AMETEK Announces Record Second Quarter Results and Raises Full Year Guidance
AMETEK (NYSE: AME) reported strong second quarter 2025 results, achieving record sales of $1.78 billion, up 2.5% year-over-year. The company's operating income increased 3% to $461.6 million, with operating margins improving by 20 basis points to 26.0%.
The Electronic Instruments Group (EIG) posted sales of $1.16 billion with robust operating margins of 29.7%, while the Electromechanical Group (EMG) achieved record sales of $618.5 million, up 6% with operating income increasing 17%.
Following these results and the acquisition of FARO Technologies, AMETEK raised its full-year 2025 guidance, now expecting mid-single-digit sales growth and adjusted earnings per share of $7.06 to $7.20, representing 3-5% growth over 2024.
AMETEK (NYSE: AME) ha riportato risultati solidi per il secondo trimestre 2025, raggiungendo vendite record di 1,78 miliardi di dollari, in aumento del 2,5% rispetto all'anno precedente. L'utile operativo della societ脿 猫 cresciuto del 3%, raggiungendo 461,6 milioni di dollari, con un miglioramento dei margini operativi di 20 punti base al 26,0%.
Il Electronic Instruments Group (EIG) ha registrato vendite per 1,16 miliardi di dollari con solidi margini operativi del 29,7%, mentre l'Electromechanical Group (EMG) ha raggiunto vendite record di 618,5 milioni di dollari, in crescita del 6%, con un aumento del 17% dell'utile operativo.
In seguito a questi risultati e all'acquisizione di FARO Technologies, AMETEK ha rivisto al rialzo le previsioni per l'intero anno 2025, prevedendo ora una crescita delle vendite a una cifra media e un utile per azione rettificato compreso tra 7,06 e 7,20 dollari, che rappresenta una crescita del 3-5% rispetto al 2024.
AMETEK (NYSE: AME) report贸 s贸lidos resultados en el segundo trimestre de 2025, alcanzando ventas r茅cord de 1.78 mil millones de d贸lares, un aumento del 2.5% interanual. El ingreso operativo de la compa帽铆a creci贸 un 3% hasta 461.6 millones de d贸lares, con m谩rgenes operativos que mejoraron 20 puntos b谩sicos hasta el 26.0%.
El Electronic Instruments Group (EIG) registr贸 ventas por 1.16 mil millones de d贸lares con s贸lidos m谩rgenes operativos del 29.7%, mientras que el Electromechanical Group (EMG) alcanz贸 ventas r茅cord de 618.5 millones de d贸lares, un aumento del 6%, con un crecimiento del 17% en el ingreso operativo.
Tras estos resultados y la adquisici贸n de FARO Technologies, AMETEK elev贸 su pron贸stico para todo el a帽o 2025, esperando ahora un crecimiento de ventas de un d铆gito medio y ganancias ajustadas por acci贸n de 7.06 a 7.20 d贸lares, lo que representa un crecimiento del 3-5% respecto a 2024.
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Electronic Instruments Group(EIG)鞚� 11鞏� 6觳滊 雼煬鞚� 毵れ稖瓿� 29.7%鞚� 瓴碃頃� 鞓侅梾鞚挫澋毳犾潉 旮半頄堦碃, Electromechanical Group(EMG)鞚� 6鞏� 1,850毵� 雼煬鞚� 旮半鞝侅澑 毵れ稖鞚� 雼劚頃橂┌ 6% 歃濌皜頄堦碃, 鞓侅梾鞚挫澋鞚� 17% 歃濌皜頄堨姷雼堧嫟.
鞚措煬頃� 鞁れ爜瓿� FARO Technologies 鞚胳垬鞐� 頌橃瀰鞏� AMETEK電� 2025雲� 鞐瓣皠 臧�鞚措崢鞀るゼ 靸來枼 臁办爼頄堨溂氅�, 鞚挫牅 欷戧皠 頃� 鞛愲靾� 毵れ稖 靹膘灔瓿� 欤茧嫻 臁办爼 靾滌澊鞚� 7.06~7.20雼煬毳� 鞓堨儊頃橁碃 鞛堧姅雿�, 鞚措姅 2024雲� 雽�牍� 3~5% 靹膘灔頃� 靾橃箻鞛呺媹雼�.
AMETEK (NYSE : AME) a publi茅 de solides r茅sultats pour le deuxi猫me trimestre 2025, atteignant des ventes records de 1,78 milliard de dollars, en hausse de 2,5 % par rapport 脿 l'ann茅e pr茅c茅dente. Le r茅sultat op茅rationnel de l'entreprise a augment茅 de 3 % pour atteindre 461,6 millions de dollars, avec une am茅lioration des marges op茅rationnelles de 20 points de base 脿 26,0 %.
