstain Broker Non-Votes 183,197,200 11,316,518 351,629 9,932,025”
Shareholder Votes
AMETEK INC/ shareholders approved Election of Directors for a term expiring in 2029 at the 2026-05-07 meeting.
“The following nominees were elected to the Board of Directors for a term expiring in 2029: Nominee Votes For Votes Against Abstain Broker Non-Votes Thomas A. Amato 182,796,796 11,986,624 81,927 9,932,025 Anthony J. Conti 174,230,378 19,682,080 952,889 9,932,025 Gretchen W. McClain 168,186,398 25,727,604 951,345 9,932,025”
Nick L. Stanage was appointed as Class III Director at AMETEK INC/.
“Nick L. Stanage was appointed to the Board of Directors of AMETEK, Inc., or the "Company" effective May 7, 2026 to serve as a Class III Director until the 2027 Annual Meeting.”
Earnings Releases
AMETEK INC/ reported first quarter ended March 31, 2026 results: revenue $1.93 billion, EPS $1.74 per diluted share. Guidance raised.
“AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2026. AMETEK's first quarter 2026 sales were $1.93 billion, an 11% increase over the first quarter of 2025. On a GAAP basis, first quarter earnings were a record $1.74 per diluted share.”
Shareholder Votes
AMETEK INC/ shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-07 meeting.
“3) Ratification of Appointment of Independent Registered Public Accounting Firm. The Stockholders ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the Company for the year ending December 31, 2024. The result of the vote was as follows: Votes For Votes Against Abstain 196,975,453 13,531,425 177,568”
Shareholder Votes
AMETEK INC/ shareholders approved Advisory Approval of the Company’s Executive Compensation at the 2024-05-07 meeting.
“2) Advisory Approval of the Company’s Executive Compensation. The Stockholders approved, on an advisory (non-binding) basis, the compensation of certain executive officers. The result of the vote was as follows: Votes For Votes Against Abstain Broker Non-Votes 190,340,800 10,350,039 278,513 9,715,094”
Shareholder Votes
AMETEK INC/ shareholders approved Election of Directors at the 2024-05-07 meeting.
“1) Election of Directors. The following nominees were elected to the Board of Directors for a term expiring in 2027: Nominee Votes For Votes Against Abstain Broker Non-Votes Tod E. Carpenter 194,036,698 6,801,897 130,757 9,715,094 Karleen M. Oberton 196,452,339 4,400,443 116,570 9,715,094 Suzanne L. Stefany 180,738,298 20,107,953 123,101 9,715,094”
Earnings Releases
AMETEK INC/ reported the first quarter ended March 31, 2024 results: revenue $1.74 billion, EPS $1.34. Guidance raised.
“AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2024. AMETEK’s first quarter 2024 sales were a record $1.74 billion”
“Adjusted earnings per diluted share are expected to be in the range of $6.70 to $6.85”
Earnings Releases
AMETEK INC/ reported the year ended December 31, 2023 results: revenue $6.60 billion, EPS $6.38 per share.
“For the full year, AMETEK’s sales were a record $6.60 billion”
Earnings Releases
AMETEK INC/ reported the fourth quarter ended December 31, 2023 results: revenue $1.73 billion, EPS $1.68 per diluted share.
“AMETEK’s fourth quarter 2023 sales were a record $1.73 billion”
Dalip M. Puri was elected as Executive Vice President and Chief Financial Officer at AMETEK INC/.
“The Company also announced that Dalip M. Puri was elected Executive Vice President and Chief Financial Officer of the Company effective April 2, 2024, assuming Mr. Burke’s position.”
William J. Burke departed as Executive Vice President and Chief Financial Officer at AMETEK INC/.
“On January 16, 2024, AMETEK, Inc. (the “Company”) announced that William J. Burke, Executive Vice President and Chief Financial Officer, intends to retire effective April 2, 2024.”
Earnings Releases
AMETEK INC/ reported financial results for nine months ended September 30, 2023.
“announcing its financial results for the three and nine months ended September 30, 2023”
Earnings Releases
AMETEK INC/ reported third quarter ended September 30, 2023 results: revenue $1.62 billion, EPS $1.47 per diluted share. Guidance raised.
“AMETEK’s third quarter 2023 sales were $1.62 billion”
Earnings Releases
AMETEK INC/ updated its the second quarter ended June 30, 2023 guidance (raised).
“On August 1, 2023, AMETEK, Inc. (the “Company”) issued a press release announcing its financial results for the three and six months ended June 30, 2023.”
Shareholder Votes
AMETEK INC/ shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-05-04 meeting.
“4) Ratification of Appointment of Independent Registered Public Accounting Firm. The Stockholders ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the Company for the year ending December 31, 2023. The result of the vote was as follows: Votes For Votes Against Abstain 197,786,622 10,744,464 222,968”
Shareholder Votes
AMETEK INC/ shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation at the 2023-05-04 meeting.
“3) Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation. The Stockholders approved, on an advisory (non-binding) basis, the frequency of future advisory votes on executive compensation. The result of the vote was as follows: One Year Two Years Three Years Abstain Broker Non-Votes 196,034,277 178,699 2,284,797 240,390 10,015,891 Based on these results, and consistent with the Company's recommendation, the Company's Board of Directors has determined that the Company will hold future advisory votes on executive compensation every year.”
Shareholder Votes
AMETEK INC/ shareholders approved Advisory Approval of the Company's Executive Compensation at the 2023-05-04 meeting.
