earnings
confidence high
sentiment positive
materiality 0.85
AMETEK Q3 adj EPS $1.66 (+1% YoY), raises FY guidance; acquires Virtek Vision
AMETEK INC/
2024-Q3 EPS reported
$4.26
revenue$5,179,578,000
- Q3 sales $1.71B (+5% YoY); operating income $445.9M, margins 26.1%.
- GAAP EPS $1.47; adjusted EPS $1.66 (ex-$0.20 amortization).
- 2024 adj EPS guidance raised to $6.77-$6.82 from $6.70-$6.80; Q4 guided $1.81-$1.86.
- Operating cash flow $487.2M (+3%); free cash flow conversion 135%.
- Acquired Virtek Vision International (~$40M annual sales) to expand EIG's 3D inspection capabilities.