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AMETEK ACHIEVES INCREASED THIRD QUARTER SALES AND EARNINGS

 AMETEK ACHIEVES INCREASED THIRD QUARTER SALES AND EARNINGS
 PAOLI, Pa., Oct. 21 /PRNewswire/ -- Ametek, Inc. (NYSE: AME), today reported earnings of $10.7 million, or 25 cents per share, on sales of $186 million, the highest sales total for any third quarter in the company's history.
 Earnings in the current three months ended Sept. 30, 1992, represent a 13 percent increase over net income of $9.5 million or 22 cents per share in the third quarter of 1991, when sales totalled $170.5 million.
 The improved third quarter results raised Ametek's nine month earnings total to $33.8 million or 77 cents per share in the current year, 23 percent ahead of the $27.6 million or 63 cents per share earned in the first nine months of 1991. Sales in the recent nine months reached $578.1 million, 9 percent ahead of 1991's first nine month sales of $531.7 million.
 "We are well ahead of last year and it's obvious that 1992 will be a very good year for Ametek, despite the lagging economy," according to Ametek's President and Chief Executive Officer Walter E. Blankley. "At the same time, the continuing difficult economic climate gives us concern about the strength of our business for the fourth quarter. At the end of the recent third quarter, new orders, while 10 percent ahead of last year's third quarter, were only about 3 percent better than this year's second quarter."
 "The pattern in the third quarter showed little change in the performance of Ametek's manufacturing operations," Blankley reported. "The Electro-mechanical group -- our electric motor businesses -- continues to lead the charge with their ninth quarter in a row of comparative record sales, up about 30 percent over last year's totals, with new orders also running about 30 percent ahead." The six North American and three European plants in this group build motors for manufacturers of vacuum cleaners and other appliances, copiers, computers and business machines, high-efficiency furnaces and medical equipment produced in 40 countries worldwide.
 "Sales for the Industrial Materials group were nearly 6 percent ahead of the previous year's third quarter totals, although they were essentially flat with the second quarter of this year. We still have not seen the generally projected upturn in consumer-related markets significant to the sales of this group," Blankley said.
 Ametek's Precision Instruments group saw sales continuing to lag -- down nearly 5 percent in the quarter -- mainly due to reduced demand for aircraft instruments from commercial airlines and the military. About half of the Precision Instruments group's $300 million annual sales is in instruments for aircraft builders and airlines worldwide. Blankley indicated that the decrease in this market has been partially offset by increased orders for instruments and complete electronic instrument panels from truck manufacturers.
 The balance of the Precision Instruments group -- divisions that produce instruments for equipment, process plants and refineries, production control and displays, emissions monitoring and gas analysis -- experienced continuing softness in new orders in the third quarter, resulting from postponed capital spending projects in those industries.
 Blankley said Ametek expects continued strong performance of the electric motor businesses for the remainder of the year based on new product growth and additional market share, but does not foresee any upturn in the last quarter for either the Industrial Materials or Precision Instruments groups. He also indicated that the company's three recent acquisitions would not have any significant effect on its fourth quarter results.
 In August, through its U.K. subsidiary Ametek Filters Ltd., the company purchased the industrial filtration operations of Eurofiltec, Ltd. This business, with its manufacturing and warehousing facilities in Billingham, England, will coordinate its operations with the company's Wisconsin-based Plymouth Products, a leading producer of replaceable-cartridge filtration systems.
 In mid-August the company acquired from Akzo Faser AG the unique technology, worldwide patents and a pilot production plant to extrude high-temperature-resistant silica fiber, which is being moved from Germany to Ametek's Haveg operations in Wilmington, Del., the world's leading producer of high-temperature-resistant silica fabric.
 Through its German subsidiary, in early October the company purchased Debro Messtechnik GmbH, an instrument manufacturer and marketer located near Dusseldorf, Germany. Ametek said it expects the addition of Debro to strengthen its instrument distribution in European markets.
 Including these recent acquisitions, Ametek employs more than 6,200 people at 32 manufacturing plants worldwide. The company's stock has been traded on the New York Stock Exchange since 1930.
 AMETEK, INC.
 Three months ended Sept. 30 1992 1991
 Sales $185,996,000 $170,489,000
 Net income 10,708,000 9,485,000
 Earnings per share $.25 $.22
 Dividends per share .17 .17
 Average shares outstanding 44,140,160 43,942,661
 Nine months ended Sept. 30 1992 1991
 Sales $578,078,000 $531,749,000
 Net income 33,777,000 27,568,000
 Earnings per share $.77 $.63
 Dividends per share .51 .49
 Average shares outstanding 44,067,947 43,865,287
 In the last four consecutive quarters, Ametek has reported earnings of $1.01 per share.
 /delval/
 -0- 10/21/92
 /CONTACT: Darrah Ribble of Ametek, 215-647-2121/
 (AME) CO: Ametek, Inc. ST: Pennsylvania IN: MAC SU: ERN


JS-xx -- PH044 -- 3059 10/21/92 15:54 EDT
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Date:Oct 21, 1992
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