Ametek, Inc. (AME) Tops Q2 EPS by 2c; Raises Outlook

Ametek, Inc. (NYSE: AME) reported Q2 EPS of $0.61, $0.02 better than the analyst estimate of $0.59. Revenue for the quarter came in at $990.7 million versus the consensus estimate of $974 million.

Ametek, Inc. sees FY2014 EPS of $2.37-$2.42, versus prior guidance of $2.32-$2.37 and the consensus of $2.37.

"AMETEK achieved excellent results in the second quarter, delivering record operating performance. Strong organic growth, Operational Excellence initiatives, and contributions from acquired businesses allowed us to exceed our second quarter earnings expectations and raise our 2014 earnings guidance. In addition, we closed the acquisition of Zygo in the quarter," noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

"Cash flow was also very strong, with operating cash flow totaling $155.1 million for the quarter, an increase of 21% over the same period of 2013," continued Mr. Hermance.

For the six months ended June 30, 2014, AMETEK sales increased 12% to

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

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