AMETEK (AME) Q4 Earnings & Sales Surpass Estimates, Rise Y/Y

AMETEK, Inc. (AME) reported fourth-quarter 2023 adjusted earnings of $1.68 per share, beating the Zacks Consensus Estimate by 3.7%. The bottom line rose 11% on a year-over-year basis.Net sales of $1.73 billion surpassed the Zacks Consensus Estimate by 0.3%. The top line rose 6.5% year over year.Top-line growth was driven by solid momentum across the Electronic Instruments Group (EIG) and Electromechanical Group (EMG) segments.AMETEK’s proper execution of the four core growth strategies, including operationa ...