earnings
confidence high
sentiment positive
materiality 0.85
AMETEK Q3 record sales $1.55B, adj. EPS $1.45; raises FY guidance; completes two acquisitions for $430M
AMETEK INC/
2022-Q3 EPS reported
$3.68
revenue$4,524,863,000
- Q3 sales $1.55B (+8% YoY), operating income $384.5M (+14%), operating margins 24.8% (+140 bps).
- GAAP EPS $1.29; adjusted EPS $1.45 (+15% YoY); adjusted adds back intangible amortization of $0.16.
- FY2022 adjusted EPS guidance raised to $5.61-$5.63 from prior $5.46-$5.54 (16% YoY growth).
- Completed acquisitions of Navitar (optics) and RTDS (power simulation) for combined ~$430M, adding ~$100M annual sales.
- EIG sales $1.05B (+7%); EMG sales record $497.7M (+8%) with record EMG margin 27.4%.