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AMETEK's Q1 Adjusted Earnings, Net Sales Rise; 2024 Non-GAAP EPS Guidance Lifted
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AMETEK's Q1 Adjusted Earnings, Net Sales Rise; 2024 Non-GAAP EPS Guidance Lifted
May 2, 2024 4:49 AM

07:28 AM EDT, 05/02/2024 (MT Newswires) -- AMETEK ( AME ) reported Q1 adjusted earnings Thursday of $1.64 per diluted share, up from $1.49 a year earlier.

Analysts polled by Capital IQ expected $1.59.

Net sales for the quarter ended March 31 was $1.74 billion, compared with $1.60 billion a year ago. Analysts surveyed by Capital IQ expected $1.78 billion.

The company said it expects fiscal 2024 adjusted earnings of $6.74 to $6.86 per diluted share, compared with $6.70 to $6.85 anticipated previously. Analysts polled by Capital IQ expect $6.84.

The company also said it expects Q2 adjusted earnings of $1.63 to $1.65 per diluted share. Analysts polled by Capital IQ expect $1.67.

Price: 173.86, Change: -0.12, Percent Change: -0.07

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