AMETEK Announces First Quarter Results and Raises 2021 Guidance
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Ametek (AME) Tops Q1 EPS by 6c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus, Affirms 2Q EPS View Above Consensus
May 4, 2021 7:00 AM EDTAmetek (NYSE: AME) reported Q1 EPS of $1.07, $0.06 better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.17 billion.
"AMETEK performed exceptionally well in the first quarter," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "We were pleased with the return to organic sales growth earlier than anticipated, while order momentum remains very strong with a record level of orders and 9% organic orders growth in the quarter. Additionally, our businesses delivered outstanding operating performance with robust margin expansion."
"We continue to... More
