AMETEK Q3 sales rise 11%, beat expectations

) Overview AMETEK Q3 sales rise 11% yr/yr to $1.89 bln, beating analyst expectations Adjusted EPS for Q3 increases 14% yr/yr, beating consensus Company raises full-year adjusted EPS guidance to $7.32-$7.37 Outlook AMETEK raises full-year adjusted EPS guidance to $7.32-$7.37 Company expects Q4 sales to rise 10% year-over-year Company anticipates Q4 adjusted EPS of $1.90-$1.95 Result Drivers EIG SALES GROWTH - EIG sales increased 10% yr/yr, contributing to margin expansion EMG SALES GROWTH - EMG sales rose 13% yr/yr, leading to record operating income and margin expansion FARO INTEGRATION - Progress in FARO Technologies integration seen as positive for future growth Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Sales Beat $1.89 $1.82 bln bln (11 Analysts ) Q3 Beat $1.89 $1.76 Adjusted (14 EPS Analysts ) Q3 EPS $1.60 Q3 Net $371.41 Income mln Q3 Basic $1.61 EPS Q3 $488.38 Operatin mln g income Q3 $447.96 Pretax mln Profit Analyst Coverage The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 11 “strong buy” or “buy”, 8 “hold” and no “sell” or “strong sell” The average consensus recommendation for the electrical components & equipment peer group is “buy” Wall Street’s median 12-month price target for AMETEK Inc is $211.00, about 12.7% above its October 29 closing price of $184.19 The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)