The company said record sales for Q1 2024 were $1.74 billion, up 9% from Q1 2023, with GAAP diluted earnings per share of $1.34 and adjusted diluted earnings per share of $1.64.

1. 01

   The company said record sales for Q1 2024 were $1.74 billion, up 9% from Q1 2023, with GAAP diluted earnings per share of $1.34 and adjusted diluted earnings per share of $1.64.

2. 02

   The company said GAAP operating income for Q1 was $417.2 million, or 24.0% of sales. Excluding $29.2 million in integration costs related to the Paragon Medical acquisition, adjusted operating income was $446.4 million, with an adjusted operating margin of 25.7%.

3. 03

   AMETEK said Electronic Instruments Group sales for Q1 were $1.16 billion, up 4%, and operating income was $352.9 million, up 14%. Electromechanical Group sales were $579.4 million, up 21%, and its GAAP operating income was $90.7 million.

4. 04

   The company set its full-year 2024 adjusted diluted earnings per share outlook at $6.74 to $6.86, a range it said was raised from its previous outlook of $6.70 to $6.85. It said adjusted earnings per share for Q2 are expected to be $1.63 to $1.65.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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