AMETEK Announces Second Quarter 2015 Results
BERWYN, Pa., Aug. 4, 2015 /PRNewswire/ — AMETEK, Inc. (NYSE: AME) today announced its financial results for the three month period ended June 30, 2015.
AMETEK’s second quarter 2015 sales of $1.0 billion were up 1% over last year’s second quarter. Operating income increased 4% to a record $240.3 million and operating margins were up 50 basis points to 23.9%. Diluted earnings per share increased 5% to a record $0.64 per diluted share from the second quarter 2014.
“AMETEK had another strong quarter. We delivered record levels of operating income and earnings per share as a result of the continued strong execution of our Four Growth Strategies. Despite continued softness in the global economy, our businesses performed well, allowing us to meet the high end of our second quarter earnings expectations and to reaffirm our full year earnings guidance,” noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
“Cash flow was also very strong, with operating cash flow of $163 million for the quarter, a 5% increase over the same period of 2014. We continue to use our cash flow to support our acquisition strategy, having closed on two recent acquisitions,” continued Mr. Hermance.