AMETEK Q1 2020 Earnings Report
Key Takeaways
AMETEK reported a sales decline of 6.6% compared to Q1 2019, with sales of $1.20 billion. Despite the sales dip, the company expanded adjusted operating margins by 100 basis points and delivered earnings in line with expectations. Strong operating cash flow was reported at $271 million, up 38% year-over-year.
First quarter sales were $1.20 billion, a 6.6% decrease compared to Q1 2019.
Adjusted earnings per diluted share were $1.02, a 2% increase year-over-year.
Adjusted operating margins expanded 100 basis points to 23.0%.
Operating cash flow was $271 million, up 38% compared to the first quarter of 2019.
AMETEK
AMETEK
AMETEK Revenue by Segment
Forward Guidance
Due to the uncertainty related to the COVID-19 pandemic, AMETEK has withdrawn its full-year financial guidance and will provide forward guidance when visibility improves.
Revenue & Expenses
Visualization of income flow from segment revenue to net income