NYSE$AME
AMETEK Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Delivered record results with strong organic sales growth and impressive operating performance.
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.
Headline financials
Revenue & EPS history
AMETEK · Revenue · Quarterly
$1.51B
Revenue by segment
AMETEK · $1.51B total across 2 segments · Q2 2022
- Electronic Instruments$1.03B+10.1%67.9%
- Electromechanical$486M+7.5%32.1%
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.
Tailwinds
- 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
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.4%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+3.8%
Avg return
30 days after
66%
48 / 73 earnings
Positive
+8.3%
Q3 2018
Best reaction
-12.0%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.2% | +2.9% | -0.8% | |
| Q4 2025 | -2.2% | +1.8% | -0.4% | |
| Q3 2025 | +7.6% | +7.5% | +7.4% | |
| Q2 2025 | +4.6% | +4.6% | +4.5% | |
| Q1 2025 | -1.4% | -1.0% | +5.4% | |
| Q4 2024 | -2.0% | +0.2% | +0.0% | |
| Q3 2024 | +5.6% | +7.8% | +15.1% | |
| Q2 2024 | -12.0% | -9.5% | -1.4% | |
| Q1 2024 | -4.3% | -2.5% | -2.5% | |
| Q4 2023 | -0.2% | +0.9% | +8.7% | |
| Q3 2023 | +1.6% | +2.6% | +10.8% | |
| Q2 2023 | +0.1% | -1.3% | +0.6% | |
| Q1 2023 | +3.8% | +4.1% | +5.5% | |
| Q4 2022 | +0.8% | +1.1% | -0.8% | |
| Q3 2022 | +0.3% | +4.3% | +10.5% | |
| Q2 2022 | +3.2% | +3.2% | -1.6% | |
| Q1 2022 | +0.6% | -2.5% | -2.5% | |
| Q4 2021 | -3.8% | -3.1% | -6.3% | |
| Q3 2021 | +5.2% | +5.1% | +3.6% | |
| Q2 2021 | -1.1% | -1.0% | -1.8% | |
| Q1 2021 | +1.9% | +2.2% | +1.9% | |
| Q4 2020 | +0.4% | +3.8% | +4.9% | |
| Q3 2020 | +0.0% | +7.2% | +22.0% | |
| Q2 2020 | +1.5% | +3.0% | +5.2% | |
| Q1 2020 | +2.6% | +5.8% | +18.3% | |
| Q4 2019 | -0.4% | -0.5% | -10.7% | |
| Q3 2019 | +3.2% | +5.4% | +8.4% | |
| Q2 2019 | +1.2% | -2.3% | -2.8% | |
| Q1 2019 | -1.3% | -1.9% | -7.1% | |
| Q4 2018 | +1.2% | +2.8% | +7.1% | |
| Q3 2018 | +8.3% | +11.3% | +9.5% | |
| Q2 2018 | +1.0% | +0.7% | +0.5% | |
| Q1 2018 | +1.1% | +5.1% | +7.1% | |
| Q4 2017 | +1.2% | -2.1% | -2.3% | |
| Q3 2017 | +0.6% | +1.9% | +7.2% | |
| Q2 2017 | +4.5% | +4.2% | +2.6% | |
| Q1 2017 | +4.0% | +4.5% | +6.8% | |
| Q4 2016 | +1.3% | +3.6% | +4.1% | |
| Q3 2016 | +0.0% | +0.7% | +12.0% | |
| Q2 2016 | -1.4% | +1.1% | +4.9% | |
| Q1 2016 | -8.1% | — | — | |
| Q4 2015 | -4.1% | — | — | |
| Q3 2015 | -3.7% | — | — | |
| Q2 2015 | +1.8% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q2 2014 | +3.5% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q3 2013 | +3.3% | — | — | |
| Q2 2013 | -3.0% | — | — | |
| Q1 2013 | -1.5% | — | — | |
| Q4 2012 | +3.5% | — | — | |
| Q3 2012 | +3.9% | — | — | |
| Q2 2012 | -6.7% | — | — | |
| Q1 2012 | +2.9% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q3 2011 | +4.0% | — | — | |
| Q2 2011 | -9.4% | — | — | |
| Q1 2011 | +3.0% | — | — | |
| Q4 2010 | +1.8% | — | — | |
| Q3 2010 | +2.8% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q1 2009 | -5.3% | — | — | |
| Q1 2010 | +0.9% | — | — | |
| Q4 2009 | +2.2% | — | — | |
| Q4 2007 | +2.2% | — | — | |
| Q3 2009 | +2.9% | — | — | |
| Q3 2008 | +2.9% | — | — | |
| Q2 2009 | -2.9% | — | — | |
| Q2 2008 | -2.9% | — | — | |
| Q4 2008 | -2.9% | — | — |
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