US Market News
1月前
AMETEK Announces Record First Quarter 2026 Results and Raises Full Year GuidanceApril 30, 2026 6:55 AM
PR Newswire (US)
BERWYN, Pa., April 30, 2026 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2026.AMETEK's first quarter 2026 sales were $1.93 billion, an 11% increase over the first quarter of 2025. On a GAAP basis, first quarter earnings were a record $1.74 per diluted share. Adjusted earnings in the quarter were $1.97 per diluted share, up 13% from the first quarter of 2025. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization and integration costs of $0.23 per diluted share.GAAP operating income was $514.9 million. Adjusted operating income increased 14% to $516.6 million and operating margins were 26.8% in the quarter, up 50 basis points from the prior year. A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website."AMETEK had an excellent start to the year. Strong organic sales growth, contributions from recent acquisitions, and outstanding operating performance led to double-digit earnings growth, record EBITDA and robust core margin expansion of 160 basis points," stated David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Additionally, end market demand remains strong and broad based, with record orders up 23% in the quarter resulting in a record backlog." Electronic Instruments Group (EIG)
EIG sales in the first quarter were $1.26 billion, an increase of 11% over the same period in 2025. On a GAAP basis, EIG's first quarter operating income was $373.9 million. On an adjusted basis, EIG operating income was up 6% to $375.6 million. "EIG delivered strong results in the first quarter with outstanding, broad-based orders growth," commented Mr. Zapico. "Sales were also strong with double-digit growth driven by a combination of solid organic sales growth and contributions from recent acquisitions, and EIG's disciplined operating performance drove core margins up 40 basis points to 31.4%."Electromechanical Group (EMG)
EMG sales in the first quarter were a record $663.9 million, up 13% from the first quarter of 2025. EMG's first quarter operating income increased 33% to a record $170.8 million, and operating income margins were 25.7% in the quarter, up 380 basis points versus the prior year."EMG performed exceptionally well in the first quarter. Continued robust and broad-based organic sales growth resulted in outstanding profit growth and sizeable margin expansion," noted Mr. Zapico.Second Quarter and Full Year 2026 Outlook
"I am pleased with AMETEK's results in the first quarter. Our businesses are performing very well and delivering exceptional results. AMETEK remains well positioned given our record backlog, momentum across attractive markets, and the proven strength and durability of the AMETEK Growth Model. Additionally, our balance sheet and strong cash flows provide us with meaningful capital to deploy on strategic acquisitions," stated Mr. Zapico."For 2026, we now expect overall sales to be up high single digits compared to 2025. Adjusted earnings per diluted share are now expected to be in the range of $7.94 to $8.14, up 7% to 10% over the comparable basis for 2025. This is an increase from our prior guidance range of $7.87 to $8.07 per diluted share," he added. "For the second quarter of 2026, overall sales are expected to be up high single digits compared to the second quarter of 2025. Adjusted earnings in the quarter are anticipated to be in the range of $1.96 to $2.00 per share, up 10% to 12% compared to the second quarter of 2025," concluded Mr. Zapico.Conference Call
AMETEK will webcast its first quarter 2026 investor conference call on Thursday, April 30, 2026, beginning at 8:30 AM ET. The live audio webcast will be available and later archived in the Investors section of www.ametek.com.Corporate Profile
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.Forward-looking Information
Statements in this news release relating to future events, such as AMETEK's expected business and financial performance, are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ materially from expectations. These factors and uncertainties include risks related to AMETEK's ability to consummate and successfully integrate future acquisitions; risks with international sales and operations, including supply chain disruptions, tariffs, trade disputes and currency conditions; AMETEK's ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Forms 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610.889.5247 AMETEK, Inc.
