AMETEK Announces Record Third Quarter 2026 Results and Raises Full Year Guidance
Exhibit 99.1 AMETEK Announces Record Third Quarter 2026 Results and Raises Full Year Guidance Berwyn, Pa., Nov 3, 2026 – AMETEK, Inc. (NYSE: AME) today announced its financial results for the third quarter ended September 30, 2026.
AMETEK’s third quarter 2026 sales were a record $2.22 billion, a 17% increase over the third quarter of 2025. On a GAAP basis, third quarter earnings were a record $1.85 per diluted share. Adjusted earnings for the third quarter were a record $2.21 per diluted share, up 17% from the prior year period. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization and transaction and integration costs of $0.36 per diluted share.
GAAP operating income for the quarter was a record $584.9 million. Adjusted operating income increased 20% to a record $594.7 million and operating margins were 26.8%, up 60 basis points from the third quarter of 2025. Operating cash flow in the quarter was up 27% to $560.6 million and free cash flow to net income conversion was 124%. A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website.
“AMETEK delivered outstanding results in the third quarter,” stated David A. Zapico, AMETEK Chairman and Chief Executive Officer . “Continued strong organic sales and orders growth, contributions from recent acquisitions, and tremendous operating performance led to 20% operating profit growth, an excellent 110 basis points of core margin expansion, and record free cash flow. In addition, during the third quarter we completed the acquisition of Indicor Instrumentation, an outstanding group of highly differentiated industrial technology businesses.”
EIG sales in the third quarter were a record $1.44 billion, an increase of 16% over the third quarter of 2025. On a GAAP basis, EIG’s third quarter operating income was a record $406.7 million. On an adjusted basis, EIG’s operating income was up 15% to a record $414.6 million.
"EIG delivered excellent results in the third quarter with robust sales growth, exceptional orders growth, and outstanding operating performance,” noted Mr. Zapico. “Sales growth in the quarter was broad based across our businesses driven by strong organic sales growth and contributions from recent acquisitions. Additionally, EIG’s tremendous operating performance drove core margin expansion of 60 basis points in the quarter.”
EMG sales in the third quarter were a record $778.0 million, up 20% from the prior year period. In the quarter, EMG’s GAAP operating income was a record $210.0 million. On an adjusted basis, EMG’s operating income increased 29% to a record $212.0 million and operating income margins were 27.2%.
“EMG delivered exceptional results in the third quarter. Overall sales were up 20%, driven by outstanding, broad-based organic sales growth and contributions from recent acquisitions. EMG also delivered tremendous operating results with a sizeable 29% growth in adjusted operating profit and 210 basis points of core margin expansion," noted Mr. Zapico.
“Our performance in the third quarter showcased the quality of our businesses, attractiveness of our end market exposures and the proven effectiveness of the AMETEK Growth Model. Our businesses are well positioned as mission-critical providers of highly engineered solutions and their alignment with key secular growth trends supports our broad-based growth in sales and orders. Additionally, our operating results reflect the value of our disciplined capital deployment and acquisition strategy,” added Mr. Zapico.
“For 2026, we now expect overall sales to be up mid-teens on a percentage basis versus 2025. Adjusted earnings per diluted share are now expected to be in the range of $8.53 to $8.57, up approximately 15% from our full year 2025 results. This is an increase from our prior guidance range of $8.20 to $8.30 per diluted share reflecting our excellent third quarter results and outlook for the fourth quarter, as well as the expected contribution from the acquisition of Indicor Instrumentation,” he added.
“For the fourth quarter of 2026, overall sales are expected to be up in the low 20% range versus the fourth quarter of 2025. Adjusted earnings in the quarter are expected to be in the range of $2.26 to $2.30 per share, up 12% to 14% compared to the fourth quarter of 2025,” concluded Mr. Zapico.
AMETEK will webcast its third quarter 2026 investor conference call on Tuesday, November 3, 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.
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annualized sales of approximately $9.0 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.
Statements in this news release relating to future events, such as AMETEK’s expected business and financial performance, are "forward-looking statements." These statements reflect management’s current expectations, estimates and projections regarding future events and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results and outcomes to differ materially from expectations. These factors and uncertainties include, among others, risks related to the Company’s ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations, including supply chain disruptions, tariffs, trade disputes, foreign currency fluctuations and geopolitical developments; the Company’s ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; cybersecurity and information technology risks; compliance with government regulations, including environmental regulations; changes in the competitive environment, the effects of competition in the Company’s markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries the Company serves. A detailed discussion of these and other factors that may affect the Company’s 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, unless required by the securities laws to do so.
