Financial Performance - AMETEK's Q4 2024 sales reached a record $1.76 billion, a 2% increase from Q4 2023[2] - Operating income for Q4 2024 increased by 5% to a record $469.0 million, with operating margins at 26.6%, up 90 basis points year-over-year[2] - Full year 2024 sales totaled $6.94 billion, reflecting a 5% increase compared to 2023[4] - Full year adjusted operating income was $1.81 billion, up 6% from the previous year, with adjusted operating income margins at 26.1%[5] - Operating cash flow for the full year 2024 was $1.83 billion, a 5% increase from 2023[4] Earnings - Adjusted earnings per diluted share for Q4 2024 were a record $1.87, an 11% increase from Q4 2023[3] - Diluted earnings per share (GAAP) for Q4 2024 was $1.67, up from $1.48 in Q4 2023, representing a 12.8% increase[27] - Adjusted diluted earnings per share (Non-GAAP) for Q4 2024 was $1.87, compared to $1.68 in Q4 2023, reflecting an 11.3% growth[27] - For the year ended December 31, 2024, diluted earnings per share (GAAP) increased to $5.93 from $5.67 in 2023, a rise of 4.6%[27] - The forecasted diluted earnings per share (GAAP) for Q1 2025 is projected to be between $1.46 and $1.48[27] - The forecasted adjusted diluted earnings per share (Non-GAAP) for Q1 2025 is expected to range from $1.67 to $1.69[27] Cash Flow - Free cash flow for Q4 2024 was a record $498.3 million, with a free cash flow to net income conversion rate of 129%[2] Segment Performance - Electronic Instruments Group (EIG) sales in Q4 2024 were $1.21 billion, down 2% from Q4 2023, while operating income increased 8% to $386.6 million[8] - Electromechanical Group (EMG) sales in Q4 2024 rose by 11% to $546.7 million, driven by the acquisition of Paragon Medical and growth in Aerospace and Defense sectors[9] Non-GAAP Financial Information - The company emphasizes the use of non-GAAP financial information to provide investors with greater insight into operational performance[29] - Non-GAAP measures are intended to enhance understanding of long-term profitability trends and facilitate comparisons with peers[30] - The reconciliation of non-GAAP measures to GAAP measures is included in the financial tables for transparency[29] Amortization and Tax - The company reported pretax amortization of acquisition-related intangible assets of $0.27 for Q4 2023, slightly increasing to $0.28 in Q1 2025 forecast[27] - The income tax benefit on amortization of acquisition-related intangible assets was $(0.07) for Q1 2025 forecast, consistent with the previous quarter[27]

Ametek (AME) reported $1.76 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 1.8%. EPS of $1.87 for the same period compares to $1.68 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.81 billion, representing a surprise of -2.81%. The company delivered an EPS surprise of +1.63%, with the consensus EPS estimate being $1.84.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Core Viewpoint - Ametek (AME) reported quarterly earnings of $1.87 per share, exceeding the Zacks Consensus Estimate of $1.84 per share, and showing an increase from $1.68 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 1.63%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Ametek's revenues for the quarter were $1.76 billion, which was 2.81% below the Zacks Consensus Estimate, and an increase from $1.73 billion year-over-year [3] Stock Performance - Ametek shares have increased approximately 2.2% since the beginning of the year, compared to a 1.9% gain in the S&P 500 [4] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $1.72 for the upcoming quarter and $7.31 for the current fiscal year [5][8] - The estimate revisions trend for Ametek is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [7] Industry Context - The Electronics - Testing Equipment industry, to which Ametek belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [9]

GREENWICH, Conn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth ...

BERWYN, Pa., Feb. 4, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the acquisition of Kern Microtechnik, a leading manufacturer of high-precision machining and optical inspection solutions.Kern specializes in the design and manufacture of ultra-precision manufacturing solutions capable of achieving sub-micron level accuracy. Kern's advanced product portfolio includes high-precision machining solutions and optical tool inspection systems. Their highly engineered solutions support a wide range ...

BERWYN, Pa., Feb. 4, 2025 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the fourth quarter ended December 31, 2024. AMETEK's fourth quarter 2024 sales were a record $1.76 billion, a 2% increase over the fourth quarter of 2023. Operating income increased 5% to a record $469.0 million and operating margins were 26.6% in the quarter, up 90 basis points from the prior year. Operating cash flow in the quarter was a record $550.0 million, free cash flow was a record $498.3 mil ...

4 Technology Stocks Poised to Beat Earnings Estimates in Q4The technology sector saw growth in the fourth quarter of 2024, driven by strong adoption of Artificial Intelligence (AI) and machine learning, as well as Generative AI (GenAI).The sector is riding on the ongoing digitalization wave. The rapid adoption of cloud computing, 5G, the Internet of Things, wearables, headsets supporting augmented and virtual reality technologies, drones, robotics, cybersecurity, blockchain and quantum computing is expected ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Ametek (AME) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 4. On t ...

Core Insights - AMETEK, Inc. will release its fourth quarter 2024 earnings before the market opens on February 4, 2025 [1] - An investor conference call will be held on the same day at 8:30 AM ET, accessible via a live audio webcast [2] Company Profile - AMETEK is a leading global provider of industrial technology solutions with sales of approximately $7.0 billion [3] - The company employs a Growth Model that integrates four strategies: Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions [3] - AMETEK aims for double-digit percentage growth in earnings per share over the business cycle and seeks a superior return on total capital [3] - Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500 [3]

Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to announce that it will be attending AME Roundup and that drill core from the Chuchi copper-gold project, located in B.C., has been selected for display at the Core Shack.Management will be present at booth #216, from January 20-23, to discuss the newly acquired U.S. copper and gold project portfolio, the B.C. copper project ...