AMETEK (NYSE:AME) Q4 CY2024 Earnings Miss Analyst Expectations

Key Metrics:

- Revenue: $1.76 billion (1.8% YoY growth, 3.6% below estimates)
- Adjusted EPS: $1.87 (1.1% above estimates)
- Adjusted EPS guidance for FY2025: $7.10 at the midpoint (2.8% below estimates)
- Operating Margin: 26.6% (in line with last year)
- Free Cash Flow Margin: 28.3% (similar to last year)

Overview:

AMETEK, an electronic devices manufacturer, saw a revenue shortfall in Q4 CY2024. Despite a non-GAAP profit beat, the overall results were below expectations.

Sales Growth:

- 6.1% compounded annual growth rate over the last five years
- 6.2% annualized revenue growth over the last two years
- 1.8% YoY growth in Q4 (short of estimates)
- 5.8% projected growth over the next 12 months

Profitability:

- Elite average operating margin of 24.6% over the last five years
- 3 percentage point increase in operating margin over the last five years
- Operating profit margin of 26.6% in Q4

Earnings Per Share (EPS):

- 10.3% compounded annual growth rate over the last five years
- 9.7% annual EPS growth over the last two years
- $1.87 EPS in Q4 (1.1% above estimates)
- $6.83 full-year EPS estimate for 2025 (6.4% growth)

Key Takeaways:

- Revenue and EPS guidance misses
- Stable operating margin
- Stock price declined 3.1% after earnings report