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BERWYN, Pennsylvania - On Thursday, Ametek, Inc. (NYSE:AME) reported third-quarter results that exceeded analyst expectations and raised its full-year guidance.
The industrial technology provider’s shares rose 3.15% in pre-market trading after the release.
The company posted adjusted earnings of $1.89 per share for the third quarter, surpassing the analyst consensus of $1.76. Revenue reached $1.89 billion, an 11% increase from the same period last year and above analysts’ expectations of $1.81 billion. The strong performance was driven by double-digit growth in both sales and orders, along with 90 basis points of margin expansion excluding recent acquisitions.
"AMETEK delivered impressive results in the third quarter, highlighted by double digit growth in sales, orders and earnings per share," said David A. Zapico, AMETEK Chairman and Chief Executive Officer.
The Electronic Instruments Group (EIG) reported sales of $1.25 billion, up 10% YoY, while the Electromechanical Group (EMG) saw sales increase 13% to $646.3 million. EMG’s operating income surged 25% with margins expanding 250 basis points to 25.4%.
Looking ahead, Ametek raised its full-year 2025 adjusted earnings guidance to $7.32-$7.37 per share, up from its previous forecast of $7.06-$7.20 and above the analyst consensus of $7.18. For the fourth quarter, the company expects sales to increase approximately 10% YoY with adjusted earnings between $1.90 and $1.95 per share.
"AMETEK’s flexible operating structure, diverse and attractive end market exposures, and strong cash flows position us well for sustained success," added Zapico.
The company also noted progress with the integration of its recent FARO Technologies acquisition and expressed excitement about growth opportunities for its expanded metrology platform.
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