AMETEK(US:AME)2025-10-30 14:59Financial Performance - AMETEK reported record third quarter sales of $1.89 billion, an 11% increase compared to the third quarter of 2024[2] - Adjusted earnings per diluted share reached a record $1.89, up 14% from the same period last year[2] - GAAP operating income was $488.4 million, representing 25.8% of sales, while adjusted operating income was $496.1 million, an 11% increase year-over-year[3] - The company reported net income of $371.4 million for the third quarter, compared to $340.2 million in the same quarter of 2024[15] - AMETEK's cash and cash equivalents increased to $439.2 million from $374.0 million at the end of 2024[19] Segment Performance - The Electronic Instruments Group (EIG) achieved sales of $1.25 billion, a 10% increase from the prior year, with operating income margins at 28.3%[4] - The Electromechanical Group (EMG) reported sales of $646.3 million, a 13% increase, and operating income increased by 25% to $163.9 million, with margins expanding by 250 basis points[6] - EIG Segment operating income (GAAP) for Q3 2025 was $352,437, an increase from $338,963 in Q3 2024, reflecting a growth of 4.3%[21] - The EIG Segment operating margin (Non-GAAP) adjusted for acquisition-related costs was 30.4% in Q3 2025, up from 29.9% in Q3 2024, reflecting a 0.5% increase[21] Future Outlook - For 2025, AMETEK expects overall sales to increase by mid-single digits compared to 2024, with adjusted earnings per diluted share projected to be between $7.32 and $7.37, up 7% to 8%[7] - The fourth quarter of 2025 is anticipated to see sales growth of approximately 10% year-over-year, with adjusted earnings expected to be between $1.90 and $1.95 per share[8] - The company forecasts diluted earnings per share (GAAP) for Q4 2025 to be between $1.68 and $1.73, with adjusted diluted earnings per share (Non-GAAP) expected to be between $1.90 and $1.95[24] - For the full year 2025, the company anticipates diluted earnings per share (GAAP) to range from $6.34 to $6.39, while adjusted diluted earnings per share (Non-GAAP) is projected to be between $7.32 and $7.37[24] Financial Metrics - The operating income margin (GAAP) decreased slightly to 25.8% in Q3 2025 from 26.1% in Q3 2024[21] - Adjusted operating income margin (Non-GAAP) improved to 27.0% in Q3 2025, up from 26.1% in Q3 2024, indicating a 0.9% increase[21] - Acquisition-related costs included in the financials amounted to $7,750 for Q3 2025, with an adjusted other income (expense), net of $(5,909)[21] Non-GAAP Measures - The company emphasizes the use of non-GAAP financial measures to provide investors with a clearer understanding of operational performance, excluding items not indicative of ongoing operations[26] - The company has not included adjustments for acquisition-related costs in its forward-looking guidance, as these are contingent on future events[28] Asset Growth - AMETEK's total assets as of September 30, 2025, were $16.18 billion, an increase from $14.63 billion at the end of 2024[19]