AMETEK (AME) 8-K Results of Operations and Financial Condition

EXHIBIT 99.1

CORPORATE OFFICE
37 North Valley Road, Building 4, P.O. Box 1764, PAOLI, PA 19301-0801

Contact: William J. Burke (610) 889-5249

AMETEK ACHIEVES RECORD FOURTH QUARTER AND FULL-YEAR RESULTS
—Fourth Quarter Sales Increase 21% and Net Income Increases 29%—

Paoli, PA, January 23, 2008 – AMETEK, Inc. (NYSE: AME) today announced fourth quarter and full-year results that established records for sales, operating income, net income and diluted earnings per share.

Fourth Quarter Results
AMETEK’s fourth quarter 2007 sales of $583.3 million were up 21% over the same period of 2006. Operating income for the fourth quarter of 2007 was $104.0 million, a 31% increase from the $79.3 million recorded in the same period of 2006. Net income in the fourth quarter of 2007 increased 29% to $61.9 million, or $.57 per diluted share, from the fourth quarter 2006 level of $47.8 million, or $.45 per diluted share.

Full-Year Results
AMETEK achieved 2007 sales of $2.14 billion, up 17% from full-year 2006 results. Operating income of $386.6 million was up 25% from $309.0 million for 2006. Net income grew to $228.0 million, up 25% from the $181.9 million earned in 2006, and diluted earnings per share of $2.12 were up 24% from $1.71 per share in 2006. Sales, operating income, net income and diluted earnings per share were full-year records.

“AMETEK had an excellent quarter, and another outstanding year,” noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. “Strong internal growth, combined with contributions from acquired businesses enabled us to grow our top-line by 21% for the quarter. Operating income margin was up 130 basis points, and diluted earnings per share were up 27% in the quarter, driven by our top-line growth and operational excellence improvements,” he commented.

Operating cash flow was very strong, totaling $96.6 million for the fourth quarter of 2007, up 48% from the fourth quarter of 2006. For the full year, operating cash flow was up 23% to $278.5 million.

Electronic Instruments Group (EIG)
For the 2007 fourth quarter, EIG sales increased 23% to $336.1 million. Operating income was $73.1 million, compared with $53.3 million in the fourth quarter of 2006, an increase of 37%. Operating margins for the quarter improved to 21.8%, from 19.5% in the fourth quarter of 2006.

—MORE—

1

AMETEK ACHIEVES RECORD FOURTH QUARTER AND FULL-YEAR RESULTS
Page 2

“EIG had a tremendous fourth quarter. Sales were up on strong core growth driven by our aerospace, power, and process and analytic instrument businesses, together with the contributions from our Cameca, Advanced Industries, B&S Aircraft Parts and Precitech acquisitions. Operating margins expanded 230 basis points on broad-based improvements by our operating units,” said Mr. Hermance.

For the year, EIG sales of $1.20 billion were up 18% from 2006 sales of $1.02 billion. Operating income was $260.3 million for 2007, up 28%, versus $203.4 million earned in 2006.

Electromechanical Group (EMG)
For the fourth quarter of 2007, EMG sales were $247.1 million, a 19% increase over the same period of 2006. Operating income of $42.4 million was up 21% from the $35.0 million recorded in the same period of 2006. Operating margins for the quarter were 17.2%, up from 16.9% in the fourth quarter of 2006.

“EMG also had an excellent fourth quarter. Sales were up on strong core growth in our differentiated businesses and the contributions from the acquisitions of Southern Aeroparts, Seacon Phoenix, Hamilton Precision Metals and Umeco. Operating margins were up 30 basis points as a result of increased volume and our operational excellence initiatives,” commented Mr. Hermance.

For the year, EMG’s sales increased 17% to $937.1 million, compared with $802.8 million in 2006. Operating income was $167.2 million for 2007, up 19% from the $139.9 million earned in 2006.

2008 Outlook
“We expect 2008 to be another great year for AMETEK. Revenue is estimated to increase in the low double digits on a percentage basis,” commented Mr. Hermance. “Earnings are expected to be approximately $2.40 to $2.45 per diluted share, an increase of 13% to 16% over the 2007 level of $2.12 per diluted share.”

Mr. Hermance continued, “Our Operational Excellence capabilities, global customer base, exposure to long-cycle aerospace and power markets, and the full-year impact of acquisitions completed in 2007 should enable us to grow both the top and bottom lines and meet our earnings estimates, even as the U.S. economy slows.”

