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Stock impact report

Ametek (AME) Q3 2024 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

AMETEK, Inc. (AME) 
Last ametek, inc. earnings: 2/5 06:55 am Check Earnings Report
Chairman & Chief Executive Officer — David A. Zapico Executive Vice President & Chief Financial Officer — Dalip Puri Vice President, Investor Relations & Treasurer — Kevin Coleman TAKEAWAYS Sales -- $1.71 billion, representing a 5% increase; organic sales declined 2%, acquisitions contributed 7.5%, and foreign currency impact was flat. Operating Income -- $446 million, up 2% with an operating margin of 26.1%; core margins (excluding acquisition and currency impact) reached 27.4%, up 40 basis points. EBITDA -- $553 million, rising 4%, with EBITDA margins at 31.2%. Orders -- Up 12% overall; organic orders increased 2%, with the company-wide book-to-bill ratio at 1.02 and backlog of $3.44 billion near record highs. Free Cash Flow -- $461 million, rising 4%; free cash flow conversion was 135% of net income. EPS -- Diluted earnings per share of $1.66, increasing 1% and above the prior guidance range of $1.60 to $1.62 per share. Share Repurchases -- $60 million deployed Show less Read more
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