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Jun 30, 2022
AMETEK Q2 2022 Earnings Report
Delivered record results with strong organic sales growth and impressive operating performance.
Key Takeaways
AMETEK announced record second-quarter results, with sales of $1.51 billion, a 9% increase over the second quarter of 2021. Operating income increased 15% to a record $364.8 million, and adjusted earnings per share were a record $1.38, up 20% from the second quarter of 2021. Given this performance, the company is raising its earnings guidance for the full year.
Record sales of $1.51 billion, up 9% year-over-year.
Operating income increased 15% to a record $364.8 million.
Operating margins were 24.1%, up 130 basis points from Q2 2021.
Adjusted earnings per share were a record $1.38, up 20% year-over-year.
AMETEK
AMETEK
AMETEK Revenue by Segment
Revenue by Segment
Electronic Instruments Revenue
CapyFin.comElectromechanical Revenue
CapyFin.com Forward Guidance
For 2022, AMETEK expects 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 $5.46 to $5.54, an increase of 13% to 14% over the comparable basis for 2021. We expect overall sales in the third quarter to be up mid-single digits versus the prior year. Third quarter adjusted earnings per diluted share are anticipated to be in the range of $1.36 to $1.38, up 8% to 10% compared to the third 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 $5.46 to $5.54, an increase of 13% to 14% over the comparable basis for 2021.
- Overall sales in the third quarter to be up mid-single digits versus the prior year.
- Third quarter adjusted earnings per diluted share are anticipated to be in the range of $1.36 to $1.38.
- Third quarter adjusted earnings per diluted share are up 8% to 10% compared to the third quarter of 2021
Revenue & Expenses
Visualization of income flow from segment revenue to net income