Consolidated Statement of Income
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended
March 31,
2026
2025Net sales$ 1,928,437
$ 1,731,971
Cost of sales1,210,878
1,106,971Selling, general and administrative202,623
170,171 Total operating expenses 1,413,501
1,277,142Operating income 514,936
454,829Interest expense(20,909)
(18,993)Other (expense) income, net(1,047)
(1,614)Income before income taxes492,980
434,222Provision for income taxes93,623
82,464Net income$ 399,357
$ 351,758
Diluted earnings per share$ 1.74
$ 1.52Basic earnings per share$ 1.74
$ 1.52
Weighted average common shares outstanding:
Diluted shares229,835
231,542 Basic shares228,903
230,668
Dividends per share$ 0.34
$ 0.31 AMETEK, Inc.
Information by Business Segment
(In thousands)
(Unaudited)
Three Months EndedMarch 31,
2026
2025Net sales:
Electronic Instruments$ 1,264,536
$ 1,143,673Electromechanical663,901
588,298Consolidated net sales$ 1,928,437
$ 1,731,971
Operating income:
Segment operating income:
Electronic Instruments$ 373,938
$ 354,050Electromechanical170,766
128,718Total segment operating income544,704
482,768Corporate administrative expenses(29,768)
(27,939)Consolidated operating income$ 514,936
$ 454,829 AMETEK, Inc.
Condensed Consolidated Balance Sheet
(In thousands)
March 31,
December 31,
2026
2025
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents$ 481,250
$ 457,951 Receivables, net1,153,951
1,119,257 Inventories, net1,143,418
1,106,405 Other current assets358,889
336,229 Total current assets3,137,508
3,019,842
Property, plant and equipment, net840,388
855,215Right of use assets, net263,167
273,142Goodwill7,266,351
7,170,770Other intangibles, investments and other assets4,802,121
4,748,574 Total assets$ 16,309,535
$ 16,067,543
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt, net$ 1,114,946
$ 1,208,975 Accounts payable and accruals1,641,190
1,633,777 Total current liabilities2,756,136
2,842,752
Long-term debt, net1,062,603
1,074,334Deferred income taxes and other long-term liabilities1,571,499
1,521,671Stockholders' equity10,919,297
10,628,786 Total liabilities and stockholders' equity$ 16,309,535
$ 16,067,543 AMETEK, Inc.
Reconciliations of GAAP to Non-GAAP Financial Measures
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended March 31,
2026
2025
EIG Segment operating income (GAAP)$ 373,938
$ 354,050
Acquisition-related costs(1)1,615
—
Adjusted EIG Segment operating income (Non-GAAP)$ 375,553
$ 354,050
Operating income (GAAP)$ 514,936
$ 454,829
Acquisition-related costs(1)1,615
—
Adjusted Operating income (Non-GAAP)$ 516,551
$ 454,829
Diluted earnings per share (GAAP)$ 1.74
$ 1.52
Acquisition-related costs(1)0.01
—
Income tax benefit on acquisition-related costs(1)—
—
Pretax amortization of acquisition-related intangible
assets0.30
0.30
Income tax benefit on amortization of acquisition-
related intangible assets(0.07)
(0.07)
Rounding(0.01)
—
Adjusted Diluted earnings per share (Non-GAAP)$ 1.97
$ 1.75
ChangeEIG Segment operating margin (GAAP)29.6 %
31.0 %
Acquisition-related costs(1)0.1 %
— %
Dilutive impact of acquisitions and foreign exchange(2)1.7 %
— %
Adjusted EIG Segment operating margin (Non-GAAP)31.4 %
31.0 %
0.4 %
Operating income margin (GAAP)26.7 %
26.3 %
Acquisition-related costs(1)0.1 %
— %
Dilutive impact of acquisitions and foreign exchange(2) 1.1 %
— %
Adjusted Operating income margin (Non-GAAP)27.9 %
26.3 %
1.6 %
(1) - Acquisition-related costs are comprised of integration costs recorded in Cost of Sales.(2) - Operating income margins adjusted for dilutive impact from acquisitions completed in the last twelve months and the
foreign exchange impact. AMETEK, Inc.
