Baird Downgrades Ametek Inc. (AME) to Neutral
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AMETEK Announces First Quarter 2016 Results
April 28, 2016 7:01 AM EDTBERWYN, Pa., April 28, 2016 /PRNewswire/ --Â AMETEK, Inc. (NYSE: AME) today announced its financial results for the three month period ended March 31, 2016.Â
AMETEK's first quarter 2016 sales of $944.4 million were down 4% over the same period of 2015. Operating income was down 12% to $208.5 million and diluted earnings per share of $0.57 were down 10% from the first quarter 2015 adjusted results. Operating margins were 22.1% in the quarter.     Â
"As expected, demand remained weak in the quarter," said Chairman and Chief Executive Officer Frank S. Hermance. "Ongoing softness in oil and gas, metals and global industrial markets continues to... More
