AMETEK reported second-quarter 2020 adjusted earnings of 84 cents per share, which beat the Zacks Consensus Estimate by 16.7%. However, the bottom line declined 20% from the year-ago quarter and 17.6% from the previous quarter. Net sales of $1.01 billion surpassed the Zacks Consensus Estimate of $974.6 million. Notably, the top line was down 22% year over year and 15.8% sequentially. Disruptions caused by the COVID-19 pandemic led to decline in the company's top line. The coronavirus crisis affected both Electronic Instruments Group (EIG) and Electromechanical Group (EMG) segments during the reported quarter. Nevertheless, the company delivered strong operational performance during the second quarter. We believe AMETEK's proper execution of the four core growth strategies — operational excellence, global market expansion, investments in product development and acquisitions are expected to continue aiding its financial growth in the near term and the long haul.