There can be no assurance that these estimates will ultimately be realized given continuous changes in tax policy, legislation and audit practice.

We experienced additional pressure in our supply chain due to component shortages and strained transportation capacity, as well as the impact of continued elevated customer demand.

As a result of these events and conditions, we anticipate the challenging global economic environment to continue into 2023.

EIG's operating margins in 2022 were negatively impacted by the dilutive impact of the 2021 acquisitions.

Segment operating margins for 2022 were negatively impacted by the dilutive impact of the 2021 acquisitions.

Lockdowns in China during 2022 limited our ability to access customer sites, operate certain facilities, and placed additional constraints on our supply chain.

The invasion of Ukraine by Russia and the sanctions imposed in response to this conflict have increased global economic and political uncertainty.

The Company completed its required annual indefinite-lived intangibles impairment tests in the fourth quarter of 2022 and determined that the carrying values of certain of the Company’s indefinite-lived intangibles were impaired as a result of higher discount rates driven by higher interest rates.

In 2022, the Company posted record sales, operating income, operating margins, net income, diluted earnings per share, backlog, and orders.

The Company also benefited from its strategic initiatives under AMETEK's four key strategies: Operational Excellence, Strategic Acquisitions, Global & Market Expansion and New Products.

Excluding the dilutive impact of recent acquisitions, segment operating margins for the core businesses increased 120 basis points compared to 2021, due to the Company's Operational Excellence initiatives.

Excluding the dilutive impact of the 2021 acquisitions, EIG operating margins increased 100 basis points compared to 2021, due to the increase in net sales discussed above, as well as continued benefits from the Company's Operational Excellence initiatives.

Excluding the gain on the sale of a facility, EMG operating margins increased 130 basis points compared to 26Table of Contents2021, due to the increase in net sales discussed above, as well as continued benefits from the Company's Operational Excellence initiatives.

The increase in international sales was primarily driven by strong demand in all regions as well as contributions from recent acquisitions.

Segment operating income was positively impacted in 2022 by the increased sales discussed above.

Highlights in 2022 were:•Net sales for 2022 were a record $6,150.5 million, an increase of $604.0 million or 10.9%, compared with net sales of $5,546.5 million in 2021.

EMG’s operating margins were a record 26.2% of net sales for 2022, compared with 24.5% of net sales in 2021.

EMG’s operating income was a record $503.6 million for 2022, an increase of $66.2 million or 15.1%, compared with $437.4 million in 2021.

Diluted earnings per share for 2022 were a record $5.01, an increase of $0.76 or 17.8%, compared with $4.25 per diluted share in 2021.

The net sales increase was due to an 11% organic sales increase, a 4% increase from acquisitions, partially offset by an unfavorable 3% effect of foreign currency translation.

Net income for 2022 was a record $1,159.5 million, an increase of $169.4 million or 17.1%, compared with $990.1 million in 2021.

EIG’s operating income was a record $1,089.7 million for 2022, an increase of $131.5 million or 13.7%, compared with $958.2 million in 2021.

EMG’s net sales totaled a record $1,921.2 million for 2022, an increase of $138.4 million or 7.8%, compared with $1,782.8 million in 2021.

The increase in net sales for 2022 was due to an 11% organic sales increase, a 2% increase from acquisitions, partially offset by an unfavorable 2% effect of foreign currency translation.

The net sales increase was due to an 11% organic sales increase, partially offset by an unfavorable 3% effect of foreign currency translations.

Segment Results EIG’s net sales totaled a record $4,229.4 million for 2022, an increase of $465.6 million or 12.4%, compared with $3,763.8 million in 2021.

Orders for 2022 were a record $6,639.1 million, an increase of $164.7 million or 2.5% compared with $6,474.4 million in 2021.

Consolidated operating income was $1,500.7 million or a record 24.4% of net sales for 2022, an increase of $192.0 million or 14.7%, compared with $1,308.7 million or 23.6% of net sales in 2021.

The increase in orders was due to a 9% organic order increase, partially offset by a 3% unfavorable effect of foreign currency translation, as well as a 3% decrease from the year-over-year impact of acquisitions.

However, the Company’s strategic geographic and industry diversification, and its mix of products and services, have helped to mitigate the potential adverse impact of any unfavorable developments in any one industry or the economy of any single country on its consolidated operating results.

