AMETEK Q4 2021 Earnings Report
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.
AMETEK
AMETEK
AMETEK 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.
- Risks related to COVID-19 and its potential impact on AMETEK’s operations.
- Supply chain disruptions.
- General economic conditions affecting the industries AMETEK serves.
Revenue & Expenses
Visualization of income flow from segment revenue to net income