Ametek (AME) Tops Q1 EPS by 4c, Revenues Beat; Raises FY19 EPS Views, Affirms Q2 EPS Outlook

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Go back to Ametek (AME) Tops Q1 EPS by 4c, Revenues Beat; Raises FY19 EPS Views, Affirms Q2 EPS Outlook

AMETEK Announces First Quarter Results and Raises 2019 Guidance

May 1, 2019 6:55 AM EDT

BERWYN, Pa., May 1, 2019 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2019.

AMETEK's first quarter 2019 sales were a record $1.29 billion, up 10% compared to the first quarter of 2018, with organic sales growth of 5%. Operating income increased 10% over the prior-year period to a record $283.3 million, and operating income margins were 22.0%.

On a GAAP basis, first quarter earnings per diluted share were $0.89. Adjusted earnings, which adds back non-cash, after-tax, acquisition-related intangible amortization, were $1.00 per diluted share, an increase of 15% over the prior year's... More