The Company’s differentiated and global business activities help to reduce the impact that any particular market risk may have on its operating income as a whole.

The Company believes it has sufficient cash-generating capabilities from domestic and unrestricted foreign sources, available credit facilities and access to long-term capital funds to enable it to meet its operating needs and contractual obligations for the foreseeable future.

EIG net sales were $4,229.4 million in 2022, an increase of 12.4%, compared with $3,763.8 million in 2021.

EMG net sales were $1,921.2 million in 2022, an increase of 7.8%, compared with $1,782.8 million in 2021.

Segment operating income, as a percentage of net sales, increased to 25.9% in 2022, compared with 25.2% in 2021.

The Company’s backlog of unfilled orders at December 31, 2022 was a record $3,218.6 million, an increase of $488.5 million or 17.9%, compared with $2,730.1 million at December 31, 2021.

Export shipments from the United States, which are included in total international sales, were $1,688.7 million in 2022, an increase of $213.1 million or 14.4%, compared with $1,475.6 million in 2021.

We have taken steps to mitigate the impacts of material and transportation cost inflation by implementing pricing actions.

On February 9, 2022, the Company’s Board of Directors approved a 10% increase in the quarterly cash dividend on the Company’s common stock to $0.22 per common share from $0.20 per common share.

25Table of ContentsSegment operating income for 2022 was $1,593.3 million, an increase of $197.7 million or 14.2%, compared with segment operating income of $1,395.6 million in 2021.

Subsequent EventEffective February 9, 2023, the Company’s Board of Directors approved a 14% increase in the quarterly cash dividend on the Company’s common stock to $0.25 per common share from $0.22 per common share.

AMETEK, Inc. is an American global manufacturer of electronic instruments and electromechanical devices with a headquarters in the United States and over 220 manufacturing sites worldwide. The company was founded in 1930. The company's original name, American Machine and Metals, was changed to AMETEK in the early 1960s, reflecting AME's evolution from a provider of heavy machinery to a manufacturer of analytical instruments, precision components and specialty materials.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. It operates through two segments, Electronic Instruments (EIG) and Electromechanical (EMG). The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets. This segment also provides power quality monitoring and metering, uninterruptible power supplies, programmable power equipment, electromagnetic compatibility test equipment, sensors for gas turbines, dashboard instruments for heavy trucks and other vehicles, and instrumentation and controls for the food and beverage industries; and aircraft and engine sensors, monitoring systems, power supplies, fuel and fluid measurement systems, and data acquisition units for the aerospace industry. Its EMG segment offers engineered electrical connectors and electronics packaging for protecting sensitive electronic devices; precision motion control products for data storage, medical devices, business equipment, automation and other applications; high-purity powdered metals, strip and foil, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers. This segment also operates a network of aviation maintenance, repair, and overhaul facilities. In addition, the company offers clinical and education communication solutions for hospitals, health systems, and educational facilities. AMETEK, Inc. was incorporated in 1930 and is headquartered in Berwyn, Pennsylvania.

Vishay (VSH) introduces four series of surface-mount TVS, which are likely to aid its momentum among automotive, computer, consumer and industrial applications.

Vishay (VSH) Unveils Voltage Suppressors, Expands Portfolio

Alphabet (GOOGL) is working to introduce a dedicated page for all its location-sharing services in a bid to boost its Android offerings.

Alphabet (GOOGL) to Aid Android Users With Location Sharing Hub

Jack Henry (JKHY) partners with United Bank to enable the latter to utilize its robust technology solutions, boosting its clientele.

Jack Henry (JKHY) Boosts Client Base With United Bank Deal

AMETEK, Inc. (NYSE: AME) will issue its first quarter 2024 earnings release before the market opens on Thursday, May 2, 2024.

AMETEK Announces First Quarter 2024 Earnings Call and Webcasted Investor Conference Call Information

Agilent (A) plans to showcase its new products for analytical laboratories at Analytica 2024, boosting its overall product portfolio.

Agilent (A) is Set for Analytica 2024 With Advanced Products

Ametek (AME) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Ametek (AME) Beat Estimates Again in Its Next Earnings Report?

Alphabet's (GOOGL) Google unveils "Automatically add linked passes" feature to Google Wallet, boosting the Google Services segment.

Alphabet (GOOGL) Boosts Google Wallet App With New Feature

Agilent (A) plans to introduce new solutions for cancer research and diagnosis, boosting its DCG segment.

Agilent (A) to Bolster DCG Segment With Upcoming Solutions

Jack Henry (JKHY) partners with First State Bank to offer its core processing solutions, boosting its customer base.

Jack Henry (JKHY) Adds First State Bank to Its Customer Base

Alphabet's (GOOGL) Google agrees to delete billions of browsing data to settle a class-action lawsuit filed in 2020.

Alphabet (GOOGL) Settles Incognito Lawsuit by Deleting Data

BEIJING -- China&#39;s industry ministry said on Tuesday it has urged Tesla Inc. to keep its China-made vehicles consistent after some customers complained the electric vehicle maker put less advanced computer chips in their cars. Tesla started delivering China-made Model 3 electric sedans from its $2 billion Shanghai factory in December ...

Tesla urged by China to keep products consistent amid computer chip complaints

/PRNewswire/ -- TI Fluid Systems, a leading global supplier of automotive fluid systems technology, announced today that it will provide thermal

TI Fluid Systems To Supply Thermal Products On New Ford Mustang Mach-E Full Battery Electric SUV

is sharing safety tips with Ontarians to protect themselves and their families from unlicensed and illegally operating Electrical Contractors and uncertified electrical products. Unlicensed contractors who falsely claim they are qualified and authorized to perform this technical and complex work put homeowners and their families at risk of ...

Unlicensed Electrical Contractors and Unsafe Electrical Products Put Ontarians at Risk

Further, the new stackable charger is ideal for electric vehicles in the urban mobility, utility, articulated booms, compact construction and material handling industries. The software compliments Delta-Q chargers enabling OEMs with the flexibility to choose how they want to charge their products based on their specific needs. VEHICLE CHARGING ...

Delta-Q Technologies Showcases Expansive Electric Charging Portfolio at CONEXPO-CON/AGG 2020

Mary Barra addresses the crowd at a March 4 event detailing GM&#39;s electric vehicle technologies and upcoming products, in the Design Dome on the GM Tech Center campus in Warren, Michigan | Image credit: **Steve Fecht/GM The heart of GM’s strategy is a modular propulsion system and a highly flexible, third-generation global EV platform powered ...

GM Paving the Road to an &#39;All-Electric Future&#39;

The London-based startup Swytch Technology, known for its unique electric bicycle conversion kit ... this is in response to the recent growth in popularity of crowdfunding as a way for consumers to pre-purchase products with a significant discount: We started by crowdfunding the Swytch e-bike kit when it was still in development.

Swytch electric bike conversion kit transitions to full ‘crowd-shopping’ sales

DUBLIN, March 4, 2020 /PRNewswire/ -- The &quot;Automotive Electrical Products - Market Analysis, Trends, and Forecasts&quot; report has been added to ResearchAndMarkets.com&#39;s offering. The worldwide market for Automotive Electrical Products is projected to grow by US$30.9 Billion, driven by a compounded growth of 5.3%. Lighting Equipment, one of the ...

2020 Global Automotive Electrical Products Market - Market Set to Grow by US$30.9 Billion

Littelfuse, Inc. (NASDAQ: LFUS), a global manufacturer of leading technologies in circuit protection, power control, and sensing, today announced the expansion of its DCN Series of high voltage direct current (DC) contactors.

Littelfuse Expands High Voltage Products for Electric Vehicle (EV) and Related Applications

The NTEA Work Truck Show in Indianapolis is the place where those who work in construction and other vocational trades gather. As the name implies, it is a showcase for all things &quot;work truck.&quot; But the show also brings together a large following of last-mile and delivery services executives,

FCCC Debuts Electric Chassis At Work Truck Show; Utilimaster Shows New Class 3 Van

Moving forward, the company is focusing on its next generation of electrified products. &quot;We will be introducing new, highly appealing all-electric vehicles for the U.S. market in the years ahead,&quot; Honda told us. Honda continues to offer two other Clarity models: a fuel cell variant and a plug-in hybrid. Given the nation&#39;s limited hydrogen ...