AMETEK Q1 sales $1.46B (+20%), adj. EPS $1.33 (+24%); raises FY guidance to $5.34-$5.44

AMETEK INC/

2022-Q1 EPS reported $1.17 revenue$1,458,525,000

Q1 sales $1.46B (+20% YoY); operating income $353.2M (+20%); margins 24.2%.
GAAP EPS $1.17; adjusted EPS $1.33, up 24% (excluding $0.16 intangible amortization).
EIG sales $987.8M (+25%), op. income $244.8M; EMG sales $470.8M (+11%), record op. income $128.2M.
Orders up 22% in quarter; backlog record $3.0B.
FY 2022 adjusted EPS guidance raised to $5.34-$5.44 (prev. $5.30-$5.42); Q2 adj. EPS guided $1.27-$1.30.

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