“2) Advisory Approval of the Company's Executive Compensation. The Stockholders approved, on an advisory (non-binding) basis, the compensation of certain executive officers. The result of the vote was as follows: Votes For Votes Against Abstain Broker Non-Votes 177,805,352 15,810,283 5,122,528 10,015,891”
Shareholder Votes
AMETEK INC/ shareholders approved Election of Directors at the 2023-05-04 meeting.
“1) Election of Directors. The following nominees were elected to the Board of Directors for a term expiring in 2026: Nominee Votes For Votes Against Abstain Broker Non-Votes Thomas A. Amato 189,217,434 9,294,484 226,245 10,015,891 Anthony J. Conti 180,796,120 17,734,626 207,417 10,015,891 Gretchen W. McClain 177,834,421 20,701,160 202,582 10,015,891 Of the remaining six Board members, Tod E. Carpenter, Karleen M. Oberton, and Suzanne L. Stefany terms expire in 2024 and Steven W. Kohlhagen, Dean Seavers, and David A. Zapico terms expire in 2025.”
Earnings Releases
AMETEK INC/ reported first quarter ended March 31, 2023 results: revenue $1.60 billion, EPS $1.32. Guidance raised.
“AMETEK's first quarter 2023 sales were $1.60 billion, a 10% increase over the first quarter of 2022, with organic sales growth of 9%.”
Earnings Releases
AMETEK INC/ reported the first quarter of 2023 results: EPS $1.38 to $1.42. Guidance initiated.
““For the first quarter of 2023, overall sales are also expected to be up mid-single digits compared to the same period last year. Adjusted earnings in the quarter are anticipated to be in the range of $1.38 to $1.42 per share, up 4% to 7% compared to the first quarter of 2022,” concluded Mr. Zapico.”
““For 2023, we expect overall sales to be up mid-single digits compared to 2022. Adjusted earnings per diluted share are expected to be in the range of $5.84 to $6.00, an increase of 3% to 6% over the comparable basis for 2022,” he added.”
Earnings Releases
AMETEK INC/ reported the year ended December 31, 2022 results: revenue $6.15 billion, EPS $5.01 per diluted share.
“For the full year, AMETEK’s sales were $6.15 billion, an increase of 11% over 2021. Organic sales were also up 11% in 2022. Operating income was $1.50 billion, up 15% versus the prior year, and operating income margins were 24.4%, expanding 80 basis points over last year’s results. On a GAAP basis, full year 2022 earnings were $5.01 per diluted share.”
Earnings Releases
AMETEK INC/ reported the fourth quarter ended December 31, 2022 results: revenue $1.63 billion, EPS $1.33 per diluted share.
“AMETEK’s fourth quarter 2022 sales were a record $1.63 billion, an 8% increase over the fourth quarter of 2021, with organic sales growth of 9%. Operating income increased 10% to a record $398 million and operating margins were 24.5%, up 50 basis points from fourth quarter 2021 margins. On a GAAP basis, fourth quarter earnings per diluted share were $1.33.”
“Adjusted diluted earnings per share are expected to be in the range of $5.61 to $5.63”
Earnings Releases
AMETEK INC/ reported the third quarter ended September 30, 2022 results: revenue $1.55 billion, EPS $1.29. Guidance raised.
“AMETEK’s third quarter 2022 sales were a record $1.55 billion”
Suzanne L. Stefany was appointed as Class III Director at AMETEK INC/.
“Suzanne L. Stefany was appointed to the Board of Directors of AMETEK, Inc., or the “Company” effective August 3, 2022 to serve as a Class III Director until the 2024 Annual Meeting.”
Debt Financings
AMETEK INC/ amended revolving credit of $2.3 billion with JPMorgan Chase Bank, N.A..
“Association, as Co-Syndication Agents. The Credit Agreement amends and restates the Company’s existing revolving credit facility to increase the size from $1.5 billion to $2.3 billion and terminates the $800 million term loan. The Credit Agreement places certain restrictions on allowable additional indebtedness. This description of the Credit Agreement is a”
“On May 12, 2022, AMETEK, Inc. (the “Company”) along with certain of its foreign subsidiaries completed an amended and restated Revolving Credit Facility dated as of September 22, 2011, as amended and restated as of March 10, 2016, and as further amended and restated as of October 30, 2018 (the “Credit Agreement”), with the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as Co-Syndication Agents.”
Dean Seavers was appointed as Director at AMETEK INC/.
“Dean Seavers was appointed to the Board of Directors of AMETEK, Inc., or the “Company” effective February 24, 2022, to serve as a Class I Director until the 2022 Annual Meeting.”
Ruby R. Chandy resigned as Director at AMETEK INC/.
“On January 31, 2022, Ruby R. Chandy notified AMETEK, Inc. (“AMETEK”) of her decision to resign from the AMETEK Board of Directors effective immediately.”
Emanuela Speranza was elected as Chief Commercial Officer at AMETEK INC/.
“The Company also announced that Emanuela Speranza was elected to the newly created role of Chief Commercial Officer of the Company effective January 1, 2022.”
David F. Hermance was elected as President, Electromechanical Group at AMETEK INC/.
“The Company also announced that David F. Hermance was elected President, Electromechanical Group of the Company effective January 1, 2022, assuming Mr. Jones’ position.”
Timothy N. Jones departed as President, Electromechanical Group at AMETEK INC/.
“On November 5, 2021, AMETEK, Inc. (the “Company”) announced that Timothy N. Jones, President, Electromechanical Group of the Company, intends to retire as President effective January 1, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.