Reconciliations of GAAP to Non-GAAP Financial Measures
(Unaudited)
Forecasted Diluted Earnings Per Share
Three Months Ended
Year Ended
June 30, 2026
December 31,2026
Low
High
Low
High
Diluted earnings per share (GAAP)$ 1.73
$ 1.77
$ 7.03
$ 7.23Pretax amortization of acquisition-related intangible
assets0.30
0.30
1.21
1.21Income tax benefit on amortization of acquisition-related
intangible assets(0.07)
(0.07)
(0.30)
(0.30)
Adjusted Diluted earnings per share (Non-GAAP)$ 1.96
$ 2.00
$ 7.94
$ 8.14 Use of Non-GAAP Financial InformationThe Company supplements its consolidated financial statements presented on a U.S. generally accepted accounting principles ("GAAP") basis with certain non-GAAP financial information to provide investors with greater insight, increased transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial tables. These non-GAAP financial measures should be considered in addition to, and not as a replacement for, or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.The non-GAAP financial measures referenced in this press release include adjusted operating income, adjusted operating margin, and adjusted earnings per share. These measures are adjusted to exclude items that management does not consider indicative of AMETEK's ongoing operational performance, such as after-tax acquisition-related intangible amortization and one-time acquisition-related costs (including transaction related costs, purchase accounting adjustments, and integration related costs).In providing forward-looking guidance for quarterly and full-year GAAP and non-GAAP measures, the Company has not included adjustments, such as acquisition-related costs, whose timing and/or magnitude are contingent on future events.The Company believes that these measures provide useful information to investors by reflecting additional ways of viewing AMETEK's operations that, when reconciled to the comparable GAAP measure, helps our investors to better understand the long-term profitability trends of our business, and facilitates easier comparisons of our profitability to prior and future periods and to our peers.
View original content:https://www.prnewswire.com/news-releases/ametek-announces-record-first-quarter-2026-results-and-raises-full-year-guidance-302757938.htmlSOURCE AMETEK, Inc.
Original: AMETEK Announces Record First Quarter 2026 Results and Raises Full Year Guidance
US Market News
4月前
AMETEK Announces Record Fourth Quarter and Full Year ResultsFebruary 3, 2026 6:55 AM
PR Newswire (US)
BERWYN, Pa., Feb. 3, 2026 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the fourth quarter ended December 31, 2025.AMETEK's fourth quarter 2025 sales were a record $2.0 billion, a 13% increase over the fourth quarter of 2024. On a GAAP basis, fourth quarter earnings were a record $1.73 per diluted share. Adjusted earnings in the quarter were a record $2.01 per diluted share, up 7% from the fourth quarter of 2024. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization of $0.22 per diluted share and excludes acquisition-related pre-tax costs of $17.6 million, or $0.06 per diluted share, for the Faro Technologies acquisition.GAAP operating income was a record $505.5 million. Adjusted operating income was a record $523.0 million, up 12% versus last year's fourth quarter. Operating cash flow in the quarter was a record $584.3 million, free cash flow was a record $527.3 million, and free cash flow to net income conversion was 132%. "AMETEK's fourth quarter and full year results were outstanding," stated David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Contributions from strong organic sales growth, recent acquisitions, and tremendous operating performance, led to excellent core margin expansion and impressive cash flow conversion. These record results reflect the proven strength and durability of our operating model and the outstanding contributions from our colleagues." For the full year, sales were $7.4 billion, an increase of 7% over 2024. On a