AMETEK reports record Q2 sales $1.39B, raises 2021 EPS guidance to $4.62-$4.68

AMETEK INC/

2021-Q2 EPS reported $1.94 revenue$2,602,088,000

Q2 sales $1.39B (+37% YoY); organic sales +25%; operating income record $316.6M.
GAAP EPS $1.00; adjusted EPS record $1.15 (+37% YoY).
Backlog hits record $2.5B; free cash flow conversion 114% of net income.
EIG sales record $933.9M (+44%); EMG sales $452.4M (+24%), margins record 24.9%.
2021 guidance raised: adjusted EPS now $4.62-$4.68 (from $4.48-$4.56); expects Q3 adj. EPS $1.16-$1.18.

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