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Dec 31, 2024
AMETEK Q4 2024 Earnings Report
AMETEK reported record fourth quarter and full year results, driven by strong operating performance and core margin expansion.
Key Takeaways
AMETEK announced record fourth-quarter results with sales of $1.76 billion, a 2% increase over the fourth quarter of 2023. Operating income increased 5% to a record $469.0 million, and adjusted earnings were a record $1.87 per diluted share, up 11% from the fourth quarter of 2023.
Record fourth-quarter sales of $1.76 billion, a 2% increase year-over-year.
Operating income increased 5% to a record $469.0 million with operating margins of 26.6%.
Record operating cash flow of $550.0 million and free cash flow of $498.3 million.
Adjusted earnings per diluted share were a record $1.87, up 11% year-over-year.
Revenue by Segment
Forward Guidance
For 2025, AMETEK expects overall sales to be up low single digits on a percentage basis compared to 2024. Adjusted earnings per diluted share are expected to be in the range of $7.02 to $7.18, an increase of 3% to 5% over the comparable basis for 2024. For the first quarter of 2025, overall sales are expected to be roughly flat compared to the same period last year. Adjusted earnings in the quarter are anticipated to be in the range of $1.67 to $1.69 per share, up 2% to 3% compared to the first quarter of 2024.
Positive Outlook
- Overall sales are expected to be up low single digits on a percentage basis compared to 2024.
- Adjusted earnings per diluted share are expected to be in the range of $7.02 to $7.18 for 2025.
- Adjusted earnings per diluted share are expected to increase of 3% to 5% over the comparable basis for 2024.
- For the first quarter of 2025, overall sales are expected to be roughly flat compared to the same period last year.
- Adjusted earnings in the quarter are anticipated to be in the range of $1.67 to $1.69 per share.
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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