AMETEK INC. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>AMETEK INC. filed its Q1 2024 10-Q report, detailing financial performance and operational status.</b>

AI Summary

AMETEK INC/ (AME) filed a Quarterly Report (10-Q) with the SEC on May 2, 2024. AMETEK INC. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of 2024. The company's fiscal year ends on December 31st. AMETEK INC. is incorporated in Delaware. The company's principal business is Industrial Instruments for Measurement, Display, and Control.

Why It Matters

For investors and stakeholders tracking AMETEK INC/, this filing contains several important signals. This filing provides investors with the latest financial data for AMETEK INC., crucial for assessing recent performance and future outlook. Understanding the details within this 10-Q is essential for stakeholders to make informed investment decisions regarding AMETEK INC.

Risk Assessment

Risk Level: low — AMETEK INC/ shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant negative developments.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to understand AMETEK INC.'s Q1 2024 performance drivers and any forward-looking statements.

Key Numbers

• 2024-03-31 — Period of Report (The 10-Q filing is for this date.)
• 2024-05-02 — Filing Date (The date the 10-Q was filed with the SEC.)
• 2024-01-01 — Quarter Start Date (Beginning of the reporting period.)
• 2023-01-01 — Prior Year Quarter Start Date (Beginning of the comparable prior year period.)

Key Players & Entities

• AMETEK INC (company) — Filer of the 10-Q report
• 2024-03-31 (date) — Period of report
• 2024-05-02 (date) — Filing date
• DE (jurisdiction) — State of incorporation
• 3823 (sic_code) — Standard Industrial Classification

FAQ

Industry Context

AMETEK INC. operates within the Industrial Instruments for Measurement, Display, and Control sector, a segment focused on specialized equipment for various industrial applications.

Regulatory Implications

The filing is a standard 10-Q, adhering to SEC regulations for quarterly financial reporting under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the balance sheet and income statement for Q1 2024.
2. Review any management discussion and analysis (MD&A) for insights into performance drivers.
3. Compare Q1 2024 results to prior periods presented in the filing.

Key Dates

• 2024-03-31: Period End Date — Marks the end of the reporting quarter for the 10-Q.
• 2024-05-02: Filing Date — The date AMETEK INC. submitted its 10-Q to the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal year 2024, providing the first set of quarterly financial data for the year.

From the Filing

0001037868-24-000030.txt : 20240502 0001037868-24-000030.hdr.sgml : 20240502 20240502140135 ACCESSION NUMBER: 0001037868-24-000030 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 78 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240502 DATE AS OF CHANGE: 20240502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMETEK INC/ CENTRAL INDEX KEY: 0001037868 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 141682544 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-12981 FILM NUMBER: 24907126 BUSINESS ADDRESS: STREET 1: 1100 CASSATT ROAD CITY: BERWYN STATE: PA ZIP: 19312 BUSINESS PHONE: 610-647-2121 MAIL ADDRESS: STREET 1: 1100 CASSATT ROAD CITY: BERWYN STATE: PA ZIP: 19312 FORMER COMPANY: FORMER CONFORMED NAME: AMETEK AEROSPACE PRODUCTS INC DATE OF NAME CHANGE: 19970415 10-Q 1 ame-20240331.htm 10-Q ame-20240331 false 2024 Q1 0001037868 12-31 P2Y P2Y http://fasb.org/us-gaap/2023#AccruedLiabilitiesAndOtherLiabilities http://fasb.org/us-gaap/2023#AccruedLiabilitiesAndOtherLiabilities http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent 0001037868 2024-01-01 2024-03-31 0001037868 2024-04-30 xbrli:shares iso4217:USD 0001037868 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0001037868 2024-03-31 0001037868 2023-12-31 0001037868 2023-03-31 0001037868 us-gaap:CommonStockMember 2023-12-31 0001037868 us-gaap:CommonStockMember 2022-12-31 0001037868 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001037868 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001037868 us-gaap:CommonStockMember 2024-03-31 0001037868 us-gaap:CommonStockMember 2023-03-31 0001037868 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001037868 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001037868 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001037868 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001037868 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001037868 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001037868 us-gaap:RetainedEarningsMember 2023-12-31 0001037868 us-gaap:RetainedEarningsMember 2022-12-31 0001037868 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001037868 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001037868 us-gaap:RetainedEarningsMember 2024-03-31 0001037868 us-gaap:RetainedEarningsMember 2023-03-31 0001037868 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0001037868 us-gaap:AccumulatedTranslationAdjustmentMember 2022-12-31 0001037868 us-gaap:AccumulatedTranslationAdjustmentMember 2024-01-01 2024-03-31 0001037868 us-gaap:AccumulatedTranslationAdjustmentMember 2023-01-01 2023-03-31 0001037868 us-gaap:AccumulatedTranslationAdjustmentMember 2024-03-31 0001037868 us-gaap:AccumulatedTranslationAdjustmentMember 2023-03-31 0001037868 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-12-31 0001037868 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-12-31 0001037868 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-01-01 2024-03-31 0001037868 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-01-01 2023-03-31 0001037868 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-03-31 0001037868 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-03-31 0001037868 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001037868 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001037868 us-gaap:TreasuryStockCommonMember 2023-12-31 0001037868 us-gaap:TreasuryStockCommonMember 2022-12-31 0001037868 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001037868 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0001037868 us-gaap:TreasuryStockCommonMember 2024-03-31 0001037868 us-gaap:TreasuryStockCommonMember 2023-03-31 0001037868 2022-12-31 000103786