Le Electronic Instruments Group (EIG) a r茅alis茅 des ventes de 1,16 milliard de dollars avec des marges op茅rationnelles solides de 29,7 %, tandis que le Electromechanical Group (EMG) a atteint des ventes records de 618,5 millions de dollars, en hausse de 6 %, avec un r茅sultat op茅rationnel en hausse de 17 %.
Suite 脿 ces r茅sultats et 脿 l'acquisition de FARO Technologies, AMETEK a relev茅 ses pr茅visions pour l'ensemble de l'ann茅e 2025, pr茅voyant d茅sormais une croissance des ventes 脿 un chiffre moyen et un b茅n茅fice ajust茅 par action compris entre 7,06 et 7,20 dollars, ce qui repr茅sente une croissance de 3 脿 5 % par rapport 脿 2024.
AMETEK (NYSE: AME) meldete starke Ergebnisse f眉r das zweite Quartal 2025 und erzielte Rekordums盲tze von 1,78 Milliarden US-Dollar, was einem Anstieg von 2,5 % gegen眉ber dem Vorjahr entspricht. Das operative Ergebnis des Unternehmens stieg um 3 % auf 461,6 Millionen US-Dollar, wobei die operative Marge um 20 Basispunkte auf 26,0 % verbessert wurde.
Die Electronic Instruments Group (EIG) verzeichnete Ums盲tze von 1,16 Milliarden US-Dollar mit robusten operativen Margen von 29,7 %, w盲hrend die Electromechanical Group (EMG) Rekordums盲tze von 618,5 Millionen US-Dollar erzielte, ein Plus von 6 %, bei einem operativen Gewinnanstieg von 17 %.
Nach diesen Ergebnissen und der 脺bernahme von FARO Technologies hat AMETEK seine Prognose f眉r das Gesamtjahr 2025 angehoben und erwartet nun ein mittleres einstelligen Umsatzwachstum sowie einen bereinigten Gewinn je Aktie von 7,06 bis 7,20 US-Dollar, was einem Wachstum von 3-5 % gegen眉ber 2024 entspricht.
- Record Q2 sales of $1.78B, up 2.5% year-over-year
- Operating income increased 3% to $461.6M with margins up 20 basis points to 26.0%
- EMG segment achieved record sales with 17% operating income growth and 210 basis points margin expansion
- Raised full-year 2025 earnings guidance following strong results and FARO Technologies acquisition
- Strong cash generation and balance sheet supporting strategic acquisitions
- Customer uncertainty and slower decision-making due to global trade challenges
- Sluggish and uncertain economic environment impacting operations
- EIG segment showed modest 1% sales growth indicating potential market weakness
Insights
AMETEK delivered solid Q2 results with record sales and margins despite economic uncertainty, raising full-year guidance following FARO acquisition.
AMETEK's Q2 results demonstrate impressive operational execution amid challenging economic conditions. The company achieved record sales of
The segment performance reveals divergent market dynamics. The Electronic Instruments Group (EIG) delivered modest
Most notably, management has raised full-year guidance, now projecting mid-single-digit sales growth and adjusted EPS of
The company's asset-light business model continues to generate substantial cash flow, providing significant capital deployment flexibility. While management cited "sluggish and uncertain economic environment" and "global trade challenges," AMETEK's diversified market exposure and operational adaptability have enabled consistent margin expansion despite these headwinds. The explicit mention of a strong acquisition pipeline suggests further inorganic growth initiatives are likely in coming quarters.
AMETEK's second quarter 2025 sales were a record
On a GAAP basis, second quarter earnings per diluted share were
"I was pleased with our results in the quarter as we delivered record sales and EBITDA, strong earnings growth, and excellent core margin expansion against the backdrop of a sluggish and uncertain economic environment," commented David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Our flexible operating model and global footprint, along with the outstanding contributions from our colleagues, allowed us to react to changing market conditions and deliver excellent operating results."
Electronic Instruments Group (EIG)
EIG sales in the second quarter were
"EIG delivered solid performance in the quarter with strong operational execution," stated Mr. Zapico. "We continue to see customer uncertainty and slower decision making given the global trade challenges. Our pipeline of project activity remains strong across our diverse set of attractive markets."
Electromechanical Group (EMG)
EMG sales in the second quarter were a record
"EMG had an excellent quarter highlighted by strong organic sales and orders growth, record-level operating income and robust margin expansion. We are very pleased with EMG's execution and its ability to capitalize on improving demand across attractive end markets," commented Mr. Zapico.
