Page 15 - AMETEK 2018 Annual Report FINAL
P. 15
Disciplined Capital Deployment
Given the strong free cash flow
from its businesses, along with a
strong balance sheet, AMETEK has
significant flexibility when it comes
to capital deployment.
This flexibility affords management
the ability to execute the The hierarchy of AMETEK’s capital deployment remains
company’s capital deployment unchanged:
activities and drive significant 1. Strategic Acquisitions: Investing in differentiated
businesses with niche market leadership remains
returns for its shareholders. AMETEK’s primary focus for capital allocation. The
company seeks to deploy its free cash flow on
acquisitions to compound future growth.
AMETEK’s disciplined capital deployment approach
has driven excellent results. This fundamental 2. Opportunistic Share Repurchases: AMETEK
element is key to the AMETEK Growth Model returns capital to its shareholders through
and the company’s long-term success. opportunistic share repurchases.
3. Dividends: While AMETEK remains growth-oriented,
the company returns a portion of its free cash to
shareholders by paying a modest dividend.
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