Ametek (AME) Reports In-Line Q2 EPS, FY EPS Guidance Comes in Light
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AMETEK Announces Second Quarter 2016 Results
August 4, 2016 7:01 AM EDTBERWYN, Pa., Aug. 4, 2016 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the three month period ended June 30, 2016.Â
AMETEK reported second quarter 2016 sales of $977.7 million, down 3% from last year's second quarter. Operating income was $219.0 million and operating margins were 22.4% in the quarter. Diluted earnings per share declined 8% from last year's second quarter to $0.59 per diluted share. Â
"Our second quarter results were in-line with our expectations despite further market weakness," notes David A. Zapico, AMETEK Chief Executive Officer. "Our business teams continue to do a solid job managing through... More
