AMETEK Inc (0HF7.L) Q3 2024 Earnings Report

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AMETEK Inc

0HF7.L

$200.65 0.11%

Exchange: LSE | Sector: Industrials | Industry: Electrical Equipment Parts

Q3 2024

Published: Oct 31, 2024

Earnings Highlights

Revenue of $1.71B up 5.3% year-over-year
EPS of $1.47 decreased by 0.7% from previous year
Gross margin of 36.0%
Net income of 340.24M
""Our expansion into high-growth sectors positions us well to capture future opportunities even in volatile market conditions."" - David A. Zapico

0HF7.L

AMETEK Inc

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 7, 2025

Executive Summary

In Q3 2024, AMETEK Inc reported a revenue of $1.71 billion, marking a slight decrease of 1.51% quarter-over-quarter but a 5.28% increase year-over-year, demonstrating resilience despite fluctuating economic conditions. The gross profit margin stood at 36.04%, reflecting stable profitability which aligns with managementâ€™s strategic focus on operational excellence. Notably, net income increased to $340.24 million, revealing the companyâ€™s ability to manage expenses effectively amid lower revenue growth. CEO David A. Zapico emphasized the strength of AMETEKâ€™s portfolio and the ongoing investments in high-growth sectors that underpin the company's long-term growth strategy.

Key Performance Indicators

Revenue

Increasing

1.71B

QoQ: -1.51% | YoY: 5.28%

Gross Profit

Increasing

615.81M

36.04% margin

QoQ: -1.38% | YoY: 2.31%

Operating Income

Increasing

445.85M

QoQ: -0.37% | YoY: 1.76%

Net Income

Decreasing

340.24M

QoQ: 0.76% | YoY: -0.04%

EPS

Decreasing

1.47

QoQ: 0.68% | YoY: -0.68%

Revenue Trend

Margin Analysis

Financial Highlights

1. Revenue Performance: Revenue of $1.71 billion (+5.28% YoY; -1.51% QoQ).
2. Profitability: Net income stood at $340.24 million, with a net income margin of 19.91% and an operating income of $445.85 million (+1.76% YoY; -0.37% QoQ).
3. Earnings Per Share: EPS of $1.47, showing a slight decline of 0.68% YoY but a gain of 0.68% QoQ.
4. Balance Sheet Health: Total assets of $14.77 billion with $3.52 billion in cash and short-term investments, reflecting robust liquidity.
5. Cash Flow: Operating cash flow reached $487.17 million, contributing to a free cash flow of $460.89 million, which supports continued investments and shareholder returns.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	1.71B	5.28%	-1.51%
Gross Profit	615.81M	2.31%	-1.38%
Operating Income	445.85M	1.76%	-0.37%
Net Income	340.24M	-0.04%	0.76%
EPS	1.47	-0.68%	0.68%

Key Financial Ratios

Gross Profit Margin

Fair

36.00%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Excellent

26.10%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Good

19.90%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

2.30%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.56%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.39

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Conservative

0.25

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Growth

29.01x

Elevated P/E suggests growth expectations or premium valuation

Price to Book

Premium

4.13x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	1,778.06	1.55	+2.5%	View
Q1 2025	1,731.97	1.52	-0.2%	View
Q4 2024	1,761.60	1.67	+1.8%	View
Q3 2024	1,708.56	1.47	+5.3%	View
Q2 2024	1,734.83	1.45	+5.4%	View

AMETEK Inc (0HF7.L) Q3 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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