AMETEK’s fourth quarter 2023 sales were a record $1.73 billion, a 6.5% increase over the fourth quarter of 2022. Adjusted earnings in the quarter were a record $1.68 per diluted share, up 11% from the fourth quarter of 2022. “AMETEK’s fourth quarter and full year performance was exceptional,” noted David A. Zapico, AMETEK Chairman and Chief Executive Officer. Operating income was $1.71 billion, up 14% versus the prior year, and operating income margins were 25.9%, expanding 150 basis points over last year’s margins. EMG’s fourth quarter operating income was $112.3 million, while operating income margins were 22.7% in the quarter.

Source: The Bubble February 06, 2024 18:12 UTC