Ametek (NYSE: AME) reported Q4 EPS of $1.48, $0.08 better than the analyst estimate of $1.63. Revenue for the quarter came in at $1.73 billion versus the consensus estimate of $1.73 billion.

2024 Outlook
\"AMETEK\'s businesses delivered exceptional results in the fourth quarter and for the full year. The strength of the AMETEK Growth Model, alongside the outstanding contributions of our colleagues, allowed us to deliver strong, high-quality growth. The strength of our niche businesses, diverse market exposures, record backlog and robust operating capabilities position us for sustained growth. With a flexible balance sheet and strong cash flows, we are well positioned to invest in our organic growth initiatives and pursue strategic acquisitions to drive long-term value creation,\" noted Mr. Zapico.

\"For 2024, we expect overall sales to be up low double digits on a percentage basis compared to 2023. Adjusted earnings per diluted share are expected to be in the range of $6.70 to $6.85, an increase of 5% to 7% over the comparable basis for 2023,\" he added.

\"For the first quarter of 2024, overall sales are expected to be up low double digits on a percentage basis compared to the same period last year. Adjusted earnings in the quarter are anticipated to be in the range of $1.56 to $1.60 per share, up 5% to 7% compared to the first quarter of 2023,\" concluded Mr. Zapico.

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