AMETEK Inc
0HF7.L
$185.68 -0.42%
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

AMETEK Inc (0HF7.L) Q3 2024 Results: Resilient Performance Amid Market Fluctuations

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 management’s strategic focus on operational excellence. Notably, net income increased to $340.24 million, revealing the company’s ability to manage expenses effectively amid lower revenue growth. CEO David A. Zapico emphasized the strength of AMETEK’s portfolio and the ongoing investments in high-growth sectors that underpin the company's long-term growth strategy.

Key Performance Indicators

Revenue

1.71B
QoQ: -1.51% | YoY:5.28%

Gross Profit

615.81M
36.04% margin
QoQ: -1.38% | YoY:2.31%

Operating Income

445.85M
QoQ: -0.37% | YoY:1.76%

Net Income

340.24M
QoQ: 0.76% | YoY:-0.04%

EPS

1.47
QoQ: 0.68% | YoY:-0.68%

Revenue Trend

Margin Analysis

Key Insights

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....

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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