BERWYN, PA — AMETEK Inc. (NYSE: AME) raised its full-year earnings forecast after third-quarter sales climbed 17% to a record $2.22 billion, as stronger demand, acquisitions and expanding profit margins lifted results for the industrial technology manufacturer.
The company now expects 2026 adjusted earnings of $8.53 to $8.57 per diluted share, up approximately 15% from 2025 and above its previous forecast of $8.20 to $8.30. The revised outlook reflects third-quarter performance, expectations for the final three months of the year and the acquisition of Indicor Instrumentation.
Adjusted third-quarter earnings rose 17% from a year earlier to a record $2.21 per diluted share. Earnings under generally accepted accounting principles reached $1.85 per diluted share, also a record.
AMETEK reported record GAAP operating income of $584.9 million for the quarter ended Sept. 30. Adjusted operating income increased 20% to $594.7 million, while the adjusted operating margin widened 60 basis points to 26.8%.
Operating cash flow rose 27% to $560.6 million, with free cash flow equivalent to 124% of net income.
The results reflected organic sales growth across AMETEK’s businesses and contributions from recent acquisitions. The company also reported a 110-basis-point expansion in core operating margins, indicating improved profitability in its underlying operations.
“Continued strong organic sales and orders growth, contributions from recent acquisitions, and tremendous operating performance led to 20% operating profit growth,” Chairman and Chief Executive Officer David A. Zapico said.
AMETEK’s Electronic Instruments Group, its largest operating segment, generated record quarterly sales of $1.44 billion, a 16% increase from a year earlier.
The segment reported GAAP operating income of $406.7 million, while adjusted operating income increased 15% to $414.6 million. Core operating margins expanded 60 basis points as organic growth and acquisitions contributed to higher sales.
The Electromechanical Group recorded a 20% increase in sales to $778 million, supported by growth across its businesses and acquisition-related contributions.
GAAP operating income for the segment reached $210 million. Adjusted operating income rose 29% to $212 million, with an adjusted operating margin of 27.2% and core margin expansion of 210 basis points.
The stronger performance across both operating segments came as AMETEK continued expanding through acquisitions, including its third-quarter purchase of Indicor Instrumentation, a group of industrial technology businesses.
The acquisition is expected to contribute to the company’s fourth-quarter results and higher full-year earnings forecast.
AMETEK now projects total 2026 sales growth in the mid-teens percentage range compared with 2025.
For the fourth quarter, the company expects sales to increase by a percentage in the low 20s from the same period last year. Adjusted earnings are projected at $2.26 to $2.30 per diluted share, representing year-over-year growth of 12% to 14%.
The fourth-quarter forecast points to continued sales expansion through year-end, with the Indicor acquisition adding to AMETEK’s existing operations.
AMETEK’s adjusted earnings exclude noncash, after-tax amortization of acquisition-related intangible assets and transaction and integration expenses. Those adjustments totaled 36 cents per diluted share in the third quarter.
The company’s financial results and reconciliations between GAAP and adjusted figures are available through AMETEK’s investor disclosures.
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