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Mar 31, 2022
AMETEK Q1 2022 Earnings Report
AMETEK had a strong start to the year, delivering results exceeding expectations.
Key Takeaways
AMETEK's first quarter 2022 sales were $1.46 billion, a 20% increase compared to the first quarter of 2021. Operating income increased 20% to $353.2 million. Adjusted earnings in the quarter were $1.33 per diluted share, up 24% from the first quarter of 2021.
Sales were $1.46 billion, a 20% increase compared to the first quarter of 2021.
Operating income increased 20% to $353.2 million.
Operating margins were 24.2% in the quarter.
Adjusted earnings were $1.33 per diluted share, up 24% from the first quarter of 2021.
Revenue by Segment
Forward Guidance
For 2022, we expect overall sales to be up high-single digits compared to 2021. Adjusted diluted earnings per share are now expected to be in the range of $5.34 to $5.44, an increase of 10% to 12% over the comparable basis for 2021. We expect overall sales in the second quarter to be up low to mid-single digits versus the prior year. Adjusted earnings per diluted share are anticipated to be in the range of $1.27 to $1.30, up 10% to 13% compared to the second quarter of 2021.
Positive Outlook
- Overall sales to be up high-single digits compared to 2021.
- Adjusted diluted earnings per share are now expected to be in the range of $5.34 to $5.44, an increase of 10% to 12% over the comparable basis for 2021.
- Overall sales in the second quarter to be up low to mid-single digits versus the prior year.
- Adjusted earnings per diluted share are anticipated to be in the range of $1.27 to $1.30.
- Adjusted earnings per diluted share are up 10% to 13% compared to the second quarter of 2021.
Challenges Ahead
- Uncertain environment including supply chain constraints
- Increased inflation
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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