Ametek Stock: Q4 Results Miss Revenue Targets

Ametek's stock experienced a notable 4.2% decline following mixed fourth-quarter 2024 results that partially missed analyst expectations. While the technology company exceeded projections with an adjusted earnings per share of $1.87, revenue fell short at $1.76 billion compared to the anticipated $1.82 billion. The outlook for the first quarter of 2025 further dampened market sentiment, with projected adjusted earnings per share of $1.67 to $1.69 falling significantly below analyst estimates of $1.75.

Segment Performance and Future Outlook

The company's performance showed divergent trends across its divisions, with the Electronic Instruments Group reporting a 2% revenue decline to $1.21 billion. In contrast, the Electromechanical Group achieved 11% growth, reaching $546.7 million, bolstered by the Paragon Medical acquisition. Despite mixed results, operational efficiency improved as evidenced by a 90 basis point increase in operating margin to 26.6%. Management projects low single-digit revenue growth for the full year 2025, indicating cautious optimism amid current market conditions.

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Source StockWorld