The earnings call highlighted AMETEK's strong financial performance with robust orders, strategic acquisitions, and increased earnings guidance. However, challenges such as organic sales decline, continued destocking, and project delays were noted. The company's ability to navigate these challenges while delivering solid results suggests a positive outlook.

Company Guidance

In the AMETEK Q3 2024 earnings call, the company raised its full-year earnings guidance, projecting diluted earnings per share to range between $6.77 and $6.82, reflecting a 6% to 7% increase over the previous year. The guidance for the fourth quarter predicts overall sales growth in the mid-single digits, and earnings per share anticipated to be between $1.81 and $1.86, marking an increase of 8% to 11% compared to the prior year. The company also highlighted a strong financial performance in Q3, with sales reaching $1.71 billion, up 5% from Q3 2023, and a 12% increase in overall orders. Operating income rose to $446 million, with operating margins at 26.1% and EBITDA margins at 31.2%. Free cash flow was up 4% year-on-year, with a conversion rate of 135%. AMETEK also noted a robust backlog of $3.44 billion and significant cash flow for strategic acquisitions, including the recent purchase of Virtek Vision.

Strong Financial Performance

AMETEK delivered earnings per share above expectations, solid margin performance, and outstanding cash flow conversion. Operating income increased by 2% to $446 million, and operating margins were 26.1%. EBITDA was $553 million, up 4% versus the prior year.

Robust Orders and Backlog

Overall orders in the quarter were up 12% with a book-to-bill ratio of 1.02. The backlog was $3.44 billion, near record levels, indicating strong future demand.

Strategic Acquisitions

AMETEK acquired Virtek Vision, a leading provider of laser-based projection and inspection systems, with annual sales of approximately $40 million, enhancing their Creaform business.

Increased Earnings Guidance

AMETEK raised its earnings guidance for the full year, expecting diluted earnings per share to be in the range of $6.77 to $6.82, up 6% to 7% versus the prior year.

Strong Free Cash Flow

Free cash flow was $461 million, up 4% over the prior year, with a conversion rate of 135%.

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Ametek (AME) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AME Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 11, 2025	2024 (Q4)	1.85 / -	1.68	―	―	―
Oct 31, 2024	2024 (Q3)	1.62 / 1.66	1.64	1.22% (+0.02)	―
Aug 01, 2024	2024 (Q2)	1.64 / 1.66	1.57	5.73% (+0.09)	―
May 02, 2024	2024 (Q1)	1.59 / 1.64	1.49	10.07% (+0.15)	―
Feb 06, 2024	2023 (Q4)	1.63 / 1.68	1.52	10.53% (+0.16)	―
Oct 31, 2023	2023 (Q3)	1.58 / 1.64	1.45	13.10% (+0.19)	―
Aug 01, 2023	2023 (Q2)	1.51 / 1.57	1.38	13.77% (+0.19)	―
May 02, 2023	2023 (Q1)	1.41 / 1.49	1.33	12.03% (+0.16)	―
Feb 02, 2023	2022 (Q4)	1.47 / 1.52	1.37	10.95% (+0.15)	―
Nov 01, 2022	2022 (Q3)	1.37 / 1.45	1.26	15.08% (+0.19)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AME Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$168.67	$183.08	+8.54%
Aug 01, 2024	$172.94	$158.63	-8.27%
May 02, 2024	$173.16	$162.57	-6.12%
Feb 06, 2024	$165.94	$165.04	-0.54%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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