AMETEK, Inc. reported a record net sales of $1.778 billion for the second quarter of 2025, reflecting a 2.5% increase from $1.735 billion in the same period last year. For the first half of 2025, net sales reached $3.510 billion, up 1.1% from $3.471 billion in the first half of 2024. The company's operating income for the second quarter was $461.6 million, a 3.2% increase from $447.5 million in the prior year, while net income rose to $358.4 million, marking a 6.1% increase from $337.7 million. Diluted earnings per share for the quarter were $1.55, up from $1.45 a year earlier.
The increase in revenue was attributed to a 2% contribution from acquisitions and a favorable foreign currency translation effect of 1%. International sales accounted for 47.4% of total sales, amounting to $843 million, which is a 6.7% increase compared to the previous year. Orders for the second quarter also saw a significant rise, totaling $1.782 billion, a 6.3% increase from $1.677 billion in the same quarter of 2024. The backlog of unfilled orders at the end of June 2025 was $3.473 billion, up 2.1% from the end of 2024.
AMETEK's operational performance was bolstered by the acquisitions of Virtek Vision International and Kern Microtechnik, which contributed positively to the results. The company also reported a decrease in selling, general, and administrative expenses, which fell to $174.3 million, or 9.8% of net sales, down from 10.2% in the previous year. The effective tax rate remained stable at 19.0% for both the second quarter of 2025 and 2024.
In terms of financial position, AMETEK's total assets increased to $15.267 billion as of June 30, 2025, compared to $14.631 billion at the end of 2024. The company reported cash and cash equivalents of $619.7 million, up from $374.0 million at the end of the previous year. The debt-to-capital ratio improved to 15.7% from 17.7% at the end of 2024, indicating a stronger balance sheet. Looking ahead, AMETEK plans to continue leveraging its operational excellence initiatives and is poised for further growth, particularly following its recent acquisition of FARO Technologies for approximately $920 million, which is expected to enhance its capabilities in 3D measurement and imaging solutions.
About AMETEK INC/
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