Record Sales and Orders
AMETEK reported record sales of $1.89 billion, an 11% increase from the third quarter of 2024, and record orders of $1.97 billion, up 13%.
Strong Margin Expansion
Operating income was a record $496 million, an 11% increase over the prior year, with margins excluding recent acquisitions at 27%, up 90 basis points.
Earnings Growth and Guidance Increase
Earnings per share rose 14% compared to the third quarter of 2024, leading to an increased full-year earnings guidance in the range of $7.32 to $7.37.
Electromechanical Group Performance
EMG's sales rose to a record $646 million, up 13% year-over-year, with operating income increasing by 25% and operating margins improving by 250 basis points.
New Product Innovations
Virtek Vision and NSI-MI Technologies introduced new products, enhancing capabilities in AI-powered inspection and RF/microwave testing, respectively.
Successful Acquisitions
Recent acquisitions, including FARO and others, are integrating well and contributing positively to performance.