NYSE$AME

AMETEK Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

AMETEK reported record fourth quarter and full year results, driven by strong operating performance and core margin expansion.

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.

Headline financials

Total Revenue

$1.76B

Previous: $1.73B+1.8%
EPS (adj)

$1.87

Previous: $1.68+11.3%
Capital Expenditures

-$51.7M

Previous: $59.7M-186.6%
Net Income

$387M

Previous: $343M+12.9%
Operating Income

$469M

Previous: $445M+5.4%
Gross Profit

$645M

Previous: $615M+4.8%

Revenue & EPS history

AMETEK · Revenue · Quarterly

$1.76B

Q4 2024+1.8%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

AMETEK · $1.62B total across 2 segments · Q3 2023

  • Electronic Instruments
    $1.14B+7.8%
  • Electromechanical
    $487M-2.2%

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.

Tailwinds

  • 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.

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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