Ametek reports Q1 EPS $1.49, consensus $1.41

Reports Q1 revenue $1.6B, consensus $1.54B. "AMETEK’s first quarter performance was exceptional," said David A. Zapico, AMETEK Chairman and CEO. "Strong organic sales growth coupled with our focus on operational excellence, resulted in record operating profit, robust margin expansion and outstanding free cash flow. Moreover, demand remains strong resulting in solid orders growth in the quarter and a record backlog. Given this outstanding performance, we are raising our sales and earnings guidance for the full year."