AMETEK, Inc Reported Q4 Beat, Margins Look Good
AMETEK, Inc. (NYSE:AME) reported its Q4 results, with EPS of $1.37 coming in 4.6% ahead of the Street estimate, driven by strong revenues and good margin execution. Organic sales grew 17%, well ahead of estimates and demand remains intact as orders grew 22%.
While many companies struggled to deliver on margins this earnings season due to supply chain challenges and higher inflation, the company’s margins continue to exceed expectations, with an adjusted operating margin of 24%.
The company guided 2022 revenue growth of 10% year-over-year, with core margins expected to increase 30-40 bp, despite ongoing industry supply chain challenges.
The company spent $2 billion to acquire six businesses last year and indicated its deal pipeline remains active, implying another layer of inorganic growth potential ahead.
| Symbol | Price | %chg |
|---|---|---|
| 373220.KS | 318000 | 0 |
| 009540.KS | 283500 | 0 |
| 034020.KS | 27850 | 0 |
| 7011.T | 2731.5 | 0 |
Ametek Reports Better Than Expected Q1, Provides Solid Outlook
Ametek (NYSE:AME) reported its Q1 earnings results yesterday, with EPS of $1.49 coming in better than the Street estimate of $1.41. Revenue was $1.6 billion, beating the Street estimate of $1.54B. Incrementals were solid at 38% and free cash flow conversion was an impressive 120%.
The company also announced a bolt-on acquisition of Bison Gear for about $100 million. A niche manufacturer of precision linear motion control, Bison bolsters Ametek’s automation offerings.
For the full 2023 year, the company expects EPS to be in the range of $5.96-$6.10, compared to the Street estimate of $5.99.
