AMETEK, Inc.'s Stock Analysis

AMETEK Reports Record Sales and Increases Earnings Guidance

AMETEK, Inc. reported record sales of $1.78 billion for the second quarter of 2025, marking a 2.5% increase compared to the same period in 2024. Operating income rose 3% to $461.6 million, with operating margins improving to 26.0%. Earnings per diluted share were $1.55 on a GAAP basis, while adjusted earnings increased by 7% to $1.78 per diluted share. The Electronic Instruments Group (EIG) generated sales of $1.16 billion, a 1% increase, while the Electromechanical Group (EMG) achieved record sales of $618.5 million, up 6% from the previous year.

Due to strong performance and the recent acquisition of FARO Technologies, AMETEK has raised its full year earnings guidance for 2025. The company now anticipates adjusted earnings per diluted share to be in the range of $7.06 to $7.20, reflecting a 3% to 5% increase from 2024. For the third quarter, sales are expected to grow in the mid-single digits, with adjusted earnings projected between $1.72 and $1.76 per diluted share, indicating a 4% to 6% increase compared to the same quarter in 2024.

Jul 31, 2025 10:56:00

AMETEK Completes $920 Million Acquisition of FARO Technologies

AMETEK, Inc. has finalized its acquisition of FARO Technologies, Inc. for $44.00 per share in cash, totaling approximately $920 million after accounting for cash acquired. The transaction received approval from FARO shareholders and all necessary regulatory bodies. Following the completion of the merger, FARO's common stock will no longer be traded on Nasdaq.

FARO Technologies specializes in 3D measurement and imaging solutions, which will enhance AMETEK's capabilities in precision measurement. With annual sales of around $340 million, FARO will become part of AMETEK's Ultra Precision Technologies Division within its Electronic Instruments Group. AMETEK reported annual sales of approximately $7.0 billion and aims for consistent growth in earnings per share and capital returns.

Jul 21, 2025 11:27:50

AMETEK to Acquire FARO Technologies for $44 Per Share

AMETEK, Inc. has announced its agreement to acquire FARO Technologies, Inc. for $44 per share in cash, which is about a 40% premium over FARO’s closing price on May 5, 2025. The total transaction values FARO at approximately $920 million and has been unanimously approved by the boards of directors of both companies. The acquisition is positioned to enhance AMETEK's Ultra Precision Technologies division and expand its presence in growth markets. FARO Technologies, known for its 3D measurement and imaging solutions, has annual sales of around $340 million.

The completion of the acquisition is subject to customary closing conditions, including regulatory approvals and the approval of FARO Technologies shareholders. The transaction is anticipated to close in the second half of 2025. AMETEK aims for double-digit percentage growth in earnings per share over the business cycle, and this acquisition is expected to provide opportunities for growth and margin expansion in its existing business portfolio.

May 08, 2025 13:38:53

AMETEK Reports First Quarter Sales and Earnings Results

AMETEK, Inc. announced its financial results for the first quarter of 2025, reporting sales of $1.73 billion, consistent with the same period in 2024. Operating income rose 2% to $454.8 million, with operating margins increasing to 26.3%. The company reported diluted earnings per share of $1.52 on a GAAP basis, while adjusted earnings per share were $1.75, reflecting a 7% increase year-over-year. Free cash flow conversion was noted at 112% for the quarter.

The Electronic Instruments Group (EIG) experienced a slight sales decline of 1% to $1.14 billion, but its operating income increased to $354.1 million. In contrast, the Electromechanical Group (EMG) achieved record sales of $588.3 million, up 2% from the prior year. EMG's operating income rose 7% to $128.7 million, with significant margin expansion. The company anticipates overall sales growth for the year to be in the low single digits compared to 2024 and adjusted earnings per diluted share expected between $7.02 and $7.18.

