AMETEK Q1 record sales $1.60B, EPS $1.49 adj., raises FY 2023 guidance, acquires Bison Gear

AMETEK INC/

2023-Q1 EPS reported $1.32 revenue$1,597,117,000

Q1 sales $1.60B (+10% YoY); organic sales growth of 9%; record operating margin 25.4%.
GAAP EPS $1.32; adjusted EPS $1.49 (+12%); record operating cash flow $386.5M (+92%).
FY 2023 adj. EPS guidance raised to $5.96–$6.10 from $5.84–$6.00; Q2 adj. EPS seen $1.49–$1.51.
EIG sales $1.12B (+13%) with record op. margin 27.7%; EMG sales $479.9M (+2%).
Acquired Bison Gear & Engineering (~$80M annual sales); adds motion control to EMG.

item 2.02 item 8.01 item 9.01

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 first quarter ended March 31, 2023 results: revenue $1.60 billion, EPS $1.32. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $1.60 billion
EPS: $1.32
Guidance: raised
Result: reported results

Exact text from the filing

AMETEK's first quarter 2023 sales were $1.60 billion, a 10% increase over the first quarter of 2022, with organic sales growth of 9%.

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

AMETEK INC/ filing history →

Source: SEC EDGAR

accession 0001037868-23-000030

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