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AI brief of an SEC Form 8-K · Ametek (AME)

AMETEK Q2 sales rise 5% to $1.73 billion; adjusted EPS $1.66; 2024 guidance adjusted

Mixed Impact 4 of 5 earnings Written later

AMETEK reported second quarter 2024 sales of $1.73 billion, up 5%, and operating income of $447.5 million, up 7%. The company also adjusted its 2024 sales and earnings guidance, citing ongoing inventory normalization at OEM customers and more cautious customers delaying project spending, and expects third quarter adjusted earnings per share to fall 1% to 2%.

Key points

  • Q2 2024 GAAP diluted EPS was $1.45 versus $1.40 a year earlier; adjusted EPS was $1.66, up 6%
  • Full-year 2024 sales are now expected to be up 5% to 7% versus 2023, with adjusted EPS of $6.70 to $6.80
  • Third quarter 2024 adjusted EPS is expected at $1.60 to $1.62, down 1% to 2% from the third quarter of 2023
  • Electromechanical Group sales rose 14% to a record $581.2 million, while its operating margin was 21.2%

The filing

CompanyAmetek (AME)
Form8-K, current report
Filed with the SECAug 1, 2024, 11:33 AM ET
Accession number0001037868-24-000045

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.