Ametek (AME) Tops Q1 EPS by 6c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus, Affirms 2Q EPS View Above Consensus

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Go back to Ametek (AME) Tops Q1 EPS by 6c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus, Affirms 2Q EPS View Above Consensus

AMETEK Announces First Quarter Results and Raises 2021 Guidance

May 4, 2021 6:55 AM EDT

BERWYN, Pa., May 4, 2021 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2021.

AMETEK's first quarter 2021 sales were $1.22 billion, a 1% increase over the first quarter of 2020, with organic sales growth of 1%. Operating income increased 6% to $293.3 million, and operating margins were up 110 basis points to 24.1%, both versus the prior year's adjusted results.

On a GAAP basis, first quarter earnings per diluted share were $0.94. Adjusted earnings were $1.07 per diluted share, up 5% versus the prior year's adjusted results. Adjusted earnings adds back non-cash, after-tax, acquisition-related... More