Ametek (AME) Tops Q3 EPS by 8c
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AMETEK Announces Record Third Quarter Results and Raises 2021 Guidance
November 2, 2021 6:55 AM EDTBERWYN, Pa., Nov. 2, 2021 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the third quarter ended September 30, 2021.
AMETEK's third quarter 2021 sales were a record $1.44 billion, a 28% increase over the third quarter of 2020, with organic sales growth of 17%. Operating income increased 25% to a record $337.6 million and operating margins were 23.4% with strong core operating margin expansion. Â
On a GAAP basis, third quarter earnings per diluted share were $1.10. Adjusted earnings were a record $1.26 per diluted share, up 25% versus the prior year's adjusted results. Adjusted earnings adds back non-cash, after-tax, acquisition-related... More