May 01, 2025 11:24:54

AMETEK Announces 11% Dividend Increase and $1.25 Billion Buyback

AMETEK, Inc. has approved an 11% increase in its quarterly cash dividend, raising it from $0.28 to $0.31 per share, effective March 31, 2025. This change will result in an annual dividend rate of $1.24 per share. Additionally, the company has authorized a new $1.25 billion share repurchase program, replacing the previous $1 billion authorization, of which about $590 million was still available. This indicates a commitment to returning value to shareholders through dividends and stock repurchases.

On the downside, while the company highlights its robust cash flows and long-term shareholder value strategies, there is no mention of specific challenges or risks that may impact its operations or financial performance. The focus remains on growth strategies and cash generation, but the lack of detailed information on potential obstacles could be viewed as a gap in transparency regarding the company's overall financial health.

Feb 10, 2025 15:38:13

AMETEK Reports $1.71 Billion in Third Quarter Sales

AMETEK, Inc. reported third quarter sales of $1.71 billion, marking a 5% increase compared to the same period last year. The company also saw a 2% rise in operating income to $445.9 million, with operating margins at 26.1%. Operating cash flow improved by 3% to $487.2 million, and free cash flow conversion reached 135%. Notably, adjusted earnings per diluted share rose by 1% to $1.66, benefiting from a non-cash amortization adjustment of $0.20 per share. The acquisition of Virtek Vision was highlighted as a strategic move for growth in metrology instrumentation. 

On the downside, while the Electronic Instruments Group (EIG) maintained stable sales of $1.13 billion, it only achieved a 1% increase in operating income. Conversely, the Electromechanical Group (EMG) reported an 18% sales increase but saw a modest 3% rise in operating income, indicating potential challenges in margin expansion despite strong order growth. Additionally, the company faced short-term macroeconomic uncertainties, which could affect future performance. Overall, while AMETEK's results exceeded expectations, there are concerns regarding the sustainability of growth amid these challenges.

Oct 31, 2024 11:19:01

AMETEK Reports Strong Q2 Growth Amid Market Challenges

AMETEK's Q2 2024 sales rose 5% to $1.73 billion, with operating income hitting a record $447.5 million. Adjusted earnings per share increased 6% to $1.66. The company generated strong cash flow, but expects ongoing inventory normalization and cautious customer spending to impact future sales and earnings. Despite these challenges, AMETEK remains confident in managing short-term headwinds and anticipates overall sales growth of 5-7% for 2024.

Aug 01, 2024 11:33:37

AMETEK Reports Record First Quarter Results and Raises 2024 Guidance

AMETEK, Inc. announces record sales and earnings in Q1 2024, with a 9% sales increase and adjusted earnings up 10% compared to Q1 2023. The company achieved record operating income and margins. The Electronic Instruments Group (EIG) and Electromechanical Group (EMG) both demonstrated strong performance. The CEO expressed satisfaction with the results and raised the 2024 guidance, expecting low double-digit sales growth and 6-8% increase in adjusted earnings per share. AMETEK's growth model and strategic positioning are highlighted for future success.

May 02, 2024 10:26:27

AMETEK Raises Quarterly Dividend by 12%

AMETEK, Inc. increased its quarterly cash dividend on common stock by 12% to $0.28 per share from $0.25 per share. The dividend is payable on March 28, 2024, to shareholders of record as of March 8, 2024. The company's CEO highlighted strong performance, cash flow generation, and operating results, emphasizing a focus on strategic acquisitions and long-term shareholder value.

Feb 09, 2024 12:42:21

AMETEK Reports Record Fourth Quarter and Full Year Results

AMETEK, Inc. (NYSE: AME) announced record sales, operating income, and operating margins for the fourth quarter and full year 2023. The company achieved robust margin expansion, impressive cash flow growth, and set annual records for sales, operating income, operating margin, and earnings per share. Both Electronic Instruments Group (EIG) and Electromechanical Group (EMG) delivered outstanding results. The 2024 outlook indicates expectations of low double-digit sales growth and a 5% to 7% increase in adjusted earnings per diluted share compared to 2023.

Feb 06, 2024 11:08:51