Ametek (AME) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

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]