Ametek (AME) Tops Q4 EPS by 3c, Offers Outlook

Ametek (NYSE: AME) reported Q4 EPS of $0.70, $0.03 better than the analyst estimate of $0.67. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.09 billion.

2018 Outlook

"We are very well positioned as we enter 2018. Our businesses are operating at a very high level across their attractive niche market segments and we continue to make investments in these businesses to better position AMETEK for long-term organic growth. Our strong cash flows, robust balance sheet and proven ability to deploy capital on value enhancing acquisitions give us confidence entering the year," commented Mr. Zapico.

"In 2018, we expect overall sales to increase approximately 7% to 9%, driven by contributions from recent acquisitions and 3% to 5% organic sales growth. Diluted earnings per share for 2018 are estimated to be in the range of $2.95 to $3.05, up 13% to 17% compared to the adjusted results of 2017," he added.

"Sales in the first quarter of 2018, are expected to be up low-double digits on a percentage basis compared to the first quarter of 2017. We anticipate first quarter 2018 earnings per diluted share to be in the range of $0.70 to $0.72, an increase of 17% to 20% over the first quarter of 2017 results," concluded Mr. Zapico.

(Street sees FY EPS of $2.90 and Q1 EPS of $0.70)

For earnings history and earnings-related data on Ametek (AME) click here.

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