AMETEK, Inc. (AME)
- GuruFocus.com
AMETEK Inc. Posts Record Q1 Results and Exceeds Analyst Earnings Projections
Company Raises 2024 Guidance Amid Strong Financial Performance
- Zacks
Ametek (AME) Reports Q1 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Ametek (AME) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- Reuters
Ametek beats profit estimates on strong demand from aerospace, defense sectors
Robust air travel demand and simmering geopolitical tensions have driven up demand from the sectors, one of the biggest contributors to Ametek's revenue. Ametek also noted solid growth in its business segment focused on manufacturing medical components and devices. Sales in the company's Electronic Instruments Group (EIG), which manufactures analytical, testing and measurement instruments for the aerospace, medical, power, and industrial markets, rose 4% to $1.16 billion in the reported quarter.
