AMETEK(AME)
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AMETEK(AME) - 2024 Q2 - Quarterly Report
2024-08-01 18:36
Table of Contents _________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q _________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-12981 AMETEK, Inc. (Exact name of r ...
AMETEK (AME) Q2 Earnings Surpass Estimates, Sales Rise Y/Y
ZACKS· 2024-08-01 17:15
AMETEK, Inc. (AME) has reported second-quarter 2024 adjusted earnings of $1.66 per share, beating the Zacks Consensus Estimate by 1.2%. The bottom line rose 6% on a year-over-year basis.Net sales of $1.73 billion increased 5% from the year-ago quarter. However, the figure missed the Zacks Consensus Estimate of $1.77 billion.Top-line growth was primarily driven by the solid performance of the Electromechanical Group (EMG) segment. Also, strength in the Electronic Instruments Group (EIG) segment contributed w ...
AMETEK(AME) - 2024 Q2 - Quarterly Results
2024-08-01 15:33
Exhibit 99.1 AMETEK Announces Second Quarter Results Berwyn, Pa., August 1, 2024 – AMETEK, Inc. (NYSE: AME) today announced its financial results for the second quarter ended June 30, 2024. AMETEK's second quarter 2024 sales were $1.73 billion, a 5% increase over the second quarter of 2023. Operating income increased 7% to a record $447.5 million and operating margins were 25.8%, up 40 basis points from the second quarter of 2023. Operating cash flow in the quarter was $381.4 million, up 14% versus the prio ...
Compared to Estimates, Ametek (AME) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-01 14:36
For the quarter ended June 2024, Ametek (AME) reported revenue of $1.73 billion, up 5.4% over the same period last year. EPS came in at $1.66, compared to $1.57 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.77 billion, representing a surprise of -2.23%. The company delivered an EPS surprise of +1.22%, with the consensus EPS estimate being $1.64.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectatio ...
Ametek (AME) Beats Q2 Earnings Estimates
ZACKS· 2024-08-01 13:05
Ametek (AME) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $1.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.22%. A quarter ago, it was expected that this maker of electronic instruments and electromechanical devices would post earnings of $1.59 per share when it actually produced earnings of $1.64, delivering a surprise of 3.14% ...
AMETEK Announces Second Quarter Results
Prnewswire· 2024-08-01 10:55
BERWYN, Pa., Aug. 1, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the second quarter ended June 30, 2024.AMETEK's second quarter 2024 sales were $1.73 billion, a 5% increase over the second quarter of 2023. Operating income increased 7% to a record $447.5 million and operating margins were 25.8%, up 40 basis points from the second quarter of 2023. Operating cash flow in the quarter was $381.4 million, up 14% versus the prior year.On a GAAP basis, second quarter ear ...
AMETEK (AME) to Report Q2 Earnings: What's in the Offing?
ZACKS· 2024-07-29 16:41
AMETEK, Inc. (AME) is scheduled to report second-quarter 2024 results on Aug 1.For the second quarter, AMETEK expects sales growth in the mid to high-single digits from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for sales is pegged at $1.77 billion, suggesting an increase of 7.8% from the year-ago quarter’s reported figure.AMETEK expects adjusted earnings of $1.63-$1.65 per share, suggesting growth of 4-5% from the year-ago quarter’s reported number. The Zacks Consensus Estimate fo ...
AMETEK Announces Second Quarter 2024 Earnings Call and Webcasted Investor Conference Call Information
Prnewswire· 2024-07-15 12:00
- Earnings to be released before market opens on Thursday, August 1, 2024 -BERWYN, Pa., July 15, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) will issue its second quarter 2024 earnings release before the market opens on Thursday, August 1, 2024.AMETEK will webcast its second quarter 2024 investor conference call on Thursday, August 1, 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 replay o ...
AMETEK Appoints Keith J. Kowalski Vice President and General Manager, Advanced Motion Solutions (AMS) Division
Prnewswire· 2024-07-01 12:35
BERWYN, Pa., July 1, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Keith J. Kowalski as Vice President and General Manager, AMS Division. Mr. Kowalski previously served as Divisional Vice President and Business Unit Manager for the Precitech TMC business within AMETEK's Ultra Precision Technologies division. "I am pleased to announce Keith's promotion to Vice President and General Manager," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Keith has ...
3 Testing Equipment Stocks With Bright Prospects to Watch
ZACKS· 2024-06-18 14:41
The Zacks Electronics – Testing Equipment industry has been benefiting from 5G-related growth opportunities, strengthening automation drive and the Industry 4.0 momentum for a while. The growing proliferation of self-driving vehicles and the Advanced Driver Assistance System are creating tailwinds for the industry players. The solid adoption of software-enabled testing instruments and devices is a positive. The increasing use of advanced electrical instruments in the pharmaceutical and healthcare industries ...