Page 17 - 2019 AMETEK Annual Report FINAL
P. 17
Performance That Matters 15
The outstanding cash generation of our The cash generation of our businesses $1,062
businesses supports AMETEK’s proven and the flexibility of our capital deploy-
capital deployment strategy. With a ment strategy are key contributors to $1,000
disciplined approach, management’s the success of the AMETEK Growth
primary focus is deploying the compa- Model and the company’s performance. $800
ny’s free cash flow on value-enhancing Over the long term, this compounding
acquisitions. As we evolve, we are model has delivered outstanding returns $539 $600
building a portfolio of businesses on capital for our shareholders and is
serving global, secular growth trends key to our future success. $400
and integrating them into the AMETEK
Growth Model to help them accelerate
growth and improve profitability. $200
Secondarily, AMETEK seeks to return 10 11 12 13 14 15 16 17 18 19
capital to its shareholders through
opportunistic share repurchases and Capital Deployed
by paying a consistent dividend. In on Acquisitions
February 2020, AMETEK announced a (In millions)
29% increase to its quarterly dividend,
reflecting our confidence in the future.
