BERWYN, Pa., Feb. 9, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its Board of Directors has approved a 12% increase in its quarterly cash dividend on common stock to $0.28 per share from $0.25 per share. The dividend is payable on March 28, 2024 to shareholders of record as of March 8, 2024. This dividend increase will raise the indicated annual rate to $1.12 per share. "AMETEK continues to perform exceptionally well, delivering strong growth, outstanding cash flow generation and excellent ...

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AMETEK, Inc. (NYSE:AME) Q4 2023 Earnings Conference Call February 6, 2024 8:30 AM ET Company Participants Kevin Coleman - Vice President, Investor Relations and Treasurer Dave Zapico - Chairman and Chief Executive Officer Bill Burke - Executive Vice President and Chief Financial Officer Dalip Puri - Senior Vice President, Operational Finance Conference Call Participants Matt Summerville - D.A. Davidson Deane Dray - RBC Capital Markets Allison Poliniak - Wells Fargo Jeffrey Sprague - Vertical Research Partne ...

AMETEK, Inc. (AME) reported fourth-quarter 2023 adjusted earnings of $1.68 per share, beating the Zacks Consensus Estimate by 3.7%. The bottom line rose 11% on a year-over-year basis.Net sales of $1.73 billion surpassed the Zacks Consensus Estimate by 0.3%. The top line rose 6.5% year over year.Top-line growth was driven by solid momentum across the Electronic Instruments Group (EIG) and Electromechanical Group (EMG) segments.AMETEK’s proper execution of the four core growth strategies, including operationa ...

Core Insights - Ametek reported $1.73 billion in revenue for Q4 2023, a year-over-year increase of 6.5% and a surprise of +0.31% over the Zacks Consensus Estimate [1] - The EPS for the quarter was $1.68, compared to $1.52 a year ago, resulting in an EPS surprise of +3.70% against the consensus estimate of $1.62 [1] Financial Performance Metrics - Net Sales for Electronic Instruments were $1.24 billion, matching the average estimate and reflecting a +6.6% change year-over-year [2] - Net Sales for Electromechanical were $494.66 million, exceeding the average estimate of $487.91 million, with a +6.1% year-over-year change [2] - Operating Income for Electronic Instruments was $358.99 million, surpassing the average estimate of $343.28 million [2] - Operating Income for Corporate administrative expenses was -$26.32 million, better than the average estimate of -$27.23 million [2] - Operating Income for Electromechanical was $112.32 million, below the average estimate of $120.26 million [2] Stock Performance - Ametek shares have returned +3.2% over the past month, compared to the Zacks S&P 500 composite's +5.3% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Company Performance - Ametek reported quarterly earnings of $1.68 per share, exceeding the Zacks Consensus Estimate of $1.62 per share, and up from $1.52 per share a year ago, representing an earnings surprise of 3.70% [1] - The company achieved revenues of $1.73 billion for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 0.31% and increasing from $1.63 billion year-over-year [1] - Over the last four quarters, Ametek has consistently surpassed consensus EPS estimates four times and revenue estimates three times [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.58 on revenues of $1.76 billion, and for the current fiscal year, it is $6.76 on revenues of $7.27 billion [4] - Ametek's estimate revisions trend is currently favorable, leading to a Zacks Rank 2 (Buy), indicating expected outperformance in the near future [4] Industry Context - The Electronics - Testing Equipment industry, to which Ametek belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Another company in the same industry, Itron, is expected to report quarterly earnings of $0.75 per share, reflecting a year-over-year increase of 5.6%, with revenues projected at $569.76 million, up 21.9% from the previous year [5][6]

Wall Street analysts forecast that Ametek (AME) will report quarterly earnings of $1.62 per share in its upcoming release, pointing to a year-over-year increase of 6.6%. It is anticipated that revenues will amount to $1.73 billion, exhibiting an increase of 6.1% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this tim ...

Investors looking for stocks in the Electronics - Testing Equipment sector might want to consider either Itron (ITRI) or Ametek (AME) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive esti ...

Core Insights - Gabelli Funds is organizing a Pump, Valve & Water Systems Symposium on February 22, 2024, at the Yale Club in New York City, focusing on key industry themes such as infrastructure spending, resource security, conservation, and mergers and acquisitions [1] Industry Participants - The symposium will feature notable participants including AMETEK Inc, Badger Meter Inc, Crane Co, Distribution Solutions Group Inc, Enerpac Tool Group Corp, EnPro Inc, Flowserve Corp, Gibraltar Industries Inc, Graco Inc, Graham Corp, ITT Inc, Landis + Gyr, Mueller Water Products Inc, and Watts Water Technologies [2]

- Earnings to be released before market opens on Tuesday, February 6, 2024 - BERWYN, Pa., Jan. 19, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) will issue its fourth quarter 2023 earnings release before the market opens on Tuesday, February 6, 2024. AMETEK will webcast its fourth quarter 2023 investor conference call on Tuesday, February 6, 2024, beginning at 8:30 AM ET. The live audio webcast can be accessed by clicking on the Events & Presentations link in the "Investors" section of www.ametek.com. A rep ...