AMETEK reports record Q4 sales $1.73B, adjusted EPS $1.68 (+11% YoY); guides 2024 adj EPS $6.70-$6.85

AMETEK INC/

2023-FY EPS reported $5.67 revenue$6,596,950,000

Q4 sales $1.73B (+6.5% YoY), operating income $445M (+12%), operating margins 25.7% (+120bps).
Q4 adjusted EPS $1.68 (+11% YoY); GAAP EPS $1.48; operating cash flow record $540.7M (+40%).
Full year 2023 sales $6.60B (+7%), adjusted EPS $6.38 (+12%) vs $5.68 prior year; margins 25.9% (+150bps).
EIG segment: sales $1.24B (+7%), operating margins 29.0% (+250bps); EMG: sales $494.7M (+6%), margins 22.7%.
2024 outlook: adjusted EPS $6.70-$6.85 (+5-7%), sales up low double digits; Q1 adj EPS $1.56-$1.60 (+5-7%).

item 2.02 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 the fourth quarter ended December 31, 2023 results: revenue $1.73 billion, EPS $1.68 per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $1.73 billion
EPS: $1.68 per diluted share
Result: reported results

Exact text from the filing

AMETEK’s fourth quarter 2023 sales were a record $1.73 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMETEK INC/ reported the year ended December 31, 2023 results: revenue $6.60 billion, EPS $6.38 per share.

Period: the year ended December 31, 2023
Revenue: $6.60 billion
EPS: $6.38 per share
Result: reported results

Exact text from the filing

For the full year, AMETEK’s sales were a record $6.60 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMETEK INC/ reported 2024 results: EPS $6.70 to $6.85. Guidance initiated.

Period: 2024
EPS: $6.70 to $6.85
Guidance: initiated
Result: guidance update

Exact text from the filing

Adjusted earnings per diluted share are expected to be in the range of $6.70 to $6.85

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

AMETEK INC/ filing history →

Source: SEC EDGAR

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