Home Popular When is the Earnings Report For AMETEK?

When is the Earnings Report For AMETEK?

when is the earnings report for ametek 11167
when is the earnings report for ametek 11167

AMETEK will report its second-quarter 2022 earnings on Aug. 2, and analysts expect the company to report sales growth in the low-to-mid single digits. The Zacks Consensus Estimate for sales is $1.46 billion, which suggests a growth rate of 5.1%. AMETEK is also expected to report adjusted earnings per share of $1.27-$1.30. The company has beaten expectations for its past four quarters by an average of 4.7%.

AMETEK’s second-quarter earnings are expected to be strong due to the company’s robust performances in its Electromechanical Group and Electronic Instruments Group segments. The company has been able to generate steady organic growth, accretive acquisitions, and solid operational execution. Organic growth and revenues in the quarter under review are expected to be led by the company’s EMG segment, which is comprised of its Electromechanical Group, Advanced Materials, and Electronic Instruments businesses. The company’s TMC Precitech and Creaform businesses are also expected to help boost the company’s earnings.

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