Ametek (AME) Tops Q4 EPS by 5c, Offers Q1 and FY Guidance
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AMETEK Announces Fourth Quarter and Full Year Results
February 4, 2021 6:55 AM ESTBERWYN, Pa., Feb. 4, 2021 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the fourth quarter and full year ended December 31, 2020.
AMETEK's fourth quarter 2020 sales were $1.20 billion, an 8% decline compared to the fourth quarter of 2019. Operating income in the quarter was $298.1 million, up slightly versus last year's fourth quarter and operating margins were a record 24.9%, up 210 basis points over the same period last year.
On a GAAP basis, fourth quarter earnings per diluted share were $0.95. Adjusted earnings in the quarter were $1.08 per diluted share, equal to the fourth quarter of 2019.... More
