Record Q1 and higher 2026 outlook at AMETEK (NYSE: AME) after 11% sales gain
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
AMETEK, Inc. reported record first quarter 2026 results and raised its full year earnings outlook while signing a definitive agreement to acquire First Aviation Services.
First quarter 2026 sales were $1.93 billion, up 11% from 2025, with GAAP diluted EPS of $1.74 and adjusted EPS of $1.97, an increase of 13%. GAAP operating income reached $514.9 million, and adjusted operating income rose 14% to $516.6 million, lifting operating margins to 26.8%, about 50 basis points higher year over year.
The Electronic Instruments Group delivered $1.26 billion in sales, up 11%, while the Electromechanical Group posted record sales of $663.9 million, up 13% with a 33% increase in operating income and notable margin expansion. Management highlighted record EBITDA, 160 basis points of core margin expansion and record orders up 23%, driving a record backlog.
For 2026, AMETEK now expects overall sales to grow high single digits versus 2025 and projects adjusted EPS between $7.94 and $8.14, up 7%–10% over 2025 and above prior guidance. Second quarter 2026 adjusted EPS is anticipated between $1.96 and $2.00, up 10%–12% year over year. The pending acquisition of First Aviation Services, which has about $80 million in annual sales and six U.S. centers of excellence, is intended to expand AMETEK’s defense and aviation MRO and proprietary components platform, subject to customary closing conditions.
Positive
- Record Q1 2026 performance with double-digit growth: Net sales rose 11% to $1.93 billion, adjusted EPS increased 13% to $1.97, and margins expanded, highlighting strong operational execution.
- Raised full year 2026 earnings outlook: Adjusted EPS guidance increased to a range of $7.94–$8.14, representing 7%–10% growth over 2025 and an improvement from prior guidance.
Negative
- None.
Insights
AMETEK delivers double-digit growth, expands margins, raises guidance, and adds a bolt-on aviation MRO acquisition.
AMETEK posted strong first quarter 2026 performance, with net sales of $1.93 billion, up 11% year over year, and adjusted diluted EPS of $1.97, up 13%. Operating leverage lifted adjusted operating margin to 27.9%, reflecting both organic growth and contributions from recent acquisitions.
Both segments contributed: Electronic Instruments generated $1.26 billion in sales, while Electromechanical delivered record sales of $663.9 million and a 33% increase in operating income, with margins improving 380 basis points. Management also cited record orders up 23% and record backlog, suggesting solid demand across end markets as of Q1 2026.
Guidance revisions are notable. For 2026, AMETEK now targets adjusted EPS of $7.94–$8.14, up 7%–10% versus 2025 and above its prior range. Second quarter 2026 adjusted EPS is guided to $1.96–$2.00, up 10%–12%. The agreed acquisition of First Aviation Services, with about $80 million in annual sales, expands AMETEK’s defense and aviation MRO footprint once customary closing conditions and regulatory approvals are satisfied.
8-K Event Classification
3 items: 2.02, 8.01, 9.01
3 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q1 2026 net sales: $1,928,437,000
Q1 2026 net income: $399,357,000
Q1 2026 GAAP diluted EPS: $1.74 per share
+5 more
8 metrics
Q1 2026 net sales
$1,928,437,000
Three months ended March 31, 2026; up 11% vs 2025
Q1 2026 net income
$399,357,000
Three months ended March 31, 2026; vs $351,758,000 in 2025
Q1 2026 GAAP diluted EPS
$1.74 per share
Three months ended March 31, 2026; vs $1.52 in 2025
Q1 2026 adjusted diluted EPS
$1.97 per share
Non-GAAP; up 13% vs $1.75 in Q1 2025
Q1 2026 operating income
$514,936,000
GAAP consolidated operating income for Q1 2026
2026 adjusted EPS guidance
$7.94–$8.14
Full year 2026 outlook; 7%–10% growth over 2025
Q2 2026 adjusted EPS guidance
$1.96–$2.00
Three months ended June 30, 2026; up 10%–12% vs Q2 2025
First Aviation annual sales
$80,000,000
Approximate annual sales of acquisition target First Aviation Services
Key Terms
Adjusted Diluted earnings per share, core margin expansion, mission-critical defense and aviation maintenance, repair and overhaul (MRO) services, record backlog, +1 more
5 terms
core margin expansion financial
"led to double-digit earnings growth, record EBITDA and robust core margin expansion of 160 basis points"
mission-critical defense and aviation maintenance, repair and overhaul (MRO) services technical
"a leading provider of highly engineered, mission-critical defense and aviation maintenance, repair and overhaul (MRO) services"
record backlog financial
"with record orders up 23% in the quarter resulting in a record backlog."
