Snapshot
Ametek Inc/ reported $1.93B of revenue in Q1 2026, up 11.3% year over year, with diluted EPS of $1.74 and an operating margin of 26.7%.
- Revenue
- $1.93B
- YoY growth
- +11.3%
- Diluted EPS
- $1.74
- Operating margin
- 26.7%
$1.93B
Revenue
+11.3%
YoY growth
$1.74
Diluted EPS
26.7%
Operating margin
01 Key takeaways
What management said
- •Any references made on this call to historical results will be on an adjusted basis, excluding after-tax, acquisition-related intangible amortization, and excluding acquisition-related cost.
- •AMETEK delivered an excellent first quarter, highlighted by double-digit sales growth, exceptional orders growth, robust core margin expansion, record EBITDA, and a high quality of earnings that exceeded our expectations.
- •We also raised our full-year earnings guidance to reflect our first quarter results and the outlook for the balance of the year.
- •Today, we also announced we signed a definitive agreement to acquire First Aviation Services, an attractive acquisition which strategically broadens our defense aftermarket capabilities.
- •Orders were outstanding in the quarter, with broad-based and meaningful growth across all AMETEK divisions.
- •Overall orders were a record $2.2 billion, up 23% versus the prior year, and organic orders were up 22%, leading to a record backlog of $3.87 billion.
- •Operating income in the quarter was $517 million, a 14% increase over the first quarter of 2025.
- •Operating margins were 26.8% in the quarter, and core margins were an impressive 27.9%, up a robust 160 basis points versus the prior year.
- •EBITDA in the quarter was a record $620 million, up 11% versus the prior year, with EBITDA margins a strong 32.1%.
- •Our excellent operating performance led to strong cash generation, with free cash flow to net income conversion of 107%.
- •Diluted earnings per share were $1.97, up 13% versus the first quarter of 2025, and above our guidance range of $1.85-$1.90 per share.
- •EIG had an excellent first quarter, with double-digit sales growth, strong operating performance, and a meaningful inflection in orders.
SourcesCompany financials · earnings call
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