BERWYN, PA — AMETEK (NYSE: AME) reported record first-quarter earnings and raised its full-year 2026 guidance after higher sales, acquisition contributions, and stronger operating performance drove double-digit profit growth.
First-quarter sales rose 11% year over year to $1.93 billion for the period ended March 31. GAAP earnings reached a record $1.74 per diluted share, while adjusted earnings increased 13% to $1.97 per diluted share.
Adjusted operating income climbed 14% to $516.6 million, and adjusted operating margins expanded 50 basis points to 26.8%.
Chairman and Chief Executive Officer David Zapico said strong demand across multiple end markets contributed to record orders and backlog growth during the quarter.
“End market demand remains strong and broad based, with record orders up 23% in the quarter resulting in a record backlog,” Zapico said.
AMETEK’s Electronic Instruments Group reported first-quarter sales of $1.26 billion, up 11% from a year earlier. Adjusted operating income for the segment rose 6% to $375.6 million, while operating margins increased 40 basis points to 31.4%.
The company’s Electromechanical Group posted record quarterly sales of $663.9 million, up 13% year over year. Operating income for the segment increased 33% to $170.8 million, with margins expanding 380 basis points to 25.7%.
AMETEK raised its full-year adjusted earnings guidance to a range of $7.94 to $8.14 per diluted share, compared with prior guidance of $7.87 to $8.07. The updated forecast would represent annual earnings growth of 7% to 10% over 2025 levels.
The company said it expects overall 2026 sales to increase by high single digits compared with last year.
For the second quarter, AMETEK projected adjusted earnings between $1.96 and $2.00 per share, up 10% to 12% from the same period in 2025, with sales also expected to rise by high single digits.
Zapico said the company’s backlog, cash flow generation, and balance sheet position it for additional acquisitions and continued expansion.
“Our businesses are performing very well and delivering exceptional results,” Zapico said.
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