Earnings Snapshot
Revenue: $1.93B · Guidance included
Q1 2026
Revenue
$1.93B
+11% YoY
Net income
$399.4M
up vs $351.8M in Q1 2025
GAAP diluted EPS
$1.74
up vs $1.52 in Q1 2025
Adjusted diluted EPS
$1.97
+13% YoY vs $1.75
Guidance
For 2026, AMETEK expects overall sales up high single digits and adjusted EPS of $7.94–$8.14, up 7%–10% over 2025. For Q2 2026, sales are guided up high single digits with adjusted EPS of $1.96–$2.00, up 10%–12% year over year.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM 8-K
__________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 30, 2026
__________________
(Exact name of registrant as specified in its charter)
__________________
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: (610 ) 647-2121
Not Applicable
(Former name or former address, if changed since last report)
__________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02 Results of Operations and Financial Condition.
On April 30, 2026, AMETEK, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2026. A copy of the release is furnished as Exhibit 99.1 and incorporated by reference herein. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to Item 2.02 of Form 8-K.
The information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 8.01 Other Events.
On April 30, 2026, the Company issued a press release announcing it has entered into a definitive agreement to acquire First Aviation Services, Inc. A copy of the release is furnished as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
99.1 | Press release, dated April 30, 2026, “AMETEK Announces Record First Quarter 2026 Results and Raises Full Year Guidance " | |||||||
99.2 | Press release, dated April 30, 2026, “AMETEK Announces Agreement to Acquire First Aviation Services" | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMETEK, Inc. | |||||||||||
| April 30, 2026 | By: | /s/ ROBERT J. AMODEI | |||||||||
| Name: Robert J. Amodei | |||||||||||
| Title: Senior Vice President – Controller | |||||||||||
Exhibit 99.1
AMETEK Announces Record First Quarter 2026 Results and Raises Full Year Guidance
Berwyn, Pa., April 30, 2026 – AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2026.
AMETEK’s first quarter 2026 sales were $1.93 billion, an 11% increase over the first quarter of 2025. On a GAAP basis, first quarter earnings were a record $1.74 per diluted share. Adjusted earnings in the quarter were $1.97 per diluted share, up 13% from the first quarter of 2025. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization and integration costs of $0.23 per diluted share.
GAAP operating income was $514.9 million. Adjusted operating income increased 14% to $516.6 million and operating margins were 26.8% in the quarter, up 50 basis points from the prior year. A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website.
“AMETEK had an excellent start to the year. Strong organic sales growth, contributions from recent acquisitions, and outstanding operating performance led to double-digit earnings growth, record EBITDA and robust core margin expansion of 160 basis points,” stated David A. Zapico, AMETEK Chairman and Chief Executive Officer. “Additionally, end market demand remains strong and broad based, with record orders up 23% in the quarter resulting in a record backlog.”
Electronic Instruments Group (EIG)
EIG sales in the first quarter were $1.26 billion, an increase of 11% over the same period in 2025. On a GAAP basis, EIG’s first quarter operating income was $373.9 million. On an adjusted basis, EIG operating income was up 6% to $375.6 million.
"EIG delivered strong results in the first quarter with outstanding, broad-based orders growth,” commented Mr. Zapico. “Sales were also strong with double-digit growth driven by a combination of solid organic sales growth and contributions from recent acquisitions, and EIG’s disciplined operating performance drove core margins up 40 basis points to 31.4%.”
Electromechanical Group (EMG)
EMG sales in the first quarter were a record $663.9 million, up 13% from the first quarter of 2025. EMG’s first quarter operating income increased 33% to a record $170.8 million, and operating income margins were 25.7% in the quarter, up 380 basis points versus the prior year.
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“EMG performed exceptionally well in the first quarter. Continued robust and broad-based organic sales growth resulted in outstanding profit growth and sizeable margin expansion," noted Mr. Zapico.
Second Quarter and Full Year 2026 Outlook
"I am pleased with AMETEK’s results in the first quarter. Our businesses are performing very well and delivering exceptional results. AMETEK remains well positioned given our record backlog, momentum across attractive markets, and the proven strength and durability of the AMETEK Growth Model. Additionally, our balance sheet and strong cash flows provide us with meaningful capital to deploy on strategic acquisitions,” stated Mr. Zapico.
“For 2026, we now expect overall sales to be up high single digits compared to 2025. Adjusted earnings per diluted share are now expected to be in the range of $7.94 to $8.14, up 7% to 10% over the comparable basis for 2025. This is an increase from our prior guidance range of $7.87 to $8.07 per diluted share,” he added.