GAAP basis, full year 2025 earnings per diluted share were $6.40. Full year adjusted earnings were $7.43 per diluted share, up 9% versus the prior year. Adjusted earnings for the full year adds back non-cash, after-tax acquisition-related intangible amortization of $0.91 per diluted share and excludes acquisition-related pre-tax costs of $37.3 million, or $0.12 per diluted share.Full year GAAP operating income was $1.91 billion. Full year adjusted operating income was $1.94 billion, up 7% versus last year, with 26.2% adjusted operating margins. AMETEK established annual records for sales, operating profit, operating margin, EBITDA, EBITDA margin, and both GAAP and adjusted earnings per share.A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website.Electronic Instruments Group (EIG)
EIG sales in the fourth quarter were a record $1.37 billion, an increase of 13% over the same period in 2024. On a GAAP basis, EIG's fourth quarter operating income was a record $396.1 million, or 28.9% of sales. Adjusted EIG operating income was a record $413.7 million, up 7% from the prior year. "EIG delivered excellent results in the fourth quarter," commented Mr. Zapico. "The double-digit sales growth was driven by positive organic sales growth and contributions from recent acquisitions. EIG delivered strong operating performance in the quarter resulting in record operating income and 50 basis points of core margin expansion."Electromechanical Group (EMG)
EMG sales in the fourth quarter were $628.9 million, up 15% from the fourth quarter of 2024. EMG's fourth quarter operating income increased 28% to $142.5 million, and operating income margins were 22.7% in the quarter, up 240 basis points versus the prior year's results."EMG performed exceptionally well in the fourth quarter to complete an outstanding year. Sales growth was broad based with double digit organic sales growth in each EMG division resulting in robust profit growth and sizeable margin expansion," noted Mr. Zapico.2026 Outlook
"Our businesses delivered excellent results in 2025. This success highlights the strength of the AMETEK Growth Model, the quality of our niche, differentiated businesses, and the attractiveness of our markets. We enter 2026 with a record backlog, improving end market dynamics, and significant financial flexibility to support both our organic growth initiatives and to deploy capital on strategic acquisitions, driving continued long-term value creation.""For 2026, we expect overall sales to be up mid to high single digits compared to 2025. Adjusted earnings per diluted share are expected to be in the range of $7.87 to $8.07, up 6% to 9% over the comparable basis for 2025. "For the first quarter of 2026, overall sales are expected to be up approximately 10% compared to the same period last year. Adjusted earnings in the quarter are anticipated to be in the range of $1.85 to $1.90 per share, up 6% to 9% compared to the first quarter of 2025," concluded Mr. Zapico.Conference Call
AMETEK will webcast its fourth quarter 2025 investor conference call on Tuesday, February 3, 2026, beginning at 8:30 AM ET. The live audio webcast will be available and later archived in the Investors section of www.ametek.com.About AMETEK
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.Forward-looking Information
Statements in this news release relating to future events, such as AMETEK's expected business and financial performance, are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ materially from expectations. These factors and uncertainties include risks related to AMETEK's ability to consummate and successfully integrate future acquisitions; risks with international sales and operations, including supply chain disruptions, tariffs, trade disputes and currency conditions; AMETEK's ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Forms 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610.889.5247AMETEK, Inc.Consolidated Statement of Income(In thousands, except per share amounts)(Unaudited)
