AMETEK posts record Q1 sales $1.74B, adj EPS $1.64, raises FY2024 guidance

AMETEK INC/

2024-Q1 EPS reported $1.34 revenue$1,736,180,000

Record Q1 sales $1.74B (+9% YoY); adjusted EPS $1.64 (+10% YoY).
Adjusted operating income record $446.4M (25.7% margins, +30bps).
EIG sales $1.16B (+4%), operating margin 30.5% (+280bps); EMG sales $579.4M (+21%).
Raised FY2024 adj EPS guidance to $6.74-$6.86 (prev $6.70-$6.85); Q2 adj EPS $1.63-$1.65.
Operating cash flow $410M; free cash flow conversion 123%.

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 0.95

AMETEK INC/ reported the first quarter ended March 31, 2024 results: revenue $1.74 billion, EPS $1.34. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: $1.74 billion
EPS: $1.34
Guidance: raised
Result: reported results

Exact text from the filing

AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2024. AMETEK’s first quarter 2024 sales were a record $1.74 billion

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Source: SEC EDGAR

accession 0001037868-24-000028

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