AMETEK, Inc. (NYSE:AME) Q1 2024 Earnings Call Transcript

Dave Zapico: Yes, we started the [inaudible] in Q1, and as I said, we pulled forward all the benefits that we had, and I think the restructuring was done in Q1, so I don’t think we’re going to have another restructuring charge in Q2. If that’s what you’re asking. It’s a one-off charge. It’s a Zygo business. We had a big acquisition. We did a similar thing when we got comfortable with what we could do. And we may have another charge with Paragon down the road if we think there’s other ways to improve it. But right now, this is a one-time charge to dramatically improve the operating capability of that business, and the returns that I communicated to you are very positive.

Operator: I am showing no further questions at this time. I would now like to turn it back to Kevin Coleman, Vice President of Investor Relations and Treasurer, for closing remarks.

Kevin Coleman: Thank you. Thanks, everyone, for joining our call today. And as a reminder, a replay of today’s webcast may be accessed in the investor section of ametek.com. Have a great day.

Operator: Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.