02.05.2024 13:00:57 - dpa-AFX: Ametek Inc. Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Ametek Inc. (AME) announced earnings for its first
quarter that increased from the same period last year and beat the Street
estimates.

The company's bottom line totaled $310.94 million, or $1.34 per share. This
compares with $305.71 million, or $1.32 per share, in last year's first quarter.

Excluding items, Ametek Inc. reported adjusted earnings of $1.64 per share for
the period.

Analysts on average had expected the company to earn $1.59 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 8.8% to $1.74 billion from $1.60
billion last year.

Ametek Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $310.94 Mln. vs. $305.71 Mln. last year.
-EPS (Q1): $1.34 vs. $1.32 last year.
-Revenue (Q1): $1.74 Bln vs. $1.60 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.63 to $1.65
Full year EPS guidance: $6.74 to $6.86


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AMETEK INC. DL-,01 908668 Frankfurt 159,280 28.05.24 08:20:01 -1,560 -0,97% 0,000 0,000 159,280 160,840

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