Page 6 - 2017 AMETEK Annual Report (Interactive) Updated mobile

William J. Burke Tony J. Ciampitti John Wesley Hardin
Executive Vice President and President, Electronic Instruments President, Electronic Instruments
Chief Financial Officer

Arizona Instrument, a leader in more than 100 aerospace and defense We experienced robust international
high-quality precision instruments programs and is an excellent addition growth in 2017, with strength across
used in advanced moisture and to our Thermal Management Systems both Europe and Asia. Our Electronic
toxic gas analysis for such industries business. It brings us strong positions Instruments businesses in particular
as food, pharmaceutical, chemical, across a wide range of attractive saw excellent growth internationally,
and environmental. Its products are aerospace and defense platforms. reflecting their global customer base
considered the gold standard in terms and continued investment in sales
of precision and reliability. Global & Market Expansion and service infrastructure in key
Already in 2018, we have acquired: AMETEK is well established outside international markets.
the United States, with international We also added to our global
FMH Aerospace, a leader in highly sales accounting for more than half manufacturing footprint, expanding
engineered and differentiated of our total sales. We are committed our presence in Subotica, Serbia,
components used in the aerospace, to further expanding our global where we envision a multiproduct,
defense and space markets. Its presence with additional investment multibusiness manufacturing and
products facilitate the transfer of fluids in our sales and service infrastructure, technology campus. That campus,
and gases at extreme temperatures based on our international growth our third worldwide, will be similar to
and pressures in highly demanding potential and the increasingly global the operations we have in Reynosa,
applications. FMH currently supports customer base for our products. Mexico, and Shanghai, China.

Total Return to Shareholders New Products
$400
New products are integral to our
long-term success. Our businesses do
a great job developing new products
and finding innovative ways to expand
$300
our technology into adjacent markets
and applications. Our businesses
work closely with their customers to
$200 help them solve their most complex
challenges with differentiated
technology solutions.
$100 As a result, we are committed to
maintaining a sizeable investment
in research, development and
engineering. In 2017, we invested
$0 $221 million in those activities. That
12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 is a 10% increase over 2016, and
more than 5% of our total sales. In
2018, we expect to invest upwards of
$235 million in research, development
The chart depicts the performance of $100 invested in AMETEK, Inc., versus the S&P 500 and engineering.
and Russell 1000 Indexes on December 31, 2007, including reinvestment of dividends.
AMETEK’s total return to shareholders 10-year CAGR is 14%.
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