Upcoming AWS Coverage on Roper Technologies Post-Earnings Results
LONDON, UK / ACCESSWIRE / February 8, 2017 / Active Wall St. blog coverage looks at the headline from AMETEK, Inc. (NYSE: AME) as the Company announced on February 07, 2017, that it has completed the acquisition of Rauland-Borg Corporation, a leading provider of mission-critical communication solutions for hospitals, healthcare institutions, and educational establishments. The annual revenues for the acquired Company stood at approximately $160 million. Register with us now for your free membership and blog access at:
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One of AMETEK's competitors within the Diversified Machinery space, Roper Technologies, Inc. (NYSE: ROP), announced on January 13, 2017, that its financial results for Q4 2016, ended December 31, 2016, will be released before the market opens on Thursday, February 09, 2017. A conference call to discuss these results has been scheduled for 8:30 AM ET on the same day. AWS will be initiating a research report on Roper Technologies in the coming days.
Today, AWS is promoting its blog coverage on AME; touching on ROP. Get all of our free blog coverage and more by clicking on the links below:
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http://www.activewallst.com/registration-3/?symbol=ROP
The Agreement
Rauland-Borg, headquartered at Mount Prospect, Illinois, joins Ametek as part of its Electronic Instruments Group (EIG). EIG is the leader in advanced analytical, monitoring, calibrating, testing, and display instruments with annual sales amounting to $2.4 billion. Ametek acquired Rauland-Borg for $340 million, with $30 million in a potential contingent payment subject to achievement of certain milestones. Ametek views this acquisition as penetration into a new growth segment, the medical technology market. The agreement comes with potential growth opportunities through international expansions according to David A. Zapico, CEO of AMETEK.
Rauland Responder
Rauland Responder critical solutions enhance the communication and workflow within a hospital-patient-to-staff and staff-to-staff. Responder enables the staff to deliver the best possible patient care, with flexible integration, intelligent call routing, and real-time reporting. It helps data collection in real-time to enhance the decision-making process. Recently, on January 24, 2017, Rauland-Borg brought the integration of Rauland Responder All Touch with Connexall's clinical communication software platform. Using the integration, both Responder and Connexall exchange inter-related events to develop best practices for room-based workflows.
AMETEK's Growth Strategy
AMETEK probably believes in a growth formula derived from acquisitions. It acquired Surface Inspection Systems Division (SISD) from Cognex Corporation (NASDAQ: CGNX) for approximately $160 million. Complementary to AMETEK's EIG portfolio, SISD's proprietary real-time image processing technology expanded the Company's capabilities in the non-destructive process inspection market.
On November 01, 2016, AMETEK announced the execution of acquisition of Laserage Technology Corporation, a provider of Laser Fabrication Services for the medical devices market. The privately held company, Laserage, reported estimated annual sales of $22 million. The acquisition was viewed as an expansion of fabrication and manufacturing capabilities under its engineered medical components business. Laserage joined the Company as a part of its Electromechanical Group (EMG).
AMETEK Q4 FY16 Results
AMETEK reported its Q4 FY16 results on February 07, 2016. The Company reported net sales of $973 million for the three-month period, ending December 31, 2016. The operating income for Q4 FY16 was $173.3 million, and diluted EPS were $0.47 on a GAAP basis. Excluding adjustments of $39.5 million, or $0.11 per diluted share, Q4 FY16 operating income stood at $212.7 million and diluted EPS of $0.58. The operating cash flow $247 million for Q4 FY16 was a 24% surge over the cash flow for Q4 FY15.
Stock Performance
On Tuesday, February 07, 2017, the stock closed the trading session at $51.68, slightly rising 0.04% from its previous closing price of $51.66. A total volume of 4.78 million shares have exchanged hands, which was higher than the 3-month average volume of 2.06 million shares. AMETEK's stock price advanced 16.64% in the last three months, 10.18% in the past six months, and 16.36% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 6.34%. The stock is trading at a PE ratio of 22.56 and has a dividend yield of 0.70%. The net market capital for the firm stood at $11.85 billion.
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