AMETEK Q2 record sales $1.65B, EPS $1.57 adj; raises FY23 guidance to $6.18-6.26

AMETEK INC/

2023-Q2 EPS reported $2.72 revenue$3,243,228,000

Sales $1.65B (+9% YoY); organic +5%; operating income $418.8M (+15%); margins 25.4% (record).
GAAP EPS $1.40; adjusted EPS $1.57 (+14%); operating cash flow $335M (+42% YoY).
EIG sales $1.13B (+10%); EMG sales $511.5M (+5%); both with margin expansion.
FY23 adj. EPS guidance raised to $6.18-$6.26 from $5.96-$6.10; Q3 adj. EPS $1.56-$1.58.
Positive book-to-bill; record backlog; strong demand across diverse end markets.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AMETEK INC/ updated its the second quarter ended June 30, 2023 guidance (raised).

Period: the second quarter ended June 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On August 1, 2023, AMETEK, Inc. (the “Company”) issued a press release announcing its financial results for the three and six months ended June 30, 2023.

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AMETEK INC/ filing history →

Source: SEC EDGAR

accession 0001037868-23-000047

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