Ametek (AME) Tops Q1 EPS by 6c, Offers Guidance

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Go back to Ametek (AME) Tops Q1 EPS by 6c, Offers Guidance

AMETEK Announces First Quarter Results

May 3, 2022 6:55 AM EDT

BERWYN, Pa., May 3, 2022 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2022.

AMETEK's first quarter 2022 sales were $1.46 billion, a 20% increase compared to the first quarter of 2021. Operating income increased 20% to $353.2 million and operating margins were 24.2% in the quarter with strong core margin expansion.

On a GAAP basis, first quarter earnings per diluted share were $1.17. Adjusted earnings in the quarter were $1.33 per diluted share, up 24% from the first quarter of 2021. Adjusted earnings adds back... More