Three Months Ended September 30, 2026 2025 ────────────────────────────────────────────────────────────────────────────── EIG Segment operating $ 406,743 $ 352,437 income (GAAP) Acquisition-related 7,822 7,750 costs(1) Adjusted EIG Segment operating income $ 414,565 $ 360,187 (Non-GAAP) EMG Segment operating $ 210,009 $ 163,875 income (GAAP) Acquisition-related 1,945 — costs(1) Adjusted EMG Segment operating income $ 211,954 $ 163,875 (Non-GAAP) Operating income (GAAP) $ 584,949 $ 488,380 Acquisition-related 9,767 7,750 costs(1) Adjusted Operating income $ 594,716 $ 496,130 (Non-GAAP) Other Income (Expense), $ -23,212 $ -17,901 net Acquisition-related $ 18,069 $ 11,992 costs(1) Adjusted Other Income (Expense) $ -5,143 $ -5,909 (Non-GAAP) Diluted earnings per $ 1.85 $ 1.60 share (GAAP) Acquisition-related 0.12 0.09 costs(1) Income tax benefit on acquisition-related -0.03 -0.02 costs(1) Pretax amortization of acquisition-related 0.35 0.29 intangible assets Income tax benefit on amortization of -0.09 -0.07 acquisition-related intangible assets Rounding 0.01 — Adjusted Diluted earnings per share $ 2.21 $ 1.89 (Non-GAAP) Cash provided by operating activities $ 560,647 $ 440,865 (GAAP) Deduct: Capital -33,242 -20,913 expenditures Free cash flow (Non-GAAP) $ 527,405 $ 419,952 Free cash flow conversion 124 % 113 % (Non-GAAP)
(1) - Acquisition-related costs comprised of integration costs recorded in Cost of Sales and transaction costs unique to completed business combinations recorded in Other Income (Expense), net.
Three Months Ended September 30, 2026 2025 Change EIG Segment operating 28.2 % 28.3 % margin (GAAP) Acquisition-… 0.5 % 0.6 % costs(1) Adjusted EIG Segment operating 28.7 % 28.9 % margin (Non-GAAP) Dilutive impact of acquisitions 0.8 % — % and foreign exchange(2) Adjusted EIG Segment core operating 29.5 % 28.9 % 0.6 % margin (Non-GAAP) EMG Segment operating 27.0 % 25.4 % margin (GAAP) Acquisition-… 0.2 % — % costs(1) Adjusted EMG Segment operating 27.2 % 25.4 % margin (Non-GAAP) Dilutive impact of acquisitions 0.3 % — % and foreign exchange(2) Adjusted EMG Segment core operating 27.5 % 25.4 % 2.1 % margin (Non-GAAP) Operating income margin 26.3 % 25.8 % (GAAP) Acquisition-… 0.5 % 0.4 % costs(1) Adjusted operating 26.8 % 26.2 % 0.6 % income margin (Non-GAAP) Dilutive impact of acquisitions 0.5 % — % and foreign exchange(2) Adjusted core operating 27.3 % 26.2 % 1.1 % income margin (Non-GAAP)
(1) - Acquisition-related costs comprised of integration costs recorded in Cost of Sales and transaction costs unique to completed business combinations recorded in Other Income (Expense), net.
(2) - Operating income margins adjusted for dilutive impact from acquisitions completed in the last twelve months and the foreign exchange gain or loss.
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, 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.
(3) - 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. Acquisition-related costs represent actual September 30, 2026 year-to-date adjustments.
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, 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.
Full text with the tables
Exhibit 99.1
AMETEK Announces Record Third Quarter 2026 Results and Raises Full Year Guidance
Berwyn, Pa., Nov 3, 2026 – AMETEK, Inc. (NYSE: AME) today announced its
financial results for the third quarter ended September 30, 2026.
AMETEK’s third quarter 2026 sales were a record $2.22 billion, a 17% increase
over the third quarter of 2025. On a GAAP basis, third quarter earnings were a
record $1.85 per diluted share. Adjusted earnings for the third quarter were a
record $2.21 per diluted share, up 17% from the prior year period. Adjusted
earnings adds back non-cash, after-tax, acquisition-related intangible
amortization and transaction and integration costs of $0.36 per diluted share.
