AMETEK Q3 sales beat estimates, raises outlook

Overview

• US industrial technology firm's Q3 sales rose 17%, beating analyst expectations

• Adjusted EPS for Q3 increased 17% to $2.21, beating analyst expectations

• Company completed Indicor Instrumentation acquisition and raised full-year adjusted EPS guidance

Outlook

• AMETEK raises 2026 adjusted EPS guidance to $8.53-$8.57 from $8.20-$8.30

• Company expects 2026 sales to rise by mid-teens percentage versus 2025

• AMETEK sees Q4 adjusted EPS of $2.26-$2.30, up 12%-14% year over year

Result Drivers

• ORGANIC SALES GROWTH - Co attributed Q3 sales and profit growth to strong organic sales and orders

• RECENT ACQUISITIONS - Contributions from acquisitions, including Indicor Instrumentation, supported sales and margin expansion

• OPERATING PERFORMANCE - Improved operating margins and cash flow conversion contributed to profit growth

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electrical components & equipment peer group is "buy"

• Wall Street's median 12-month price target for AMETEK Inc is $285.00, about 17.8% above its November 2 closing price of $241.91

• The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 28 three months ago

Reuters Recommended Reads

• Nov 3 - DuPont Q3 sales beat estimates, lifts 2026 profit outlook

• Nov 3 - Eaton Q3 sales, EPS beat estimates on strong demand

• Nov 3 - Leidos Q3 profit beats estimates on cost controls; lifts FY EPS outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)