Record-Level Sales and EBITDA
AMETEK delivered record sales of $1.78 billion, an increase of 2.5% from the second quarter of 2024, and a record EBITDA of $565 million, up 4% versus the prior year with EBITDA margins at 31.8%.
Strong Performance in Electromechanical Group
EMG's second quarter sales were a record $618 million, up 6% from the prior year. Operating income was a record $144 million, up 17% compared to the prior year. Operating margins increased by 210 basis points.
Successful Acquisition of FARO Technologies
AMETEK acquired FARO Technologies for approximately $920 million, expanding its presence in the fast-growing digital reality market. Expected to improve EBITDA margins in 3 years significantly.
Raised Full Year Sales and Earnings Guidance
The company raised its full-year sales and earnings guidance, now expecting diluted earnings per share to be in the range of $7.06 to $7.20, up 3% to 5% versus the prior year.
Innovation and New Product Launch
Launch of SPECTROGREEN MS, a new product by SPECTRO Analytical Instruments, reflecting the success of AMETEK's technology innovation strategy with a vitality index of 26%.