Three Months Ended
December 31,
Twelve Months Ended
December 31,
2025
2024
2025
2024Net sales$ 1,998,448
$ 1,761,602
$ 7,401,116
$ 6,941,180
Cost of sales1,278,034
1,116,853
4,733,677
4,464,713Selling, general and administrative214,932
175,768
757,122
696,905 Total operating expenses 1,492,966
1,292,621
5,490,799
5,161,618Operating income 505,482
468,981
1,910,317
1,779,562Interest expense(22,890)
(22,000)
(81,254)
(112,962)Other (expense) income, net(8,609)
(2,626)
(30,724)
(5,061)Income before income taxes473,983
444,355
1,798,339
1,661,539Provision for income taxes75,382
57,098
318,197
285,415Net income$ 398,601
$ 387,257
$ 1,480,142
$ 1,376,124
Diluted earnings per share$ 1.73
$ 1.67
$ 6.40
$ 5.93Basic earnings per share$ 1.74
$ 1.68
$ 6.42
$ 5.95
Weighted average common shares outstanding:
Diluted shares230,351
232,107
231,259
232,168 Basic shares229,590
231,149
230,452
231,256
Dividends per share$ 0.31
$ 0.28
$ 1.24
$ 1.12 AMETEK, Inc.Information by Business Segment(In thousands)(Unaudited)
Three Months EndedDecember 31,
Twelve Months EndedDecember 31,
2025
2024
2025
2024Net sales:
Electronic Instruments$ 1,369,524
$ 1,214,935
$ 4,919,100
$ 4,659,915Electromechanical628,924
546,667
2,482,016
2,281,265Consolidated net sales$ 1,998,448
$ 1,761,602
$ 7,401,116
$ 6,941,180
Operating income:
Segment operating income:
Electronic Instruments$ 396,142
$ 386,649
$ 1,447,057
$ 1,428,409Electromechanical142,457
111,189
578,938
456,501Total segment operating income538,599
497,838
2,025,995
1,884,910Corporate administrative expenses(33,117)
(28,857)
(115,678)
(105,348)Consolidated operating income$ 505,482
$ 468,981
$ 1,910,317
$ 1,779,562 AMETEK, Inc.Condensed Consolidated Balance Sheet(In thousands)
December 31,
December 31,
2025
2024
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents$ 457,951
$ 373,999 Receivables, net1,119,257
948,830 Inventories, net1,106,405
1,021,713 Other current assets336,229
258,490 Total current assets3,019,842
2,603,032
Property, plant and equipment, net855,215
818,611Right of use assets, net273,142
235,666Goodwill7,170,770
6,555,877Other intangibles, investments and other assets4,748,574
4,417,983 Total assets$ 16,067,543
$ 14,631,169
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt, net$ 1,208,975
$ 654,346 Accounts payable and accruals1,633,777
1,444,241 Total current liabilities2,842,752
2,098,587
Long-term debt, net1,074,334
1,425,375Deferred income taxes and other long-term liabilities1,521,671
1,451,903Stockholders' equity10,628,786
9,655,304 Total liabilities and stockholders' equity$ 16,067,543
$ 14,631,169 AMETEK, Inc.Reconciliations of GAAP to Non-GAAP Financial Measures(In thousands, except per share amounts)(Unaudited)
Three Months Ended December 31,
2025
2024
ChangeEIG Segment operating income (GAAP)$ 396,142
$ 386,649
Acquisition-related costs(1)17,551
—
Adjusted EIG Segment operating income (Non-GAAP)$ 413,693
$ 386,649
EIG Segment operating margin (GAAP)28.9 %
31.8 %
Acquisition-related costs(1)1.3 %
— %
Dilutive impact of acquisitions and foreign exchange(2)2.1 %
— %
Adjusted EIG Segment operating margin (Non-GAAP)32.3 %
31.8 %
0.5 %
Operating income (GAAP)$ 505,482
$ 468,981
Acquisition-related costs(1)17,551
—
Adjusted Operating income (Non-GAAP)$ 523,033
$ 468,981
Diluted earnings per share (GAAP)$ 1.73
$ 1.67
Acquisition-related costs(1)0.08
—
Income tax benefit on acquisition-related costs(1)(0.02)
—
Pretax amortization of acquisition-related intangible assets0.29
0.27
Income tax benefit on amortization of acquisition-related intangible assets(0.07)
(0.07)
Adjusted Diluted earnings per share (Non-GAAP)$ 2.01
$ 1.87
Cash provided by operating activities (GAAP)$ 584,263
$ 550,017
Deduct: Capital expenditures(56,997)
(51,725)
Free cash flow (Non-GAAP)$ 527,266
$ 498,292
Free cash flow conversion (Non-GAAP)132 %
129 %