“For the second quarter of 2026, overall sales are expected to be up high single digits compared to the second quarter of 2025. Adjusted earnings in the quarter are anticipated to be in the range of $1.96 to $2.00 per share, up 10% to 12% compared to the second quarter of 2025,” concluded Mr. Zapico.
Conference Call
AMETEK will webcast its first quarter 2026 investor conference call on Thursday, April 30, 2026, beginning at 8:30 AM ET. The live audio webcast will be available and later archived in the Investors section of www.ametek.com.
Corporate Profile
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.
Forward-looking Information
Statements in this news release relating to future events, such as AMETEK’s expected business and financial performance, are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ materially from expectations. These factors and uncertainties include risks related to AMETEK’s ability to consummate and successfully integrate future acquisitions; risks with international sales and operations, including supply chain disruptions, tariffs, trade disputes and currency conditions; AMETEK’s ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic
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conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK’s filings with the U.S. Securities and Exchange Commission, including its most recent reports on Forms 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.
Contact:
Kevin Coleman Vice President
Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610.889.5247
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AMETEK, Inc.
Consolidated Statement of Income
(In thousands, except per share amounts)
(Unaudited)
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| Net sales | $ | 1,928,437 | $ | 1,731,971 | |||||||
| Cost of sales | 1,210,878 | 1,106,971 | |||||||||
| Selling, general and administrative | 202,623 | 170,171 | |||||||||
| Total operating expenses | 1,413,501 | 1,277,142 | |||||||||
| Operating income | 514,936 | 454,829 | |||||||||
| Interest expense | (20,909) | (18,993) | |||||||||
| Other (expense) income, net | (1,047) | (1,614) | |||||||||
| Income before income taxes | 492,980 | 434,222 | |||||||||
| Provision for income taxes | 93,623 | 82,464 | |||||||||
| Net income | $ | 399,357 | $ | 351,758 | |||||||
| Diluted earnings per share | $ | 1.74 | $ | 1.52 | |||||||
| Basic earnings per share | $ | 1.74 | $ | 1.52 | |||||||
| Weighted average common shares outstanding: | |||||||||||
| Diluted shares | 229,835 | 231,542 | |||||||||
| Basic shares | 228,903 | 230,668 | |||||||||
| Dividends per share | $ | 0.34 | $ | 0.31 | |||||||
AMETEK, Inc.
Information by Business Segment
(In thousands)
(Unaudited)
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| Net sales: | |||||||||||
| Electronic Instruments | $ | 1,264,536 | $ | 1,143,673 | |||||||
| Electromechanical | 663,901 | 588,298 | |||||||||
| Consolidated net sales | $ | 1,928,437 | $ | 1,731,971 | |||||||
| Operating income: | |||||||||||
| Segment operating income: | |||||||||||
| Electronic Instruments | $ | 373,938 | $ | 354,050 | |||||||
| Electromechanical | 170,766 | 128,718 | |||||||||
| Total segment operating income | 544,704 | 482,768 | |||||||||
| Corporate administrative expenses | (29,768) | (27,939) | |||||||||
| Consolidated operating income | $ | 514,936 | $ | 454,829 | |||||||
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AMETEK, Inc.
Condensed Consolidated Balance Sheet
(In thousands)
| March 31, | December 31, | ||||||||||
| 2026 | 2025 | ||||||||||
| (Unaudited) | |||||||||||
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 481,250 | $ | 457,951 | |||||||
| Receivables, net | 1,153,951 | 1,119,257 | |||||||||
| Inventories, net | 1,143,418 | 1,106,405 | |||||||||
| Other current assets | 358,889 | 336,229 | |||||||||
| Total current assets | 3,137,508 | 3,019,842 | |||||||||
| Property, plant and equipment, net | 840,388 | 855,215 | |||||||||
| Right of use assets, net | 263,167 | 273,142 | |||||||||
| Goodwill | 7,266,351 | 7,170,770 | |||||||||
| Other intangibles, investments and other assets | 4,802,121 | 4,748,574 | |||||||||
| Total assets | $ | 16,309,535 | $ | 16,067,543 | |||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Short-term borrowings and current portion of long-term debt, net | $ | 1,114,946 | $ | 1,208,975 | |||||||
| Accounts payable and accruals | 1,641,190 | 1,633,777 | |||||||||
| Total current liabilities | 2,756,136 | 2,842,752 | |||||||||
| Long-term debt, net | 1,062,603 | 1,074,334 | |||||||||
| Deferred income taxes and other long-term liabilities | 1,571,499 | 1,521,671 | |||||||||
| Stockholders' equity | 10,919,297 | 10,628,786 | |||||||||
| Total liabilities and stockholders' equity | $ | 16,309,535 | $ | 16,067,543 | |||||||
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AMETEK, Inc.
