AME · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

AMETEK INC/ · 2026-08-04 · Importance 26 · Surprise 24 · In source text

AMETEK had $298.3 million of British-pound-denominated loans and $656.4 million of Euro-denominated loans at June 30, 2026, designated as net investment hedges for foreign subsidiaries. These borrowings are intended to offset translation gains or losses caused by changes in British pound and euro exchange rates. For the six months ended June 30, 2026, the designated hedges generated $22.5 million of pretax currency remeasurement gains recorded in foreign currency translation within other comprehensive income. Consolidated foreign currency translation adjustments were a $65.8 million loss in the first six months of 2026 versus a $236.0 million gain in the prior-year period.

Key facts

• At June 30, 2026, the Company had British-pound-denominated loans of $298.3 million and Euro-denominated loans of $656.4 million designated as net investment hedges. source
• As a result of the British-pound- and Euro-denominated loans designated as net investment hedges, $22.5 million of pre-tax currency remeasurement gains have been included in the foreign currency translation component of other comprehensive income for the six months ended June 30, 2026. source
• The increase in Q2 2026 orders was due to a 25% increase in organic orders and a 6% increase from acquisitions, partially offset by a 3% unfavorable effect of foreign currency translation. source

Impact estimates