GAAP operating income for the quarter was a record $584.9 million. Adjusted
operating income increased 20% to a record $594.7 million and operating margins
were 26.8%, up 60 basis points from the third quarter of 2025. Operating cash
flow in the quarter was up 27% to $560.6 million and free cash flow to net
income conversion was 124%. A reconciliation of reported GAAP results to
adjusted results is included in the financial tables accompanying this release
and on the AMETEK website.
“AMETEK delivered outstanding results in the third quarter,” stated David A.
Zapico, AMETEK Chairman and Chief Executive Officer . “Continued strong organic
sales and orders growth, contributions from recent acquisitions, and tremendous
operating performance led to 20% operating profit growth, an excellent 110 basis
points of core margin expansion, and record free cash flow. In addition, during
the third quarter we completed the acquisition of Indicor Instrumentation, an
outstanding group of highly differentiated industrial technology businesses.”
Electronic Instruments Group (EIG)
EIG sales in the third quarter were a record $1.44 billion, an increase of 16%
over the third quarter of 2025. On a GAAP basis, EIG’s third quarter operating
income was a record $406.7 million. On an adjusted basis, EIG’s operating income
was up 15% to a record $414.6 million.
"EIG delivered excellent results in the third quarter with robust sales growth,
exceptional orders growth, and outstanding operating performance,” noted Mr.
Zapico. “Sales growth in the quarter was broad based across our businesses
driven by strong organic sales growth and contributions from recent
acquisitions. Additionally, EIG’s tremendous operating performance drove core
margin expansion of 60 basis points in the quarter.”
Page | 1
Electromechanical Group (EMG)
EMG sales in the third quarter were a record $778.0 million, up 20% from the
prior year period. In the quarter, EMG’s GAAP operating income was a record
$210.0 million. On an adjusted basis, EMG’s operating income increased 29% to a
record $212.0 million and operating income margins were 27.2%.
“EMG delivered exceptional results in the third quarter. Overall sales were up
20%, driven by outstanding, broad-based organic sales growth and contributions
from recent acquisitions. EMG also delivered tremendous operating results with a
sizeable 29% growth in adjusted operating profit and 210 basis points of core
margin expansion," noted Mr. Zapico.
Fourth Quarter and Full Year 2026 Outlook
“Our performance in the third quarter showcased the quality of our businesses,
attractiveness of our end market exposures and the proven effectiveness of the
AMETEK Growth Model. Our businesses are well positioned as mission-critical
providers of highly engineered solutions and their alignment with key secular
growth trends supports our broad-based growth in sales and orders. Additionally,
our operating results reflect the value of our disciplined capital deployment
and acquisition strategy,” added Mr. Zapico.
“For 2026, we now expect overall sales to be up mid-teens on a percentage basis
versus 2025. Adjusted earnings per diluted share are now expected to be in the
range of $8.53 to $8.57, up approximately 15% from our full year 2025 results.
This is an increase from our prior guidance range of $8.20 to $8.30 per diluted
share reflecting our excellent third quarter results and outlook for the fourth
quarter, as well as the expected contribution from the acquisition of Indicor
Instrumentation,” he added.
“For the fourth quarter of 2026, overall sales are expected to be up in the low
20% range versus the fourth quarter of 2025. Adjusted earnings in the quarter
are expected to be in the range of $2.26 to $2.30 per share, up 12% to 14%
compared to the fourth quarter of 2025,” concluded Mr. Zapico.
Conference Call
AMETEK will webcast its third quarter 2026 investor conference call on Tuesday,
November 3, 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 annualized
sales of approximately $9.0 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.
Page | 2
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."
These statements reflect management’s current expectations, estimates and
projections regarding future events and are subject to known and unknown risks,
uncertainties, and other factors that may cause actual results and outcomes to
differ materially from expectations. These factors and uncertainties include,
among others, risks related to the Company’s ability to consummate and
successfully integrate future acquisitions; risks associated with international
sales and operations, including supply chain disruptions, tariffs, trade
disputes, foreign currency fluctuations and geopolitical developments; the
Company’s ability to successfully develop new products, open new facilities or
transfer product lines; the price and availability of raw materials;
cybersecurity and information technology risks; compliance with government
regulations, including environmental regulations; changes in the competitive
environment, the effects of competition in the Company’s markets; the ability to
maintain adequate liquidity and financing sources; and general economic
conditions affecting the industries the Company serves. A detailed discussion of
these and other factors that may affect the Company’s 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,
unless required by the securities laws to do so.
Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610.889.5247
Page | 3
AMETEK, Inc.
Consolidated Statement of Income
(In thousands, except per share amounts)
(Unaudited)
Th… Ni…
Mo… Mo…
En… En…
Se… Se…
2026 30, 20… 2026 30, 20…
──────────────────────────────────────────────────────────────────────────────
N… $ 2,… $ 1,8… $ 6,… $ 5,4…
s…
C…
of 1,… 1,2… 3,… 3,4…
s…
S…
g… 22… 197… 63… 542…
a…
a…
T…
o… 1,… 1,4… 4,… 3,9…
e…
O… 58… 488… 1,… 1,4…
i…
I… -3… -22… -9… -58…
e…
O…
(… -2… -17… -2… -22…
i…
n…
I…
b… 52… 447… 1,… 1,3…
i…
t…
P…
f… 95… 76,… 27… 242…
i…
t…
N… $ 42… $ 371… $ 1,… $ 1,0…
i…
D…
e… $ 1.… $ 1.60 $ 5.… $ 4.67
p…
s…
B…
e… $ 1.… $ 1.61 $ 5.… $ 4.69
p…
s…
W…
a…
c…
s…
o…
D… 230… 23… 229… 23…
s…
B… 229… 23… 229… 23…
s…
D…
p… $ 0.… $ 0.31 $ 1.… $ 0.93
s…
AMETEK, Inc.
Information by Business Segment
(In thousands)
(Unaudited)
Three Nine
Months Months
Ended Ended
Septem… Septe…
Net 30, 30,
sale… 2026 2025 2026 2025
──────────────────────────────────────────────────────────────────────────────
Elec… $ 1,442… $ 1,246,… $ 4,028,… $ 3,549…
Inst…
Elec… 777,9… 646,309 2,165,… 1,853…
Cons…
net $ 2,220… $ 1,892,… $ 6,193,… $ 5,402…
sales
Oper…
inco…
Segm…
oper…
inco…
Elec… $ 406,7… $ 352,437 $ 1,150,… $ 1,050…
Inst…
Elec… 210,0… 163,875 570,092 436,4…
Total
segm… 616,7… 516,312 1,720,… 1,487…
oper…
inco…
Corp…
admi… -31,8… -27,932 -92,417 -82,5…
expe…
Cons…
oper… $ 584,9… $ 488,380 $ 1,628,… $ 1,404…
inco…
Page | 4
AMETEK, Inc.
Condensed Consolidated Balance Sheet
(In thousands)
September 30,
ASSETS 2026 December 31,
Current assets: (Unaudited) 2025
──────────────────────────────────────────────────────────────────────────────
Cash and cash $ 666,152 $ 457,951
equivalents
Receivables, net 1,348,449 1,119,257
Inventories, net 1,366,845 1,106,405
Other current 393,853 336,229
assets
Total current 3,775,299 3,019,842
assets
Property, plant and 901,486 855,215
equipment, net
Right of use 284,603 273,142
assets, net
Goodwill 10,210,706 7,170,770
Other intangibles,
investments and 7,216,441 4,748,574
other
assets
Total assets $ 22,388,535 $ 16,067,543
LIABILITIES AND
STOCKHOLDERS'
EQUITY
Current
liabilities:
Short-term
borrowings and
current $ 639,822 $ 1,208,975
portion of
long-term debt, net
Accounts payable 1,998,404 1,633,777
and accruals
Total current 2,638,226 2,842,752
liabilities
Long-term debt, net 6,029,565 1,074,334
Deferred income
taxes and other 2,024,536 1,521,671
long-term
liabilities
Stockholders' 11,696,208 10,628,786
equity
Total liabilities
and stockholders' $ 22,388,535 $ 16,067,543
equity
Page | 5
AMETEK, Inc.
