8-K
filed February 2, 2023, 6:59 PM ET
ticker AME
CIK 0001037868
earnings
confidence high
sentiment positive
materiality 0.85
AMETEK reports record Q4 sales $1.63B, adjusted EPS $1.52 (+11% YoY); guides FY23 EPS $5.84-$6.00
AMETEK INC/
2022-FY EPS reported
$5.01
revenue$6,150,530,000
- Q4 record sales $1.63B (+8% YoY); organic +9%; GAAP EPS $1.33, adjusted EPS $1.52 (+11% YoY).
- FY2022 sales record $6.15B (+11% YoY); adjusted EPS $5.68 (+17% YoY); record backlog $3.2B.
- EIG segment sales record $1.16B (+10%), op income $307M (26.5% margin); EMG sales $466M (+4%).
- FY2023 adjusted EPS guidance $5.84-$6.00 (+3-6% YoY); Q1 adjusted EPS $1.38-$1.42 (+4-7% YoY).
- Operating margin expanded 50 bps to 24.5% in Q4; full-year margin 24.4% (+80 bps).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMETEK INC/ reported the fourth quarter ended December 31, 2022 results: revenue $1.63 billion, EPS $1.33 per diluted share.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $1.63 billion
- EPS
- $1.33 per diluted share
- Result
- reported results
Exact text from the filing
AMETEK’s fourth quarter 2022 sales were a record $1.63 billion, an 8% increase over the fourth quarter of 2021, with organic sales growth of 9%. Operating income increased 10% to a record $398 million and operating margins were 24.5%, up 50 basis points from fourth quarter 2021 margins. On a GAAP basis, fourth quarter earnings per diluted share were $1.33.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMETEK INC/ reported the first quarter of 2023 results: EPS $1.38 to $1.42. Guidance initiated.
- Period
- the first quarter of 2023
- EPS
- $1.38 to $1.42
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
“For the first quarter of 2023, overall sales are also expected to be up mid-single digits compared to the same period last year. Adjusted earnings in the quarter are anticipated to be in the range of $1.38 to $1.42 per share, up 4% to 7% compared to the first quarter of 2022,” concluded Mr. Zapico.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMETEK INC/ reported the year ended December 31, 2022 results: revenue $6.15 billion, EPS $5.01 per diluted share.
- Period
- the year ended December 31, 2022
- Revenue
- $6.15 billion
- EPS
- $5.01 per diluted share
- Result
- reported results
Exact text from the filing
For the full year, AMETEK’s sales were $6.15 billion, an increase of 11% over 2021. Organic sales were also up 11% in 2022. Operating income was $1.50 billion, up 15% versus the prior year, and operating income margins were 24.4%, expanding 80 basis points over last year’s results. On a GAAP basis, full year 2022 earnings were $5.01 per diluted share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMETEK INC/ reported 2023 results: EPS $5.84 to $6.00. Guidance initiated.
- Period
- 2023
- EPS
- $5.84 to $6.00
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
“For 2023, we expect overall sales to be up mid-single digits compared to 2022. Adjusted earnings per diluted share are expected to be in the range of $5.84 to $6.00, an increase of 3% to 6% over the comparable basis for 2022,” he added.
View on SEC.gov
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