2025 Outlook
"Our businesses delivered strong operating results in the quarter despite the impact of the on-going trade uncertainty. AMETEK's flexible and resilient operating structure positions us well to successfully manage through this uncertainty and deliver strong margin expansion and earnings growth," commented Mr. Zapico.
"Additionally, our strong cash generation and balance sheet provide us meaningful capital to deploy on strategic acquisitions and growth initiatives. We were pleased to recently announce the acquisition of FARO Technologies and welcome the team to AMETEK. Our acquisition pipeline remains strong as we continue to identify opportunities to acquire high quality businesses," noted Mr. Zapico.
"Given our results in the second quarter and the acquisition of FARO Technologies, we have raised our full year earnings guidance. For 2025, we now expect overall sales to be up mid-single digits compared to 2024. Adjusted earnings per diluted share are now expected to be in the range of
"For the third quarter of 2025, overall sales are expected to be up mid-single digits on a percentage basis compared to the same period last year. Adjusted earnings in the quarter are anticipated to be in the range of
Conference Call
AMETEK will webcast its second quarter 2025 investor conference call on Thursday, July 31,听2025, beginning at 8:30 AM ET. The live audio webcast will be available and later archived in the Investors section of .
About AMETEK
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annualized sales of approximately
Forward-looking Information
Statements in this news release relating to future events, such as AMETEK's expected business and financial performance, are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ materially from expectations. These factors and uncertainties include risks related to AMETEK's ability to consummate and successfully integrate future acquisitions; risks with international sales and operations, including supply chain disruptions, tariffs, trade disputes and currency conditions; AMETEK's ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the
Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
[email protected]
Phone: 610.889.5247
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AMETEK, Inc. Consolidated Statement of Income (In thousands, except per share amounts) (Unaudited) | |||||||
Three Months Ended | Six Months Ended | ||||||
2025 | 2024 | 2025 | 2024 | ||||
Net sales | $听听听听听 1,778,056 | $听听听听听 1,734,834 | $听听听听听 3,510,027 | $听听听听听 3,471,014 | |||
Cost of sales | 1,142,167 | 1,110,425 | 2,249,138 | 2,255,106 | |||
Selling, general and administrative | 174,263 | 176,895 | 344,434 | 351,178 | |||
听听听听 Total operating expenses | 1,316,430 | 1,287,320 | 2,593,572 | 2,606,284 | |||
Operating income | 461,626 | 447,514 | 916,455 | 864,730 | |||
Interest expense | (16,857) | (30,590) | (35,850) | (65,844) | |||
Other (expense) income, net | (2,600) | 86 | (4,214) | (547) | |||
Income before income taxes | 442,169 | 417,010 | 876,391 | 798,339 | |||
Provision for income taxes | 83,802 | 79,327 | 166,266 | 149,713 | |||
Net income | $听听听听听听听听 358,367 | $听听听听听听听听 337,683 | $听听听听听听听听 710,125 | $听听听听听听听听 648,626 | |||
Diluted earnings per share | $听听听听听听听听听听听听听听 1.55 | $听听听听听听听听听听听听听听 1.45 | $听听听听听听听听听听听听听听 3.07 | $听听听听听听听听听听听听听听 2.79 | |||
Basic earnings per share | $听听听听听听听听听听听听听听 1.55 | $听听听听听听听听听听听听听听 1.46 | $听听听听听听听听听听听听听听 3.08 | $听听听听听听听听听听听听听听 2.80 | |||
Weighted average common shares outstanding: | |||||||
听听听听 Diluted shares | 231,472 | 232,304 | 231,507 | 232,170 | |||
听听听听 Basic shares | 230,818 | 231,437 | 230,743 | 231,267 | |||
Dividends per share | $听听听听听听听听听听听听听听 0.31 | $听听听听听听听听听听听听听听 0.28 | $听听听听听听听听听听听听听听 0.62 | $听听听听听听听听听听听听听听 0.56 | |||
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AMETEK, Inc. Information by Business Segment (In thousands) (Unaudited) | |||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||
2025 | 2024 | 2025 | 2024 | ||||
Net sales: | |||||||
Electronic Instruments | $听听听听听 1,159,571 | $听听听听听 1,153,613 | $听听听听听 2,303,244 | $听听听听听 2,310,392 | |||
Electromechanical | 618,485 | 581,221 | 1,206,783 | 1,160,622 | |||
Consolidated net sales | $听听听听听 1,778,056 | $听听听听听 1,734,834 | $听听听听听 3,510,027 | $听听听听听 3,471,014 | |||
