Ametek's 2024 Sales Reach $6.94 Billion, Driven by Acquisitions and Strong Cash Generation

Ametek, Inc. is a finance expert with experience at Bloomberg, organized operations through two groups: Electronic Instruments Group (EIG) and Electromechanical Group (EMG). EIG generated $4.7 billion in 2024 sales, while EMG generated $2.3 billion. The company has completed 34 acquisitions since 2016, deploying over $9 billion to strengthen its portfolio in high-value niches. In 2024, Ametek delivered record performance, with net sales rising 5.2% to $6.94 billion, driven mainly by acquisitions.

AMETEK, Inc. (AMT), a leading manufacturer and marketer of electronic instruments and electromechanical devices, reported record performance in 2024. The company's net sales rose by 5.2% to $6.94 billion, driven primarily by a series of strategic acquisitions. The Electronic Instruments Group (EIG) generated $4.7 billion in sales, while the Electromechanical Group (EMG) reported $2.3 billion in revenue. The company's strong financial performance was bolstered by international sales, which accounted for 47% of total revenues.

AMETEK's EIG focuses on process analyzers, precision metrology, radiation detection, and advanced aerospace sensors. In 2024, the group's sales grew modestly by 0.8% to $4.66 billion. Meanwhile, EMG, which specializes in engineered medical devices, automation systems, specialty metals, and aerospace thermal management, saw a significant 15.6% increase in sales to $2.28 billion.

The company's robust financial results were supported by a strong cash flow of $1.83 billion, allowing Ametek to continue investing heavily in research and development. In 2024, Ametek spent $372 million on R&D, with 27% of sales coming from products launched within the past three years. The company's commitment to innovation and expansion in high-value niches has been evident through its 34 acquisitions since 2016, deploying over $9 billion to strengthen its portfolio.

AMETEK's recent acquisitions include Paragon Medical for $1.9 billion to expand in MedTech and FARO Technologies for $920 million to boost 3D metrology. These deals have contributed nearly $1 billion in sales and deepened Ametek's edge in specialized, technology-driven markets. The company's strategic focus on acquisitions and innovation has positioned it well to capitalize on long-term drivers such as automation, electrification, healthcare innovation, and renewable energy.

In the second quarter of 2025, Ametek delivered another set of record results, with consolidated sales reaching $1.78 billion, up 2.5% year over year. The Electronic Instruments Group (EIG) generated $1.16 billion in revenue, edging up 1% from the prior year. The company's continued investment in R&D and strategic acquisitions will likely contribute to its ongoing success and growth in the industrial technology sector.