Loading...
•
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.
AMETEK
AMETEK
AMETEK Revenue by Segment
Revenue by Segment
Electronic Instruments Revenue
CapyFin.comElectromechanical Revenue
CapyFin.com 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
- Impacts of COVID-19 lockdowns in China
- Risks related to COVID-19 and its potential impact on AMETEK’s operations, supply chain, and demand across key end markets
- General economic conditions affecting the industries we serve
Revenue & Expenses
Visualization of income flow from segment revenue to net income