10-QPeriod: Q2 FY2025

AMETEK INC/ Quarterly Report for Q2 Ended Jun 30, 2025

Filed July 31, 2025For Securities:AME

Summary

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 billion, 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.

Financial Highlights

52 data points
Beta

Revenue

$1.78B

35.8% Gross Margin

Net Income

$358.37M

20.2% Net Margin

EPS (Diluted)

$1.55

Total Assets

$15.27B

Cash & Equivalents

$619.71M

Free Cash Flow

$329.82M

Financial Statements
Beta
Revenue$1.78B
Cost of Revenue$1.14B
Gross Profit$635.89M
SG&A Expenses$174.26M
Operating Expenses$1.32B
Operating Income$461.63M
Net Income$358.37M
EPS (Basic)$1.55
EPS (Diluted)$1.55
Shares Outstanding (Basic)230.82M
Shares Outstanding (Diluted)231.47M

Key Highlights

  • 1Record net sales of $1.778 billion for the second quarter of 2025, up 2.5% year-over-year.
  • 2Diluted earnings per share increased by 6.9% to $1.55 for the second quarter of 2025.
  • 3Six-month net sales reached $3.510 billion, a 1.1% increase, with a 9.5% rise in net income to $710.1 million.
  • 4Strong order growth of 6.3% in Q2 2025, indicating continued demand for AMETEK's products.
  • 5Positive contributions from recent acquisitions (Kern Microtechnik and Virtek Vision International) to revenue and results.
  • 6Electromechanical Group (EMG) demonstrated robust performance with a 6.4% increase in net sales and a 16.9% increase in operating income for Q2 2025.
  • 7Significant reduction in interest expense, down 44.9% year-over-year for Q2 2025, contributing to improved profitability.

Frequently Asked Questions

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.

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.

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.

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.