secwatch.observer — SEC 8-K summary
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Issuer:     AMETEK INC/ (AME)
CIK:        0001037868
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001037868-24-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMETEK Q2 adjusted EPS $1.66 (+6% YoY); lowers FY2024 guidance citing inventory normalization
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- Q2 sales $1.73B (+5% YoY); GAAP EPS $1.45, adjusted EPS $1.66 (+6%).
- Record operating income $447.5M, margins 25.8% (+40 bps); operating cash flow $381.4M (+14%).
- EIG margins expanded 320 bps to 30.3%; EMG sales record $581.2M (+14%).
- FY2024 adjusted EPS guidance lowered to $6.70-$6.80 (up 5-7% from 2023).
- Q3 adjusted EPS guided $1.60-$1.62 (down 1-2% YoY) citing inventory normalization and project delays.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037868/000103786824000045/0001037868-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037868/000103786824000045/ame-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001037868-24-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer