AMETEK(AME)

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AMETEK(AME) - 2024 Q3 - Quarterly Report
2024-10-31 17:55
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 September 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 ...
AMETEK(AME) - 2024 Q3 - Quarterly Results
2024-10-31 15:19
Exhibit 99.1 AMETEK Announces Third Quarter Results Berwyn, Pa., October 31, 2024 – AMETEK, Inc. (NYSE: AME) today announced its financial results for the third quarter ended September 30, 2024. AMETEK's third quarter 2024 sales were $1.71 billion, a 5% increase over the third quarter of 2023. Operating income increased 2% to $445.9 million and operating margins were 26.1% in the quarter. Operating cash flow in the quarter was $487.2 million, up 3% versus the prior year, with free cash flow to net income co ...
Ametek (AME) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-31 14:36
Ametek (AME) reported $1.71 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.3%. EPS of $1.66 for the same period compares to $1.64 a year ago.The reported revenue represents a surprise of +0.89% over the Zacks Consensus Estimate of $1.69 billion. With the consensus EPS estimate being $1.62, the EPS surprise was +2.47%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...
Ametek (AME) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-31 13:05
Ametek (AME) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $1.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.47%. A quarter ago, it was expected that this maker of electronic instruments and electromechanical devices would post earnings of $1.64 per share when it actually produced earnings of $1.66, delivering a surprise of 1.22% ...
AMETEK Acquires Virtek Vision International
Prnewswire· 2024-10-31 10:55
Core Viewpoint - AMETEK, Inc. has announced the acquisition of Virtek Vision International, enhancing its capabilities in advanced laser-based projection and inspection systems [1][3]. Group 1: Acquisition Details - Virtek specializes in advanced 3D laser projectors, smart cameras, and AI-driven quality control inspection systems, aimed at automating complex assembly processes [2]. - The acquisition is expected to complement AMETEK's Creaform business, broadening its automated 3D scanning and inspection capabilities [3]. Group 2: Company Profile - AMETEK is a leading global provider of industrial technology solutions with annual sales of approximately $7.0 billion [4]. - The company focuses on four growth strategies: Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions, aiming for double-digit percentage growth in earnings per share [4].
AMETEK Announces Third Quarter Results
Prnewswire· 2024-10-31 10:55
BERWYN, Pa., Oct. 31, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the third quarter ended September 30, 2024. AMETEK's third quarter 2024 sales were $1.71 billion, a 5% increase over the third quarter of 2023. Operating income increased 2% to $445.9 million and operating margins were 26.1% in the quarter. Operating cash flow in the quarter was $487.2 million, up 3% versus the prior year, with free cash flow to net income conversion of 135%.On a GAAP basis, third q ...
Insights Into Ametek (AME) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-10-28 14:21
In its upcoming report, Ametek (AME) is predicted by Wall Street analysts to post quarterly earnings of $1.62 per share, reflecting a decline of 1.2% compared to the same period last year. Revenues are forecasted to be $1.69 billion, representing a year-over-year increase of 4.4%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this p ...
Analysts Estimate Ametek (AME) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-24 15:06
Ametek (AME) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 31. On ...
AMETEK Announces Third Quarter 2024 Earnings Call and Webcasted Investor Conference Call Information
Prnewswire· 2024-10-15 12:32
- Earnings to be released before market opens on Thursday, October 31, 2024 - BERWYN, Pa., Oct. 15, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) will issue its third quarter 2024 earnings release before the market opens on Thursday, October 31, 2024. AMETEK will webcast its third quarter 2024 investor conference call on Thursday, October 31, 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 re ...
Stock Picks From Seeking Alpha's September 2024 New Analysts
Seeking Alpha· 2024-10-04 12:00
Showcase Intro In September, we welcomed thirty new analysts who published their first-ever article on Seeking Alpha. In this article, our editors highlight some of the best ideas from these new analysts and introduce all the rest. The first five introductions are spotlight features, including a longer excerpt from the analyst's article. The rest of the new analysts will be introduced after these with a more brief excerpt, and organized by rating from Strong Sell to Strong Buy. Each section includes details ...