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Dec 31, 2021
AMETEK Q4 2021 Earnings Report
AMETEK reported record results, driven by strong organic sales growth and excellent operating performance.
Key Takeaways
AMETEK announced record fourth quarter and full year results. Q4 sales were $1.50 billion, a 25% increase compared to the fourth quarter of 2020. Adjusted earnings in the quarter were a record $1.37 per diluted share, up 27% from the fourth quarter of 2020.
Record fourth quarter sales of $1.50 billion, up 25% year-over-year.
Operating income was a record $361.2 million, up 21% versus last year’s fourth quarter.
Adjusted earnings per diluted share were a record $1.37, up 27% from the fourth quarter of 2020.
End demand remains strong across diverse end markets, resulting in robust orders growth and a record backlog.
Revenue by Segment
Forward Guidance
For 2022, AMETEK expects overall sales to be up approximately 10% compared to 2021. Adjusted earnings per diluted share are expected to be in the range of $5.30 to $5.42, an increase of 9% to 12% over the comparable basis for 2021. For the first quarter of 2022, overall sales are expected to be up approximately 20% compared to the same period last year. Adjusted earnings in the quarter are anticipated to be in the range of $1.24 to $1.28 per share, up 16% to 20%.
Positive Outlook
- Overall sales are expected to be up approximately 10% compared to 2021.
- Adjusted earnings per diluted share are expected to be in the range of $5.30 to $5.42.
- Overall sales are expected to be up approximately 20% compared to the same period last year for Q1 2022.
- Adjusted earnings in the quarter are anticipated to be in the range of $1.24 to $1.28 per share for Q1 2022.
- Businesses are operating at a very high level and demand remains strong across niche markets.
Challenges Ahead
- Supply chain remains challenging.
- Uncertain operating environment.
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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