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AMETEK Achieves Record Second Quarter Results (Business Wire)

Jul 21, 2008
Story Timeline:  82 days

Monday July 21, 7:00 am ET --Raising Estimates for the Second Half of 2008-- PAOLI, Pa.--(BUSINESS WIRE)--AMETEK, Inc. (NYSE:AME - News ) today announced second quarter results that established second quarter records for sales, operating income, net income and diluted earnings per share. AMETEK’s second quarter 2008 sales of $648.8 million were up 25% over the same period of 2007. Operating income for the second quarter of 2008 was $114.1 million, an 18% increase from the $96.6 million recorded in the same period of 2007. Net income in the second quarter of 2008 increased 13% to $65.8 million, or $0.61 per diluted share, from the second quarter 2007 level of $58.0 million, or $0.54 per diluted share. This year’s second quarter earnings include an after-tax, non-cash, charge of $7.3 million or $0.07 per diluted share related... [read full story]                    

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