AMETEK said second-quarter sales rose to $1.73 billion from Q2 2023, up 5%. Operating income increased 7% to $447.5 million, and operating margin was 25.8%. Quarter: Q2 2024.

1. 01

   AMETEK said second-quarter sales rose to $1.73 billion from Q2 2023, up 5%. Operating income increased 7% to $447.5 million, and operating margin was 25.8%. Quarter: Q2 2024.

2. 02

   The company said GAAP diluted earnings per share for Q2 were $1.45 and adjusted diluted earnings per share were $1.66, up 6% from Q2 2023. The adjusted figure adds back $0.21 per diluted share of non-cash, after-tax amortization of acquisition-related intangibles.

3. 03

   AMETEK said Electronic Instruments Group sales for Q2 were $1.15 billion, up 2%, and operating income rose 14% to $349.9 million, with an operating margin of 30.3%. Electromechanical Group sales increased 14% to $581.2 million, and its operating income was $123.1 million, with an operating margin of 21.2%.

4. 04

   The company said it is adjusting its sales and earnings outlook. It now expects full-year 2024 sales to rise 5% to 7% from 2023, and adjusted diluted earnings per share of $6.70 to $6.80, including a lower tax rate in Q4. For Q3, it gave adjusted earnings per share guidance of $1.60 to $1.62.

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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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