02.05.2024 13:40:35 - dpa-AFX: ROUNDUP: AMETEK Boosts FY24 Earnings Outlook
WASHINGTON (dpa-AFX) - While reporting financial results for the first
quarter on Thursday, AMETEK, Inc. (AME) raised its earnings and adjusted
earnings guidance for the full-year 2024, while maintaining annual net sales
growth outlook.
For the second quarter, the company expects adjusted earnings in a range of
$1.63 to $1.65 per share on net sales growth in the mid to high single digit
percentage.
For fiscal 2024, the company now projects adjusted earnings in a range of $6.74
to $6.86 per share on net sales growth in the low double digit percentage.
Previously, the company expected adjusted earnings in a range of $6.70 to $6.85
per share on net sales growth in the low double digit percentage.
On average, 15 analysts polled by Thomson Reuters expect the company to report
earnings of $6.84 per share on revenues of $7.41 billion for the year. Analysts'
estimates typically exclude special items.
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