“First quarter 2008 sales are expected to be up in the high teens on a percentage basis from last year’s first quarter. We estimate our earnings to be approximately $0.56 to $0.58 per diluted share, an increase of 17% to 21% over last year’s first quarter of $0.48,” concluded Mr. Hermance.

—MORE—

2

AMETEK ACHIEVES RECORD FOURTH QUARTER AND FULL-YEAR RESULTS
Page 3

Conference Call
AMETEK, Inc. will Web cast its Fourth Quarter 2007 investor conference call on Wednesday, January 23, 2008, beginning at 8:30 AM ET. The live audio Web cast will be available atwww.ametek.com/investors and atwww.streetevents.com. The call will be archived atwww.ametek.com/investors.

Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2007 sales of more than $2.1 billion. AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 Index and the Russell 1000 Index.

Forward-looking Information
Statements in this news release relating to future events, such as AMETEK’s expected business and financial performance, are “forward-looking statements”. Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include our ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; our ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK’s filings with the Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.

# # #
(Financial Information Follows)

3

AMETEK, Inc.
CONSOLIDATED STATEMENT OF INCOME
(In thousands, except per share amounts)

	Three months ended						Twelve months ended
	December31,						December 31,
	2007			2006			2007			2006
	(Unaudited)			(Unaudited)			(Unaudited)
Net sales	$	583,250		$	480,674		$	2,136,850		$	1,819,290
Expenses:
Cost of sales, excluding depreciation		394,251			332,569			1,444,514			1,251,920
Selling, general and administrative		72,878			59,130			263,472			219,454
Depreciation		12,085			9,711			42,290			38,922
Total expenses		479,214			401,410			1,750,276			1,510,296
Operating income		104,036			79,264			386,574			308,994
Other expenses:
Interest expense		(12,777	)		(10,616	)		(46,866	)		(42,167	)
Other, net		(736	)		(1,832	)		(3,264	)		(3,141	)
Income before income taxes		90,523			66,816			336,444			263,686
Provision for income taxes		28,660			18,979			108,424			81,752
Net income	$	61,863		$	47,837		$	228,020		$	181,934
Diluted earnings per share	$	0.57		$	0.45		$	2.12		$	1.71
Basic earnings per share	$	0.58		$	0.46		$	2.15		$	1.74
Average common shares outstanding:
Diluted shares		108,242			106,566			107,580			106,608
Basic shares		106,400			104,729			105,832			104,841
Dividends per share	$	0.06		$	0.06		$	0.24		$	0.18

-1-

4

AMETEK, INC.
INFORMATION BY BUSINESS SEGMENT
(In thousands)

	Three months ended						Twelve months ended
	December 31,						December 31,
	2007			2006			2007			2006
Net sales	(Unaudited)			(Unaudited)			(Unaudited)
Electronic Instruments	$	336,105		$	273,783		$	1,199,757		$	1,016,503
Electromechanical		247,145			206,891			937,093			802,787
Total Consolidated	$	583,250		$	480,674		$	2,136,850		$	1,819,290
Operating income
Electronic Instruments	$	73,110		$	53,319		$	260,338		$	203,430
Electromechanical		42,404			34,983			167,166			139,926
Total segments		115,514			88,302			427,504			343,356
Corporate and other		(11,478	)		(9,038	)		(40,930	)		(34,362	)
Total Consolidated	$	104,036		$	79,264		$	386,574		$	308,994

-2-

5

AMETEK, Inc.
CONDENSED CONSOLIDATED BALANCE SHEET
(In thousands)

	December 31,		December 31,
	2007		2006
ASSETS	(Unaudited)
Current assets:
Cash, cash equivalents
and marketable securities	$	180,981	$	58,220
Receivables, net		395,631		328,762
Inventories		301,679		236,783
Other current assets		84,568		60,298
Total current assets		962,859		684,063
Property, plant and equipment, net		293,107		258,008
Goodwill		1,047,451		881,433
Other intangibles, investments and other assets		453,259		307,372
Total assets	$	2,756,676	$	2,130,876
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings and current
portion of long-term debt	$	230,518	$	163,608
Accounts payable and accruals		411,874		317,292
Total current liabilities		642,392		480,900
Long-term debt		672,437		518,267
Deferred income taxes and
other long-term liabilities		200,842		165,037
Stockholders’ equity		1,241,005		966,672
Total liabilities and stockholders’ equity	$	2,756,676	$	2,130,876

-3-

6