Ametek reports Q1 adjusted EPS $1.97, consensus $1.90

Reports Q1 revenue $1.93B, consensus $1.91B. “Ametek (AME) had an excellent start to the year. Strong organic sales growth, contributions from recent acquisitions, and outstanding operating performance led to double-digit earnings growth, record EBITDA and robust core margin expansion of 160 basis points,” stated David A. Zapico, Ametek Chairman and Chief Executive Officer. “Additionally, end market demand remains strong and broad based, with record orders up 23% in the quarter resulting in a record backlog.”