AMETEK, Inc. (NYSE:AME) Q4 2023 Earnings Conference Call February 6, 2024 8:30 AM ET

Company Participants

Kevin Coleman - Vice President, Investor Relations and Treasurer

Dave Zapico - Chairman and Chief Executive Officer

Bill Burke - Executive Vice President and Chief Financial Officer

Dalip Puri - Senior Vice President, Operational Finance

Conference Call Participants

Matt Summerville - D.A. Davidson

Deane Dray - RBC Capital Markets

Allison Poliniak - Wells Fargo

Jeffrey Sprague - Vertical Research Partners

Nigel Coe - Wolfe Research

Scott Graham - Seaport Research Partners

Rob Wertheimer - Melius Research

Andrew Obin - Bank of America

Brett Linzey - Mizuho

Joe Giordano - TD Cowen

Steve Barger - KeyBanc Capital Markets

Rob Mason - Baird

Operator

Good day and thank you for standing by. Welcome to the Fourth Quarter 2023 AMETEK Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentations, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker, Kevin Coleman, Vice President of Investor Relations and Treasurer. You may begin.

Kevin Coleman

Thank you, Tanya. Good morning and thank you for joining us for AMETEK's fourth quarter 2023 Earnings Conference Call. With me today are Dave Zapico, Chairman and Chief Executive Officer; Bill Burke, Executive Vice President and Chief Financial Officer and Dalip Puri, Senior Vice President, Operational Finance.

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 2022 or 2023 results or to 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 website. We'll begin today's call with prepared remarks 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. Before I get into the financial results for the quarter, it is with mixed emotions that I share the news of changes in our financial leadership, which we announced on January 16. After an outstanding 36-year career at AMETEK, our Chief Financial Officer, Bill Burke, has decided to embark on a well-deserved retirement effective April 2, 2024. Bill's tremendous leadership of our finance organization and his strategic guidance has been instrumental in AMETEK's long-term growth and success. His legacy is deeply woven into the fabric of our organization, and we express our heartfelt gratitude for his exceptional contributions. In light of this transition, I'm delighted to announce the appointment of Dalip Puri as our new Executive Vice President and Chief Financial Officer. Dalip, currently serving as Senior Vice President, Operational Finance, brings a wealth of experience and expertise to this role. Dalip joined AMETEK in 2017 as Treasurer and subsequently took on the role of Group Controller, providing financial oversight for over half of AMETEK's businesses before transitioning into his current role of Operational Finance.