Ametek: Q1 Earnings Snapshot

BERWYN, Pa. (AP) — BERWYN, Pa. (AP) — Ametek Inc. (AME) on Thursday reported first-quarter net income of $310.9 million.

On a per-share basis, the Berwyn, Pennsylvania-based company said it had profit of $1.34. Earnings, adjusted for non-recurring costs, were $1.64 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.

The maker of electronic instruments and electromechanical devices posted revenue of $1.74 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.78 billion.

For the current quarter ending in June, Ametek expects its per-share earnings to range from $1.63 to $1.65.

The company expects full-year earnings in the range of $6.74 to $6.86 per share.

Ametek shares have risen 5.5% since the beginning of the year, while the S&P’s 500 index has climbed 5%. The stock has risen 25% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AME at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up