AMETEK (NYSE:AME) shareholders approved all three proposals presented at the company’s 2026 Annual Meeting of Shareholders, including the election of three Class 2 directors, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as the company’s independent registered public accounting firm for fiscal 2026.
The annual meeting was held virtually and declared open after presentations by the company’s directors and executives. Lynn Carino, undersecretary of AMETEK, reported that the majority of the company’s outstanding shares were represented by proxy or through the web portal, establishing a quorum for the meeting.
Shareholders approve board candidates and other proposals
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According to preliminary voting results presented by Carino, shareholders approved the election of Thomas A. Amato, Anthony J. Conti and Gretchen W. McClain as Class 2 directors for three-year terms.
Shareholders also approved, on an advisory basis, the compensation of the company’s named executive officers. Additionally, they ratified the appointment of Ernst & Young LLP as AMETEK’s independent registered public accounting firm for fiscal year 2026.
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The formal portion of the annual meeting was adjourned after the vote, with no additional business brought before shareholders.
AMETEK analyzes 2025 performance
Following the formal meeting, the company provided an update on operations and financial results. AMETEK described itself as an industrial technology solutions provider serving a variety of market niches and said its performance continues to be driven by the “AMETEK Growth Model,” which includes operational excellence, technological innovation, global and market expansion, and strategic acquisitions.
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The company said it delivered strong results in 2025, setting annual records for “essentially all financial metrics,” including sales, operating income, operating margin, EBITDA and earnings per share.
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Sales for the full year were $7.4 billion, up 7% from 2024.
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Operating income increased 7%.
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Core operating margins expanded by 80 basis points.
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The conversion of free cash flow to net income was 113%.
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Full-year earnings were $7.43 per diluted share, an increase of 9%.
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The company deployed approximately $1.8 billion in 2025 in acquisitions, share buybacks and dividends.
First quarter 2026 results set records
AMETEK also revised its performance in the first quarter of 2026, saying it posted records in orders, EBITDA, net income and GAAP earnings per share. The company said the quarter included double-digit sales growth, core margin expansion and high earnings quality.