Ametek raises annual profit forecast on steady demand in electromechanical unit
I'm PortAI, I can summarize articles.
Ametek raised its annual profit forecast after exceeding second-quarter estimates, driven by strong demand in its electromechanical segment and the acquisition of FARO Technologies. The electromechanical unit's sales rose 6% to $618.5 million, contributing to record operating income and margin expansion. Ametek now expects adjusted profit for 2025 to be between $7.06 and $7.20 per share, up from previous estimates. The company's second-quarter profit was $1.78 per share, surpassing analyst expectations, with net sales increasing to $1.78 billion.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments