AMETEK, Inc. (AME) Q4 2022 Earnings Call Transcript

AMETEK, Inc. (NYSE:AME) Q4 2022 Earnings Conference Call February 2, 2023 8:30 AM ET

Company Participants

Kevin Coleman - Vice President of Investor Relations, and Treasurer

Dave Zapico - Chairman and Chief Executive Officer

Bill Burke - Executive Vice President and Chief Financial Officer

Conference Call Participants

Allison Poliniak - Wells Fargo

Deane Dray - RBC Capital Markets

Brett Linzey - Mizuho

Scott Graham - Loop Capital Markets

Will Jellison - D.A. Davidson

David Ridley-Lane - Bank of America Merrill Lynch

Joe Giordano - Cowen

Rob Mason - Robert W. Baird

Steve Barger - KeyBanc Capital Markets

Operator

Good day, and welcome to the AMETEK’s Fourth Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Kevin Coleman, Vice President of Investor Relations and Treasurer. Please go ahead, sir.

Kevin Coleman

Thank you, Rocco. Good morning and thank you for joining us for AMETEK’s fourth quarter 2022 earnings conference call. With me today are Dave Zapico, Chairman and Chief Executive Officer; and Bill Burke, Executive Vice President and Chief Financial Officer.

During the course of today’s call, we will be making forward-looking statements, which are subject to change based on various risk factors and uncertainties that may cause actual results to differ significantly from expectations. A detailed discussion of the risk and uncertainties that may affect our future results is contained in AMETEK's filings with the SEC. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements. Any references made on this call to 2021 or 2022 results or 2023 guidance will be on an adjusted basis, excluding after-tax, acquisition-related intangible amortization.

Reconciliations between GAAP and adjusted measures can be found in our press release and on the Investors section of our Web site. We'll begin today's call with prepared remarks by Dave and Bill, and then we'll open it up for questions.

I'll now turn the meeting over to Dave.

Dave Zapico

Thank you, Kevin, and good morning, everyone. I'm very pleased with AMETEK's results in the fourth quarter, and for all of 2022. AMETEK's continued excellent performance reflects the quality of our niche-differentiated businesses, the strength of the AMETEK growth model, and the expanding impact of our organic growth initiatives, and most importantly, the outstanding efforts of our global employees. Thank you to all AMETEK colleagues for your many contributions to our success. We have navigated many challenges over the last few years only to emerge stronger and even better positioned for sustained growth.