NYSE$AME
AMETEK Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
AMETEK delivered strong Q3 2023 results, driven by exceptional operating performance, robust margin expansion, and strong cash flows.
AMETEK's Q3 2023 sales increased by 5% to $1.62 billion. Operating income rose by 14% to a record $438.1 million, with operating margins at a record 27.0%. GAAP earnings per diluted share were $1.47, while adjusted earnings per diluted share reached a record $1.64, up 13% from the previous year.
- Sales increased by 5% compared to Q3 2022.
- Operating income increased by 14% to a record $438.1 million.
- Operating margins were a record 27.0%, up 220 basis points from Q3 2022.
- Adjusted earnings per diluted share were a record $1.64, up 13% from Q3 2022.
Headline financials
Revenue & EPS history
AMETEK · Revenue · Quarterly
$1.62B
Revenue by segment
AMETEK · $1.62B total across 2 segments · Q3 2023
- Electronic Instruments$1.14B+7.8%70.0%
- Electromechanical$487M-2.2%30.0%
Forward guidance
AMETEK expects overall sales to be up mid-to-high single digits for 2023. Adjusted diluted earnings per share are now expected to be in the range of $6.31 to $6.33. For the fourth quarter, overall sales are expected to be up mid-single digits, with adjusted earnings per diluted share anticipated to be in the range of $1.61 to $1.63.
Tailwinds
- Overall sales expected to be up mid-to-high single digits for 2023.
- Adjusted diluted earnings per share are now expected to be in the range of $6.31 to $6.33.
- Overall sales in the fourth quarter are expected to be up mid-single digits.
- Fourth quarter adjusted earnings per diluted share are anticipated to be in the range of $1.61 to $1.63.
- Increase of approximately 11% over the comparable basis for 2022.
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 Q3 2023
+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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