AMETEK, Inc. Earnings Recaps
AMETEK’s Q2 performance and outlook exceeded expectations, driving a 4.5% stock gain as the company reported record sales, strong margin expansion, and broad-based orders growth that underpinned its raised full-year guidance.
Key takeaways
- Q2 sales hit a record $2.04 billion, up 15% YoY, with 10% organic growth and a 5% contribution from acquisitions.
- Orders surged 28% overall (25% organic), creating a record backlog of $4.11 billion, reflecting sustained strong demand across all divisions.
- Operating income rose 18% to $544 million, with core margins expanding 110 basis points to 27.1%.
- Free cash flow grew 37% to $452 million, converting at 111% of net income, indicative of disciplined working capital management.
- Both Electronic Instruments Group and Electromechanical Group posted substantial sales and margin improvements, with EMG core margins up 290 basis points to 26.2%.
AMETEK’s Q1 2026 results were generally in line with market expectations, as reflected in the modest +1.1% share price reaction post-earnings. Management highlighted broad-based double-digit sales and order growth, improved margins, and an upward revision to full-year guidance.
Key takeaways
- Sales rose 11% year-over-year to $1.93 billion, with 5% organic growth and acquisitions contributing another 5 points.
- Orders reached a record $2.2 billion, up 23% versus the prior year; organic orders advanced 22%, driving backlog to $3.87 billion.
- Diluted EPS was $1.97, up 13% year-over-year and above the prior $1.85–$1.90 guidance range.
- Both operating and EBITDA margins expanded, with core operating margin up 160 bps to 27.9% and EBITDA margin at 32.1%.
- Management raised full-year guidance and announced an agreement to acquire First Aviation Services to expand defense aftermarket operations.
AMETEK reported robust third-quarter results for 2025, achieving record sales of $1.89 billion and a notable 14% increase in earnings per diluted share, driven by strong organic growth and impressive margin expansion.
Key takeaways
- Record sales increased by 11% year-over-year, with organic sales contributing a solid 4%.
- Operating income reached a record $496 million, reflecting a margin expansion of 90 basis points.
- Order growth surged 13% to a record $1.97 billion, resulting in a backlog of $3.54 billion.
- The Electromechanical Group saw a 13% rise in sales and a 25% increase in operating income, showcasing significant operational strength.
- AMETEK plans to deploy an additional $90 million towards organic growth initiatives, underscoring its commitment to innovation and strategic acquisitions.
AMETEK reported a strong second quarter in 2025, achieving record sales and EBITDA, alongside improved margins and an upward revision of its full-year guidance following the FARO Technologies acquisition.
Key takeaways
- Second quarter sales reached a record $1.78 billion, up 2.5% year-over-year, with EBITDA at an all-time high of $565 million and EBITDA margins of 31.8%.
- Operating income increased 3% to $462 million, resulting in earnings per diluted share of $1.78, a 7% growth compared to the same quarter last year.
- Core margin improvements across business segments, particularly in the Electromechanical Group, which saw operating margins rise by 210 basis points to 23.3%.
- The recent acquisition of FARO Technologies enhances AMETEK's offerings in the fast-growing digital reality market, aiming for further margin expansion through integration.
- Continued commitment to invest $85 million in strategic growth initiatives to drive innovation and support long-term sustainable growth.