Reconciliations of GAAP to Non-GAAP Financial Measures
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended
September 30, 2026 2025
──────────────────────────────────────────────────────────────────────────────
EIG Segment operating $ 406,743 $ 352,437
income (GAAP)
Acquisition-related 7,822 7,750
costs(1)
Adjusted EIG Segment
operating income $ 414,565 $ 360,187
(Non-GAAP)
EMG Segment operating $ 210,009 $ 163,875
income (GAAP)
Acquisition-related 1,945 —
costs(1)
Adjusted EMG Segment
operating income $ 211,954 $ 163,875
(Non-GAAP)
Operating income (GAAP) $ 584,949 $ 488,380
Acquisition-related 9,767 7,750
costs(1)
Adjusted Operating income $ 594,716 $ 496,130
(Non-GAAP)
Other Income (Expense), $ -23,212 $ -17,901
net
Acquisition-related $ 18,069 $ 11,992
costs(1)
Adjusted Other Income
(Expense) $ -5,143 $ -5,909
(Non-GAAP)
Diluted earnings per $ 1.85 $ 1.60
share (GAAP)
Acquisition-related 0.12 0.09
costs(1)
Income tax benefit on
acquisition-related -0.03 -0.02
costs(1)
Pretax amortization of
acquisition-related 0.35 0.29
intangible assets
Income tax benefit on
amortization of -0.09 -0.07
acquisition-related
intangible assets
Rounding 0.01 —
Adjusted Diluted earnings
per share $ 2.21 $ 1.89
(Non-GAAP)
Cash provided by
operating activities $ 560,647 $ 440,865
(GAAP)
Deduct: Capital -33,242 -20,913
expenditures
Free cash flow (Non-GAAP) $ 527,405 $ 419,952
Free cash flow conversion 124 % 113 %
(Non-GAAP)
______________________
(1) - Acquisition-related costs comprised of integration costs recorded in Cost
of Sales and transaction costs unique to completed business combinations
recorded in Other Income (Expense), net.
Page | 6
AMETEK, Inc.
Reconciliations of GAAP to Non-GAAP Financial Measures
(In thousands, except per share amounts)
(Unaudited)
Three Months
Ended September
30,
2026 2025
Change
EIG Segment
operating 28.2 % 28.3 %
margin (GAAP)
Acquisition-… 0.5 % 0.6 %
costs(1)
Adjusted EIG
Segment
operating 28.7 % 28.9 %
margin
(Non-GAAP)
Dilutive
impact of
acquisitions 0.8 % — %
and
foreign
exchange(2)
Adjusted EIG
Segment core
operating 29.5 % 28.9 % 0.6 %
margin
(Non-GAAP)
EMG Segment
operating 27.0 % 25.4 %
margin (GAAP)
Acquisition-… 0.2 % — %
costs(1)
Adjusted EMG
Segment
operating 27.2 % 25.4 %
margin
(Non-GAAP)
Dilutive
impact of
acquisitions 0.3 % — %
and
foreign
exchange(2)
Adjusted EMG
Segment core
operating 27.5 % 25.4 % 2.1 %
margin
(Non-GAAP)
Operating
income margin 26.3 % 25.8 %
(GAAP)
Acquisition-… 0.5 % 0.4 %
costs(1)
Adjusted
operating 26.8 % 26.2 % 0.6 %
income margin
(Non-GAAP)
Dilutive
impact of
acquisitions 0.5 % — %
and
foreign
exchange(2)
Adjusted core
operating 27.3 % 26.2 % 1.1 %
income margin
(Non-GAAP)
______________________
(1) - Acquisition-related costs comprised of integration costs recorded in Cost
of Sales and transaction costs unique to completed business combinations
recorded in Other Income (Expense), net.
(2) - Operating income margins adjusted for dilutive impact from acquisitions
completed in the last twelve months and the foreign exchange gain or loss.
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, 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.
Page | 7
AMETEK, Inc.
Reconciliations of GAAP to Non-GAAP Financial
Measures
(Unaudited)
Foreca…
Diluted
Earnin…
Per
Share
Three Decemb…
Months 31, Year Decemb…
Ended 2026 Ended 31,2026
──────────────────────────────────────────────────────────────────────────────
Low High Low High
Dilut…
earni…
per $ 1.93 $ 1.97 $ 7.29 $ 7.33
share
(GAAP)
Pretax
amort…
of 0.44 0.44 1.39 1.39
acqui…
intan…
assets
Income
tax
benef…
on
amort… -0.11 -0.11 -0.34 -0.34
of
acqui…
intan…
assets
Acqui… — — 0.24 0.24
costs…
Income
tax
benef… — — -0.05 -0.05
on
acqui…
costs…
Adjus…
Dilut…
earni… $ 2.26 $ 2.30 $ 8.53 $ 8.57
per
share
(Non-…
______________________
(3) - 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. Acquisition-related costs represent actual September 30, 2026
year-to-date adjustments.
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, 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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