February 2023 | AMETEK Newsletter

Welcome to the February 2023 edition of the AMETEK Newsletter – a monthly roundup of stories and achievements from across our global company.

LATEST NEWS

AMETEK University Brings Global Colleagues Together

Consisting of future leaders of AMETEK, nearly 100 employees from across our global company recently gathered at AMETEK University for an three-day conference about our history, culture, and Growth Model – all in a collaborative learning environment. Participants will utilize what they learned during the event to strengthen their AMETEK businesses.

AMETEK Announces Record Q4 and Full Year Results

On Feb. 2, AMETEK announced its financial results for the fourth quarter and full year of 2022. Read the full results here.

“AMETEK completed a record year with an outstanding fourth quarter,” commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. “Our results in the quarter were ahead of expectations driven by continued broad-based sales growth and exceptional operating performance. AMETEK’s operating flexibility allowed us to deliver excellent margin expansion, strong cash flows and outstanding earnings growth in the quarter. Additionally, we ended the year with a record backlog of $3.2 billion, positioning us well as we look ahead to 2023.”

Drake Air Wins 2022 Lux Continuous Improvement Award

AMETEK MRO Drake Air recently won our Dr. John H. Lux Continuous Improvement Award. Drake Air is a certified repair station that specializes in the maintenance, repair, and overhaul of heat transfer components. The team won this award for embarking on an Operational Excellence transformation that helped support market expansion across its commercial aerospace MRO market. Congratulations to the Drake Air team!

BUSINESS OF THE MONTH

This year, we’re celebrating the many distinct and inspirational businesses that make up AMETEK through the Business of the Month (BOTM) campaign. Every month, we’ll shine a light on what makes each of them a leader in their field and how their innovations and culture help create a more sustainable world.

February BOTM: AMETEK Sensors & Fluid Management Systems

February’s BOTM was AMETEK Sensors & Fluid Management Systems (SFMS). SFMS products help the world’s major aeronautics and space programs take flight. They have been a leader in the design of advanced sensors and aircraft fuel measurement systems for more than 60 years – supplying products that make the mission-critical difference to commercial jets, business jets, and space modules. SFMS rides high from its rigorous commitment to quality, safety, and sustainability that sets it apart from the competition.

Visit ameteksfms.com to learn more.

OUR CASE STUDY

Helping Create the Battery of a Nation

One of AMETEK's newest businesses is making a powerful impact in Australia. The RTDS Simulator from RTDS Technologies Inc. is being used to determine how Tasmania's renewable energy capabilities can help the Australian national power grid. Learn how AMETEK technology is helping create the battery of a nation.

“The RTDS Simulator allows engineers to validate the performance of power system devices and de-risk deployment via hardware-in-the-loop (HIL) testing.”

AROUND AMETEK

Each month, we highlight stories from our businesses across the globe. Check out the latest below.

AMETEK India Represented at Aero India 2023

AMETEK India attended the Aero India tradeshow in Bengaluru this month. Aero India is one of the largest airshows in Asia, showcasing aerospace technology capabilities from around the world. AMETEK was well represented by AMETEK Airtechnology Group, Abaco Systems, AMETEK Programmable Power, Taylor Hobson Ltd., Creaform, Precitech, TMC Vibration Control, and Solartron Metrology.

Creaform Launches HandySCAN BLACK | Elite Limited

Creaform, through a decade of optimized manufacturing and calibration processes, debuted the HandySCAN BLACK | Elite Limited this month. Designed specifically to address the needs of the most demanding dimensional metrology professionals in the industrial and manufacturing sectors, it can tackle any quality control or product development applications where tolerances require increased accuracy while remaining portable and flexible. Read more here.

AMETEK FOUNDATION FEATURES

The AMETEK Foundation is the company’s charitable giving arm that empowers our colleagues to make a positive impact in their local communities and to collaboratively work together to make the world a better place. Check out the latest from the Foundation below.

Williamsburg Bray School: Researching the Oldest African American Schoolhouse

In 2021, the College of William & Mary and the Colonial Williamsburg Foundation discovered the Williamsburg Bray School—likely the oldest surviving schoolhouse for African American children in the United States, dating back to the 18th century—hiding in plain sight. AMETEK board member Steve Kohlhagen and his wife Gale generously supported efforts to research and identify the school’s alumni to share their lost stories. Read more here about how the AMETEK Foundation is supporting the Bray School.

Turkey and Syria Earthquakes: Supporting Disaster Relief

On Feb. 6, devastating earthquakes struck parts of Turkey and Syria. In response to this urgent humanitarian crisis, the AMETEK Foundation donated to the International Rescue Committee. The IRC is on the ground working tirelessly to provide critical support to those affected in both countries to aid in recovery. Learn more here.

UPCOMING EVENTS

International Women's Day, Wednesday, March 8 – International Women's Day is a global day celebrating the social, economic, cultural, and political achievements of women. Keep an eye out for celebratory posts from AMETEK corporate and various AMETEK businesses.

Thank you for reading this edition of the AMETEK Newsletter. To learn more about AMETEK and its businesses, please visit our website and follow us on LinkedIn.