Reconciliations of GAAP to Non-GAAP Financial Measures
(In thousands, except per share amounts)
(Unaudited)
| Three Months Ended March 31, | |||||||||||||||||
| 2026 | 2025 | ||||||||||||||||
| EIG Segment operating income (GAAP) | $ | 373,938 | $ | 354,050 | |||||||||||||
Acquisition-related costs(1) | 1,615 | — | |||||||||||||||
| Adjusted EIG Segment operating income (Non-GAAP) | $ | 375,553 | $ | 354,050 | |||||||||||||
| Operating income (GAAP) | $ | 514,936 | $ | 454,829 | |||||||||||||
Acquisition-related costs(1) | 1,615 | — | |||||||||||||||
| Adjusted Operating income (Non-GAAP) | $ | 516,551 | $ | 454,829 | |||||||||||||
| Diluted earnings per share (GAAP) | $ | 1.74 | $ | 1.52 | |||||||||||||
Acquisition-related costs(1) | 0.01 | — | |||||||||||||||
Income tax benefit on acquisition-related costs(1) | — | — | |||||||||||||||
| Pretax amortization of acquisition-related intangible assets | 0.30 | 0.30 | |||||||||||||||
| Income tax benefit on amortization of acquisition-related intangible assets | (0.07) | (0.07) | |||||||||||||||
| Rounding | (0.01) | — | |||||||||||||||
| Adjusted Diluted earnings per share (Non-GAAP) | $ | 1.97 | $ | 1.75 | |||||||||||||
| Change | |||||||||||||||||
| EIG Segment operating margin (GAAP) | 29.6 | % | 31.0 | % | |||||||||||||
Acquisition-related costs(1) | 0.1 | % | — | % | |||||||||||||
Dilutive impact of acquisitions and foreign exchange(2) | 1.7 | % | — | % | |||||||||||||
| Adjusted EIG Segment operating margin (Non-GAAP) | 31.4 | % | 31.0 | % | 0.4 | % | |||||||||||
| Operating income margin (GAAP) | 26.7 | % | 26.3 | % | |||||||||||||
Acquisition-related costs(1) | 0.1 | % | — | % | |||||||||||||
Dilutive impact of acquisitions and foreign exchange(2) | 1.1 | % | — | % | |||||||||||||
| Adjusted Operating income margin (Non-GAAP) | 27.9 | % | 26.3 | % | 1.6 | % | |||||||||||
______________________
(1) - Acquisition-related costs are comprised of integration costs recorded in Cost of Sales.
(2) - Operating income margins adjusted for dilutive impact from acquisitions completed in the last twelve months and the foreign exchange impact.
Use of Non-GAAP Financial Information
The Company supplements its consolidated financial statements presented on a U.S. generally accepted accounting principles (“GAAP”) basis with certain non-GAAP financial information to provide investors with greater insight, increased transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial tables. These non-GAAP financial measures should be considered in addition to, and not as a replacement for, or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.
The non-GAAP financial measures referenced in this press release include adjusted operating income, adjusted operating margin, and adjusted earnings per share. These measures are adjusted to exclude items that management does not consider indicative of AMETEK’s ongoing operational performance, such as after-tax acquisition-related intangible amortization and one-time acquisition-related costs (including transaction related costs, purchase accounting adjustments, and integration related costs).
In providing forward-looking guidance for quarterly and full-year GAAP and non-GAAP measures, the Company has not included adjustments, such as acquisition-related costs, whose timing and/or magnitude are contingent on future events.
The Company believes that these measures provide useful information to investors by reflecting additional ways of viewing AMETEK’s operations that, when reconciled to the comparable GAAP measure, helps our investors to better understand the long-term profitability trends of our business, and facilitates easier comparisons of our profitability to prior and future periods and to our peers.
