Ametek (AME) Tops Q4 EPS by 2c, Revenues Beat; Offers FY19 EPS Outlook Above Consensus

Ametek (NYSE: AME) reported Q4 EPS of $0.86, $0.02 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.26 billion.

"Our businesses delivered outstanding performance in 2018, positioning us well for continued success in 2019. The AMETEK Growth Model, which combines our four growth strategies of operational excellence, new product development, global and market expansion, and strategic acquisitions, along with a disciplined focus on cash generation and capital deployment continues to provide a scalable platform to drive long-term, sustainable growth," noted Mr. Zapico.

"In 2019, we expect overall sales to be up high single digits on a percentage basis compared to 2018, driven by contributions from recent acquisitions, and 3% to 5% organic sales growth. On a GAAP basis, full year earnings per diluted share are expected to be in the range of $3.52 to $3.62. Adjusted earnings per diluted share are expected to be in the range of $3.95 to $4.05, an increase of 8% to 11% over the prior year's comparable basis," he added.

"For the first quarter of 2019, sales are expected to be up high single digits on a percentage basis compared to the prior-year. On a GAAP basis, earnings per diluted share are expected to be in the range of $0.84 to $0.86. Adjusted earnings per diluted share are anticipated to be in the range of $0.95 to $0.97, up 9% to 11% over the prior year comparable basis," concluded Mr. Zapico.

GUIDANCE:

Ametek sees FY2019 EPS of $3.95-$4.05, versus the consensus of $3.60.

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

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