01—Abstract
Summary
Summary of the 10-Q filed July 31, 2025. Cited figures are marked; the original filing is the authoritative source.
AMETEK, Inc. reported a solid second quarter and first half of 2025, demonstrating resilience and growth.
For the quarter ended June 30, 2025, the company achieved record net sales of $1.778 billiona, a 2.5% increase year-over-year, driven by acquisitions and favorable foreign currency translation. Diluted earnings per share also saw a healthy increase of 6.9% to $1.55. The company's performance was bolstered by contributions from recent acquisitions, namely Virtek Vision International and Kern Microtechnik, alongside ongoing Operational Excellence initiatives.
Both reportable segments, Electronic Instruments Group (EIG) and Electromechanical Group (EMG), contributed to the results, with EMG showing particularly strong organic sales growth. Financially, AMETEK maintained a strong balance sheet with decreasing debt levels and robust operating cash flow.
02—Key points
Key Highlights
- Record net sales of $1.778 billion for the second quarter of 2025, up 2.5% year-over-year.
- Diluted earnings per share increased by 6.9% to $1.55 for the second quarter of 2025.
- Six-month net sales reached $3.510 billion, a 1.1% increase, with a 9.5% rise in net income to $710.1 million.
- Strong order growth of 6.3% in Q2 2025, indicating continued demand for AMETEK's products.
- Positive contributions from recent acquisitions (Kern Microtechnik and Virtek Vision International) to revenue and results.
- Electromechanical Group (EMG) demonstrated robust performance with a 6.4% increase in net sales and a 16.9% increase in operating income for Q2 2025.
- Significant reduction in interest expense, down 44.9% year-over-year for Q2 2025, contributing to improved profitability.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q2 FY2025, Ametek Inc kept $0.20.
- Revenue$1.78B100.0%
- Cost of revenue−$1.14B64.2%
- Gross profit$635.9M35.8%
- Operating costs−$174.3M9.8%
- Operating income$461.6M26.0%
- Interest, other & tax−$103.3M5.8%
- Net income$358.4M20.2%
04—Financials
Financial Highlights
Figures from 10-QQ2 FY2025filed July 31, 2025Financial Statements
Q2 FY2025 against Q2 FY2024
| Line item | Q2 FY2025Q2 FY2024 | Change |
|---|---|---|
| Revenue | $1.78B$1.73B | +2.5% |
| Cost of Revenue | $1.14B$1.11B | +2.9% |
| Gross Profit | $635.89M$624.41M | +1.8% |
| SG&A Expenses | $174.26M$176.90M | −1.5% |
| Operating Expenses | $1.32B$1.29B | +2.3% |
| Operating Income | $461.63M$447.51M | +3.2% |
| Net Income | $358.37M$337.68M | +6.1% |
| EPS (Basic) | $1.55$1.46 | +6.2% |
| EPS (Diluted) | $1.55$1.45 | +6.9% |
| Shares Outstanding (Basic) | 230.82M231.44M | −0.3% |
| Shares Outstanding (Diluted) | 231.47M232.30M | −0.4% |
05—Questions
Frequently Asked Questions
What were the primary drivers of AMETEK's sales growth in the second quarter of 2025?
AMETEK's sales growth in the second quarter of 2025 was primarily driven by contributions from recent acquisitions, specifically Kern Microtechnik and Virtek Vision International, which accounted for a 2% increase in net sales. Additionally, a 1% favorable effect from foreign currency translation contributed to the overall sales increase.
How did the company's profitability change compared to the prior year's second quarter?
Profitability improved year-over-year. Net income for the second quarter of 2025 increased by 6.1% to $358.4 million, and diluted earnings per share rose by 6.9% to $1.55. This improvement was supported by increased sales, reduced interest expenses, and operational efficiencies.
What is the outlook for AMETEK's financial condition, and what is the impact of recent acquisitions?
AMETEK's financial condition remains strong, with a decrease in total debt and robust operating cash flow. The company has successfully integrated recent acquisitions, with Kern and Virtek contributing positively to results. The acquisition of FARO Technologies in July 2025 for approximately $920 million is a significant post-period event that is expected to further enhance the Electronic Instruments Group segment.
How has AMETEK managed its debt and capital structure?
AMETEK has actively managed its debt, reducing total net debt to $1,942.0 million as of June 30, 2025, from $2,079.7 million at December 31, 2024. This has resulted in a lower debt-to-capital ratio of 15.7% and a net debt-to-capital ratio of 11.3%. The company also increased its quarterly cash dividend by 11% in February 2025.
06—Continue