Executive Summary
In the fourth quarter of 2024, AMETEK Inc reported a revenue of $1.76 billion, marking a 1.77% increase year-over-year and a 3.10% increase quarter-over-quarter. The company demonstrated strong profitability with net income reaching $387.26 million, translating to a net income margin of 21.9%, a notable improvement compared to the previous quarter. AMETEK's robust performance can be attributed to its strategic focus on innovation and effective cost management, as emphasized in managementΓ’β¬β’s commentary. The company continues to thrive within the Electrical Equipment Parts industry, demonstrating resilience against market fluctuations and competitive pressures.
Key Performance Indicators
Revenue
1.76B
QoQ: 3.10% | YoY:1.77%
Gross Profit
644.75M
36.60% margin
QoQ: 4.70% | YoY:4.83%
Operating Income
468.98M
QoQ: 5.19% | YoY:5.39%
Net Income
387.26M
QoQ: 13.82% | YoY:12.95%
EPS
1.67
QoQ: 13.61% | YoY:12.08%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $1,761.60 million (YoY: +1.77%, QoQ: +3.10%)
- **Gross Profit**: $644.75 million (YoY: +4.83%, QoQ: +4.70%)
- **Operating Income**: $468.98 million (YoY: +5.39%, QoQ: +5.19%)
- **Net Income**: $387.26 million (YoY: +12.95%, QoQ: +13.82%)
- **EPS**: $1.67 (YoY: +12.08%, QoQ: +13.61%)