AMETEK's Q4 2024 performance was strong, with record-breaking financial metrics, robust order growth, and successful strategic initiatives such as acquisitions and share repurchases. Despite challenges such as organic sales decline and inventory destocking, the overall outlook remains positive with a focus on long-term growth.

Company Guidance

In the AMETEK Fourth Quarter 2024 earnings call, the company provided comprehensive guidance with several key metrics. Sales reached a record $1.76 billion, marking a 2% increase from the previous year, although organic sales decreased by 3%. Acquisitions contributed a 5% sales increase, and foreign currency impact was neutral. AMETEK's operating income was a record $469 million, up 5% year-over-year, with operating margins improving by 90 basis points to 26.6%. EBITDA was also a record at $561 million, with margins of 31.9%. The company generated a record $498 million in free cash flow, with a conversion rate of 129%. Diluted earnings per share were $1.87, an 11% increase from the previous year, surpassing the guidance range of $1.81 to $1.06. For 2025, AMETEK anticipates low single-digit growth in both overall and organic sales and projects diluted earnings per share to be in the range of $7.02 to $7.18, reflecting a 3% to 5% increase over 2024.

Record-Breaking Financial Performance

AMETEK achieved record levels for sales ($1.76 billion), operating income ($469 million), EBITDA ($561 million), and diluted earnings per share ($1.87) in Q4 2024. Free cash flow also reached a record $498 million, up 4% from the previous year, with a cash flow to net income conversion of 129%.

Strong Order Growth and Backlog

Organic orders increased by 4% in Q4, contributing to a strong backlog of $3.4 billion. Positive order growth was noted across both the EIG and EMG segments.

Successful Share Repurchases and Acquisitions

AMETEK repurchased $155 million in shares in Q4 and $220 million for the year. The acquisition of Kern Microtechnik for approximately €105 million was announced, aligning with their strategic growth initiatives.

Margin Expansion

Operating margins improved to 26.6% in Q4, up 90 basis points from the prior year. Core margins increased by 140 basis points, and EBITDA margins reached 31.9%.

EIG Segment Performance

EIG operating income reached a record $386.6 million, with operating margins at 31.8%, up 280 basis points from the prior year. Growth was driven by Aerospace and Defense and Advanced Optical Metrology businesses.

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Ametek (AME) Earnings, Revenues Date & History

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AME Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 06, 2025	2025 (Q1)	1.69 / -	1.64	―	―	―
Feb 04, 2025	2024 (Q4)	1.85 / 1.87	1.68	11.31% (+0.19)	―
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)	―

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
Feb 04, 2025	$184.13	$180.50	-1.97%
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%

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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