Ametek (AME) Reports In-Line Q1 EPS, FY Guidance Fall Short of Consensus

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Go back to Ametek (AME) Reports In-Line Q1 EPS, FY Guidance Fall Short of Consensus

AMETEK Announces First Quarter 2016 Results

April 28, 2016 7:01 AM EDT

BERWYN, Pa., April 28, 2016 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the three month period ended March 31, 2016. 

AMETEK's first quarter 2016 sales of $944.4 million were down 4% over the same period of 2015. Operating income was down 12% to $208.5 million and diluted earnings per share of $0.57 were down 10% from the first quarter 2015 adjusted results. Operating margins were 22.1% in the quarter.      

"As expected, demand remained weak in the quarter," said Chairman and Chief Executive Officer Frank S. Hermance. "Ongoing softness in oil and gas, metals and global industrial markets continues to... More