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AMETEK ACHIEVES RECORD 1992 SALES AND EARNINGS, NET INCOME INCREASES 17 PERCENT TO $44 MILLION

 PAOLI, Pa., Feb. 4 /PRNewswire/ -- Ametek, Inc. (NYSE: AME) today announced it achieved record net income on record sales for the year ended Dec. 31, 1992.
 For 1992, Ametek's net income increased 17 percent over the previous year to a record of $44.4 million, or $1.01 per share, on an 8 percent increase in sales to $769.6 million. This compares to sales of $715.1 million, net income of $38 million and earnings per share of 87 cents for the full year of 1991.
 Net income in the quarter ended Dec. 31, 1992, totalled $10.6 million on record fourth quarter sales of $191.5 million. In the last quarter of 1991 net income was $10.4 million on sales of $183.4 million. Fourth quarter earnings of 24 cents per share equalled earnings reported in the final quarter of 1991 by the industrial manufacturer. Fourth quarter pretax income increased 30 percent to $16.1 million, compared to $12.3 million in the same quarter of 1991.
 Ametek's fourth quarter pretax income was boosted by a 6 percent increase in operating income and by lower interest expense and other nonoperating expenses. The increase in pretax income was reduced by an increase in the provision for income taxes due to a fourth quarter change in Italian tax law affecting all of 1992. The effective tax rate increased to 35 percent of fourth quarter pretax income, compared to a 16 percent effective tax rate in the fourth quarter of last year which benefitted from combining certain European operations.
 Walter E. Blankley, president and chief executive officer, said, "We are succeeding in our commitment to grow Ametek and build shareholder value. In 1992 we achieved both. Our record sales and earnings performance for the past year is even more significant considering the impact of the soft economy on our worldwide markets."
 Blankley continued, "The Electro-mechanical group continues to perform well. Demand for electric motors led to a 24 percent increase in 1992 group sales to $310 million. We expect continuing strong demand from our traditional markets; in a new initiative this year the group formed the Technical Motor Division which is focusing on expanded motor and motor-blower opportunities for copiers, computers, medical equipment, high-efficiency gas furnaces and many other applications. We are confident that the Electro-mechanical group will continue to set the pace as the leader in its markets for specialty electric motors.
 "The Precision Instruments group reported a 4 percent decrease in 1992 sales to $297 million. This group has been impacted by the deepening recession in the commercial and military aerospace industries, creating a lower demand for spare and replacement instruments and stretch-outs of orders for new aircraft. Precision Instruments' sales to the petroleum and chemical processing industry are also soft. We believe this may be related to delays in this market's capital spending plans due to proposed tax legislation. However, weakness in the aerospace and process industries has been somewhat offset by continued strength in shipments to truck manufacturers of instruments and electronic instrument panels."
 Blankley continued, "During 1992 the Industrial Materials group reported stronger demand for its water filtration products and metal powders which were key factors in the 5 percent increase in sales to $163 million. As the economy and consumer-related markets improve, sales in the other operations of this group should be enhanced."
 Blankley concluded, "Looking forward to 1993 performance, we expect another year of growth in sales and earnings. However, we are scaling back our expectations for the first half of the year due to continued softness in the world markets we serve, especially in the aerospace industry where demand could decline even further. Near-term results of the Electro-mechanical group will also be impacted by the start-up of the new Rock Creek, N.C., plant which will ramp-up capacity to meet rapid growth in market demand. This increased capacity will be available this summer and should enhance our customer responsiveness when completed."
 This Fortune 500 industrial manufacturer, with 32 manufacturing plants and more than 6,200 employees worldwide, has increased dividend payments to its stockholders for 43 consecutive years.
 AMETEK, INC.
 Three months ended Dec. 31 1992 1991
 Sales $191,472,000 $183,350,000
 Net income 10,580,000 10,418,000
 Earnings per share $.24 $.24
 Dividends per share $.17 $.17
 Average shares outstanding 44,176,386 43,954,661
 12 months ended Dec. 31 1992 1991
 Sales $769,550,000 $715,099,000
 Net income 44,357,000 37,986,000
 Earnings per share $1.01 $.87
 Dividends per share $.68 $.66
 Average shares outstanding 44,095,057 43,887,631
 /delval/
 -0- 2/4/93
 /CONTACT: William F. Cleary of Ametek, 215-647-2121/
 (AME)


CO: Ametek, Inc. ST: Pennsylvania IN: MAC SU: ERN

LJ -- PH020 -- 3036 02/04/93 13:40 EST
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