Ametek, Inc. (NYSE:AME) reported record fourth-quarter results on Tuesday, topping market expectations as strong execution across both of its operating segments drove double-digit sales growth.
Shares in Ametek, Inc. rose about 0.6% following the earnings release.
The industrial technology group posted adjusted earnings of $2.01 per share for the quarter, ahead of the $1.94 consensus estimate. Revenue reached a record $2.0 billion, exceeding forecasts of $1.95 billion and representing a 13% increase compared with the same period last year.
Both divisions delivered robust growth. The Electronic Instruments Group (EIG) generated $1.37 billion in sales, while the Electromechanical Group (EMG) contributed $628.9 million, with each segment posting double-digit revenue gains.
“AMETEK’s fourth quarter and full year results were outstanding,” said 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.”
For the full year 2025, Ametek reported revenue of $7.4 billion, up 7% from 2024, while adjusted earnings per share increased 9% year on year to $7.43. In the fourth quarter alone, the company generated record operating cash flow of $584.3 million and free cash flow of $527.3 million.
Looking ahead, Ametek issued a constructive outlook for 2026, forecasting overall sales growth in the mid- to high-single-digit range versus 2025. The company expects adjusted earnings per share of $7.87 to $8.07 for the full year, implying growth of 6% to 9%.
For the first quarter of 2026, management anticipates sales growth of around 10% and adjusted earnings of $1.85 to $1.90 per share.
EMG stood out on profitability, with operating income rising 28% to $142.5 million and operating margin expanding by 240 basis points to 22.7%. EIG also delivered solid results, with adjusted operating income up 7% to $413.7 million and 50 basis points of core margin expansion.
“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,” Zapico added.