Ametek's biggest risks in the FY2024 10-K
- International sales represent 47.4% of consolidated net sales, exposing the company to global economic and regulatory risks.
- Acquisitions are core to growth, with goodwill and intangibles reaching $10,471.1 million or 72% of total assets.
- Operations depend heavily on specialized supply chains, including semiconductor chips and raw materials.
The risks most specific to Ametek
- Risks Related to Our Operations
Our growth could suffer if the markets into which we sell our products and services decline, do not grow as anticipated, experience cyclicality, or a general downturn in the economy could adversely affect our business
A downturn in the aerospace and defense, oil and gas, process instrumentation, or power markets could adversely affect our business.
- Risks Related to Our Operations
Foreign and domestic economic, political, legal, compliance and business factors could negatively affect our international sales and operations
International sales represented 47.4% of consolidated net sales in 2024 and 2023, and this percentage is expected to increase.
- Risks Related to Our Operations
Any inability to hire, train and retain a sufficient number of skilled officers and other employees could impede our ability to compete successfully
Inability to hire and retain skilled employees could impede our ability to integrate acquired businesses and manage international operations.
- Risks Related to Our Operations
A disruption in, shortage of, or price increases for, supply of our components and raw materials may adversely impact our operations
Supply chain disruptions or price increases for components like semiconductor chips and raw materials may adversely impact operations.
- Risks Related to Our Acquisitions
Our growth strategy includes strategic acquisitions. We may not be able to consummate future acquisitions or successfully integrate recent and future acquisitions
Our growth strategy relies on making strategic acquisitions to enhance global market position, which we may fail to consummate or integrate.
- Risks Related to Our Acquisitions
The indemnification provisions of acquisition agreements by which we have acquired companies may not fully protect us and as a result we may face unexpected liabilities
Indemnification provisions from former owners in acquisition agreements may have limits and fail to protect us from unexpected liabilities.
- Risks Related to Our Financial Condition
Our goodwill and other intangible assets represent a substantial proportion of our total assets and the impairment of such substantial goodwill and intangible assets could have a negative impact on our financial condition and results of operations
Goodwill and other intangible assets totaled $10,471.1 million, representing 72% of our total assets at December 31, 2024.
All 18 risk factors
Headings as the filing states them, in filing order.
Risks Related to Our Operations
- 01Our growth could suffer if the markets into which we sell our products and services decline, do not grow as anticipated, experience cyclicality, or a general downturn in the economy could adversely affect our business
- 02We may not properly execute, or realize anticipated cost savings or benefits from, our Operational Excellence initiatives
- 03Foreign and domestic economic, political, legal, compliance and business factors could negatively affect our international sales and operations
- 04Our international sales and operations may be adversely impacted by compliance with export laws
- 05Our reputation, ability to do business and financial statements may be impaired by improper conduct by any of our employees, agents or business partners
- 06Any inability to hire, train and retain a sufficient number of skilled officers and other employees could impede our ability to compete successfully
- 07If we are unable to develop new products on a timely basis, it could adversely affect our business and prospects
- 08Our technology is important to our success and our failure to protect this technology could put us at a competitive disadvantage
- 09A disruption in, shortage of, or price increases for, supply of our components and raw materials may adversely impact our operations
- 10We are subject to numerous governmental regulations, which may be burdensome or lead to significant costs
- 11We operate in highly competitive industries, which may adversely affect our results of operations or ability to expand our business
- 12Our business and financial performance could be adversely impacted by a significant disruption in, or breach in security of, our information technology systems
Risks Related to Our Acquisitions
- 13Our growth strategy includes strategic acquisitions. We may not be able to consummate future acquisitions or successfully integrate recent and future acquisitions
- 14The indemnification provisions of acquisition agreements by which we have acquired companies may not fully protect us and as a result we may face unexpected liabilities
Risks Related to Our Financial Condition
- 15Certain environmental risks may cause us to be liable for costs associated with hazardous or toxic substance clean-up which may adversely affect our financial condition
- 16We are subject to a variety of litigation and other legal and regulatory proceedings in the course of our business that could adversely affect our financial statements
- 17Restrictions contained in our revolving credit facility and other debt agreements may limit our ability to incur additional indebtedness
- 18Our goodwill and other intangible assets represent a substantial proportion of our total assets and the impairment of such substantial goodwill and intangible assets could have a negative impact on our financial condition and results of operations
Other Ametek 10-Ks
- FY2025 10-K risk factors18 risks1 reworded
Goodwill and intangible assets increased to $11,299.2 million at December 31, 2025, representing 70% of total assets compared to $10,471.1 million or 72% in the prior year.
Filed Feb 17, 2026
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.