Operating income: | |||||||
Segment operating income: | |||||||
Electronic Instruments | $听听听听听听听听 344,428 | $听听听听听听听听 349,857 | $听听听听听听听听 698,478 | $听听听听听听听听 702,797 | |||
Electromechanical | 143,888 | 123,102 | 272,606 | 213,793 | |||
Total segment operating income | 488,316 | 472,959 | 971,084 | 916,590 | |||
Corporate administrative expenses | (26,690) | (25,445) | (54,629) | (51,860) | |||
Consolidated operating income | $听听听听听听听听 461,626 | $听听听听听听听听 447,514 | $听听听听听听听听 916,455 | $听听听听听听听听 864,730 | |||
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AMETEK, Inc. Condensed Consolidated Balance Sheet (In thousands) | |||
June 30, | December 31, | ||
2025 | 2024 | ||
(Unaudited) | |||
ASSETS | |||
Current assets: | |||
听听听听 Cash and cash equivalents | $听听听听听听听听 619,712 | $听听听听听听听听 373,999 | |
听听听听 Receivables, net | 1,020,967 | 948,830 | |
听听听听 Inventories, net | 1,110,502 | 1,021,713 | |
听听听听 Other current assets | 300,656 | 258,490 | |
听听听听听听听听听 Total current assets | 3,051,837 | 2,603,032 | |
Property, plant and equipment, net | 836,373 | 818,611 | |
Right of use asset, net | 245,691 | 235,666 | |
Goodwill | 6,723,879 | 6,555,877 | |
Other intangibles, investments and other assets | 4,408,766 | 4,417,983 | |
听听听听听听听听听 Total assets | $听听听 15,266,546 | $听听听 14,631,169 | |
LIABILITIES AND STOCKHOLDERS' EQUITY | |||
Current liabilities: | |||
听听听听 Short-term borrowings and current portion of long-term debt, net | $听听听听听听听听 407,651 | $听听听听听听听听 654,346 | |
听听听听 Accounts payable and accruals | 1,460,784 | 1,444,241 | |
听听听听听听听听听 Total current liabilities | 1,868,435 | 2,098,587 | |
Long-term debt, net | 1,534,347 | 1,425,375 | |
Deferred income taxes and other long-term liabilities | 1,475,092 | 1,451,903 | |
Stockholders' equity | 10,388,672 | 9,655,304 | |
听听听听听听听听听 Total liabilities and stockholders' equity | $听听听 15,266,546 | $听听听 14,631,169 | |
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AMETEK, Inc. | ||||||
Reconciliations of GAAP to Non-GAAP Financial Measures | ||||||
(Unaudited) | ||||||
Three Months Ended | ||||||
June 30, | ||||||
2025 | 2024 | |||||
Diluted earnings per share (GAAP) | $听听听听听听听听听听听 1.55 | $听听听听听听听听听听听 1.45 | ||||
Pretax amortization of acquisition-related intangible assets | 0.31 | 0.27 | ||||
Income tax benefit on amortization of acquisition-related intangible assets | (0.08) | (0.06) | ||||
Adjusted Diluted earnings per share (Non-GAAP) | $听听听听听听听听听听听 1.78 | $听听听听听听听听听听听 1.66 | ||||
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Forecasted Diluted Earnings Per Share | |||||||
Three Months Ended | Year Ended | ||||||
September 30, 2025 | December 31, 2025 | ||||||
Low | High | Low | High | ||||
Diluted earnings per share (GAAP) | $听听听听听听听听听听听听 1.50 | $听听听听听听听听听听听听 1.54 | $听听听听听听听听听听听听 6.15 | $听听听听听听听听听听听听 6.29 | |||
Pretax amortization of acquisition-related intangible | 0.29 | 0.29 | 1.20 | 1.20 | |||
Income tax benefit on amortization of acquisition- | (0.07) | (0.07) | (0.29) | (0.29) | |||
Adjusted Diluted earnings per share (Non-GAAP) | $听听听听听听听听听听听听 1.72 | $听听听听听听听听听听听听 1.76 | $听听听听听听听听听听听听 7.06 | $听听听听听听听听听听听听 7.20 | |||
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Use of Non-GAAP Financial Information
The Company supplements its consolidated financial statements presented on a U.S.听generally accepted accounting principles ("GAAP") basis with certain non-GAAP financial information to provide investors with greater insight, increased transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making.听 Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial tables. These non-GAAP financial measures should be considered in addition to, and not as a replacement for, or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.
The Company believes that these measures provide useful information to investors by reflecting additional ways of viewing AMETEK's operations that, when reconciled to the comparable GAAP measure, helps our investors to better understand the long-term profitability trends of our business, and facilitates easier comparisons of our profitability to prior and future periods and to our peers.
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FAQ
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