Ametek Inc. (NYSE:AME) reported third-quarter results that topped Wall Street estimates on Thursday, prompting a 3.15% rise in pre-market trading, as the industrial technology firm also lifted its full-year guidance.
The company posted adjusted earnings of $1.89 per share, beating analyst expectations of $1.76, while revenue reached $1.89 billion, up 11% year-over-year and above the $1.81 billion consensus. The strong performance reflected double-digit growth in both sales and orders, as well as 90 basis points of margin expansion, excluding recent acquisitions.
“AMETEK delivered impressive results in the third quarter, highlighted by double digit growth in sales, orders and earnings per share,” said David A. Zapico, Ametek’s Chairman and Chief Executive Officer.
By segment, the Electronic Instruments Group (EIG) generated $1.25 billion in sales, a 10% increase from last year, while the Electromechanical Group (EMG) reported 13% growth to $646.3 million. EMG’s operating income surged 25%, with margins expanding 250 basis points to 25.4%.
Looking forward, Ametek raised its full-year 2025 adjusted earnings forecast to $7.32–$7.37 per share, up from its prior range of $7.06–$7.20, and well above the $7.18 analyst consensus. For the fourth quarter, the company expects sales growth of around 10% year over year and adjusted EPS between $1.90 and $1.95.
“AMETEK’s flexible operating structure, diverse and attractive end market exposures, and strong cash flows position us well for sustained success,” added Zapico.
The company also highlighted continued progress on integrating its recent acquisition of FARO Technologies, noting it sees strong growth potential in its expanding metrology platform.