AMETEK Q3 2021 Earnings Report
Key Takeaways
AMETEK announced record third-quarter results with sales of $1.44 billion, a 28% increase over the third quarter of 2020. Operating income increased 25% to a record $337.6 million, and adjusted earnings were a record $1.26 per diluted share, up 25% versus the prior year.
Third quarter sales were a record $1.44 billion, a 28% increase over the third quarter of 2020.
Operating income increased 25% to a record $337.6 million.
Operating margins were 23.4% with strong core operating margin expansion.
Adjusted earnings were a record $1.26 per diluted share, up 25% versus the prior year.
AMETEK
AMETEK
AMETEK Revenue by Segment
Forward Guidance
The company is increasing its guidance for the year. For 2021, they now expect overall sales to be up in the low 20% range with organic sales up low double digits on a percentage basis versus 2020. Adjusted earnings per diluted share are expected to be in the range of $4.76 to $4.78, an increase of 21% over the prior year comparable basis.
Positive Outlook
- Overall sales in the fourth quarter are expected to be up in the low 20% range compared to the fourth quarter of 2020.
- Adjusted earnings per diluted share are anticipated to be in the range of $1.28 to $1.30, up 19% to 20% over the same period in 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income