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AMETEK INC. LOWERS 1993 EARNINGS EXPECTATIONS IN REMARKS TO INVESTMENT COMMUNITY

 PAOLI, Pa., June 14 /PRNewswire/ -- "Continuing softness in certain of our markets, due to the economy and structural changes in those markets, will cause AMETEK's earnings per share in the second quarter of 1993 to be about the same as this year's first quarter when the company reported earnings of 14 cents per share," Walter E. Blankley, chairman and CEO of AMETEK (NYSE: AME), today told the investment community.
 "Accordingly, while we expect an improved business environment during this year's second half," Blankley continued, "earnings for all of 1993 are anticipated to be about 25 percent to 35 percent below the $1.01 per share earned in 1992." Blankley noted that his expectations did not consider the effects of the Clinton Administration's Economic Plan or additional actions being evaluated for resizing AMETEK'S Aerospace operations.
 Blankley also said, "The Electro-mechanical Group is experiencing lower demand due to market conditions in the floorcare industry, the continuing effects of customers rescheduling their orders and the recession in Europe.
 "The Precision Instruments Group is being impacted by the consolidation of the aerospace industry and poor market conditions for process and analytical instruments especially in refining and petrochemical plants. The initial resizing of AMETEK's Aerospace operations has been completed; however, additional actions are being evaluated."
 Blankley emphasized that AMETEK is executing a plan to improve long- term earnings growth and that some of those actions are also reducing earnings in the short term.
 /delval/
 -0- 6/14/93
 /CONTACT: Contact William F. Cleary or Chelle L. Carlson of AMETEK, 215-647-2121/
 (AME)


CO: AMETEK, Inc. ST: Pennsylvania IN: MAC SU: ERP

JM-CC -- PH031 -- 1799 06/14/93 16:39 EDT
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Publication:PR Newswire
Date:Jun 14, 1993
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