______________________(1) -Acquisition-related costs are comprised of integration costs recorded in Cost of Sales and transaction costs unique to completed business combinations recorded in Other (Expense) Income, net.(2) -Operating income margins adjusted for dilutive impact from acquisitions completed in the last twelve months and the foreign exchange impact. AMETEK, Inc.Reconciliations of GAAP to Non-GAAP Financial Measures(In thousands, except per share amounts)(Unaudited)
Twelve Months Ended December 31,
2025
2024
Operating income (GAAP)$ 1,910,317
$ 1,779,562Acquisition-related costs(1)25,301
29,231Adjusted Operating income (Non-GAAP)$ 1,935,618
$ 1,808,793
Operating income margin (GAAP)25.8 %
25.6 %Acquisition-related costs(1)0.4 %
0.5 %Adjusted Operating income margin (Non-GAAP)26.2 %
26.1 %
Other (expense) income, net$ (30,724)
$ (5,061)Acquisition-related costs(1)11,992
—Adjusted Other (expense) income, net$ (18,732)
$ (5,061)
Diluted earnings per share (GAAP)$ 6.40
$ 5.93Acquisition-related costs(1)0.16
0.13Income tax benefit on acquisition-related costs(1)(0.04)
(0.03)Pretax amortization of acquisition-related intangible assets1.20
1.07Income tax benefit on amortization of acquisition-related intangible assets(0.29)
(0.26)Rounding—
(0.01)Adjusted Diluted earnings per share (Non-GAAP)$ 7.43
$ 6.83______________________(1) -Acquisition-related costs are comprised of integration costs recorded in Cost of Sales and transaction costs unique to completed business combinations recorded in Other (Expense) Income, net. AMETEK, Inc.Reconciliations of GAAP to Non-GAAP Financial Measures(Unaudited)
Forecasted Diluted Earnings Per Share
Three Months Ended
Year Ended
March 31, 2026
December 31, 2026
Low
High
Low
High
Diluted earnings per share (GAAP)$ 1.62
$ 1.67
$ 6.96
$ 7.16Pretax amortization of acquisition-related intangible assets(1)0.30
0.30
1.20
1.20Income tax benefit on amortization of acquisition-related intangible assets(0.07)
(0.07)
(0.29)
(0.29)
Adjusted Diluted earnings per share (Non-GAAP)$ 1.85
$ 1.90
$ 7.87
$ 8.07______________________(1) -Acquisition-related costs are comprised of integration costs recorded in Cost of Sales and transaction costs unique to completed business combinations recorded in Other (Expense) Income, net. Use of Non-GAAP Financial InformationThe Company supplements its consolidated financial statements presented on a U.S. generally accepted accounting principles ("GAAP") basis with certain non-GAAP financial information to provide investors with greater insight, increased transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial tables. These non-GAAP financial measures should be considered in addition to, and not as a replacement for, or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.The non-GAAP financial measures referenced in this press release include adjusted operating income, adjusted operating margin, and adjusted earnings per share. These measures are adjusted to exclude items that management does not consider indicative of AMETEK's ongoing operational performance, such as after-tax acquisition-related intangible amortization and one-time acquisition-related costs (including transaction related costs, purchase accounting adjustments, and integration related costs).In providing forward-looking guidance for quarterly and full-year GAAP and non-GAAP measures, the Company has not included adjustments, such as acquisition-related costs, whose timing and/or magnitude are contingent on future events.The Company believes that these measures provide useful information to investors by reflecting additional ways of viewing AMETEK's operations that, when reconciled to the comparable GAAP measure, helps our investors to better understand the long-term profitability trends of our business, and facilitates easier comparisons of our profitability to prior and future periods and to our peers.
View original content:https://www.prnewswire.com/news-releases/ametek-announces-record-fourth-quarter-and-full-year-results-302676876.htmlSOURCE AMETEK, Inc.
Original: AMETEK Announces Record Fourth Quarter and Full Year Results