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| AMETEK, Inc. | ||||||||||||||||||||
| Reconciliations of GAAP to Non-GAAP Financial Measures | ||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||
| Forecasted Diluted Earnings Per Share | |||||||||||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||||||||||
| June 30, 2026 | December 31,2026 | ||||||||||||||||||||||
| Low | High | Low | High | ||||||||||||||||||||
| Diluted earnings per share (GAAP) | $ | 1.73 | $ | 1.77 | $ | 7.03 | $ | 7.23 | |||||||||||||||
| Pretax amortization of acquisition-related intangible assets | 0.30 | 0.30 | 1.21 | 1.21 | |||||||||||||||||||
| Income tax benefit on amortization of acquisition-related intangible assets | (0.07) | (0.07) | (0.30) | (0.30) | |||||||||||||||||||
| Adjusted Diluted earnings per share (Non-GAAP) | $ | 1.96 | $ | 2.00 | $ | 7.94 | $ | 8.14 | |||||||||||||||
Use of Non-GAAP Financial Information
The Company supplements its consolidated financial statements presented on a U.S. generally accepted accounting principles (“GAAP”) basis with certain non-GAAP financial information to provide investors with greater insight, increased transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial tables. These non-GAAP financial measures should be considered in addition to, and not as a replacement for, or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.
The non-GAAP financial measures referenced in this press release include adjusted operating income, adjusted operating margin, and adjusted earnings per share. These measures are adjusted to exclude items that management does not consider indicative of AMETEK’s ongoing operational performance, such as after-tax acquisition-related intangible amortization and one-time acquisition-related costs (including transaction related costs, purchase accounting adjustments, and integration related costs).
In providing forward-looking guidance for quarterly and full-year GAAP and non-GAAP measures, the Company has not included adjustments, such as acquisition-related costs, whose timing and/or magnitude are contingent on future events.
The Company believes that these measures provide useful information to investors by reflecting additional ways of viewing AMETEK’s operations that, when reconciled to the comparable GAAP measure, helps our investors to better understand the long-term profitability trends of our business, and facilitates easier comparisons of our profitability to prior and future periods and to our peers.
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Exhibit 99.2
AMETEK Announces Agreement to Acquire First Aviation Services
Berwyn, Pa., April 30, 2026 - AMETEK, Inc. (NYSE: AME) today announced that it has entered into a definitive agreement to acquire First Aviation Services, a leading provider of highly engineered, mission-critical defense and aviation maintenance, repair and overhaul (MRO) services and a manufacturer of related proprietary components.
First Aviation’s MRO capabilities include advanced electronics, rotor blades and assemblies, propellers, landing gear, and flight controls. In addition, First Aviation specializes in designing, engineering, and manufacturing critical parts across a wide range of defense and aviation platforms.
“First Aviation is a strong strategic fit with our MRO platform, providing attractive market expansion opportunities and broadening the scope of our component MRO services," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. “Their proprietary products and services further broaden our differentiated products serving mission critical applications. We look forward to leveraging our respective operating, engineering and distribution strengths to continue to grow our combined capabilities.”
First Aviation Services has annual sales of approximately $80 million and operates six centers of excellence throughout the U.S. The transaction is subject to customary closing conditions, including applicable regulatory approvals.
Corporate Profile
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.
Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610-889-5247
FAQ
How did AMETEK (AME) perform financially in the first quarter of 2026?
AMETEK delivered strong Q1 2026 results, with net sales of $1.93 billion, up 11% year over year. GAAP diluted EPS reached $1.74 and adjusted EPS was $1.97, up 13%, supported by higher operating income and improved margins.
What guidance did AMETEK (AME) provide for full year 2026 earnings?
AMETEK raised its 2026 earnings outlook, now expecting adjusted diluted EPS between $7.94 and $8.14. This represents 7%–10% growth over the comparable 2025 basis and is higher than the company’s prior guidance range of $7.87 to $8.07.
What is AMETEK’s outlook for the second quarter of 2026?
For Q2 2026, AMETEK expects continued growth, guiding to overall sales up high single digits versus Q2 2025. Adjusted diluted EPS is projected between $1.96 and $2.00, an increase of 10%–12% compared to the prior-year quarter.
How did AMETEK’s business segments perform in Q1 2026?
Both segments showed solid growth. Electronic Instruments generated $1.26 billion in sales, up 11%, while Electromechanical posted record sales of $663.9 million, up 13%. Electromechanical segment operating income grew 33% with significant margin expansion.
What acquisition did AMETEK (AME) announce involving First Aviation Services?
AMETEK agreed to acquire First Aviation Services, a provider of mission-critical defense and aviation MRO services and proprietary components. First Aviation has annual sales of about $80 million and operates six U.S. centers, with closing subject to customary conditions and regulatory approvals.
How are AMETEK’s non-GAAP metrics like adjusted EPS calculated?
AMETEK’s adjusted metrics exclude acquisition-related items, such as after-tax amortization of acquisition-related intangible assets and one-time acquisition-related costs. These adjustments are intended to highlight ongoing operational performance alongside reconciliations to the most comparable GAAP measures.