Page 5 - 2019 AMETEK Annual Report FINAL

Letter to Shareholders 3

Letter to Shareholders

Global and Market Expansion customers to research, design and
AMETEK is a global enterprise with develop next-generation technology.
operations and customers across We remain committed to investing in
every region of the world. In 2019, innovation, with more than $260 million,
approximately half of AMETEK’s total or 5% of total sales, deployed on
sales were generated outside the United research, development and engineering
States. To best serve our customers, we initiatives in 2019. These efforts are
remain focused on investing in global yielding positive results as we saw our
markets to support our businesses.
Vitality Index (or the sales generated
We continue to increase our presence from products introduced over the last
in attractive, high-growth market seg- three years) increase to 24% of sales
ments and geographic regions. In 2019, for the year.
we unveiled new technology centers in These investments have produced
France and Singapore. Together, these a continuous stream of innovative
two state-of-the-art facilities support products, including advanced 3D
more than 30 AMETEK businesses scanners for quality control and
and serve our customers as product assurance; revolutionary plasma
showcases, service hubs and appli- viewing technology for laboratory
cation labs for our leading technology analysis; high-speed digital imaging
solutions. technology; highly specialized test
Beyond our footprint expansion, we and measurement devices; and X-ray
continue to incorporate commercial microanalysis instrumentation. This
excellence tools, such as digital innovation in niche applications is
marketing initiatives, growth kaizens, powering our future.
voice-of-customer and aftermarket
services. These initiatives are having a
positive impact on our growth. 109%
100%
During the year, we held an AMETEK
Digital Marketing Summit, bringing
together marketing leaders from 80%
across the company to learn, network
and share ways their businesses are 48% 53% 60%
accelerating organic growth. The out-
come of this event was a collaborative 31% 36% 40%
step forward in finding new ways to 29%
best serve our existing customers, 20%
reach new audiences and adapt to
changing market dynamics.
1-Year 3-Year
New Product Development AMETEK, Inc.
S&P 500
At AMETEK, we are solving some of our S&P Industrials
customers’ greatest challenges with a
broad set of advanced technology Total Shareholder
solutions. Our businesses are driving Return
innovation by collaborating with their (As of 12/31/2019)