10-QPeriod: Q3 FY2025

AMETEK INC/ Quarterly Report for Q3 Ended Sep 30, 2025

Filed October 30, 2025For Securities:AME

Summary

AMETEK, Inc. (AME) reported a strong third quarter and first nine months of fiscal year 2025, demonstrating robust growth driven by both organic performance and strategic acquisitions. Net sales for the third quarter of 2025 reached a record $1.89 billion, a 10.8% increase year-over-year, fueled by a 4% organic sales increase and a significant 6% contribution from recent acquisitions. This growth trajectory continued into the first nine months, with net sales up 4.3% to $5.40 billion. The company also achieved record operating income and backlog in the third quarter, highlighting operational efficiency and strong demand for its products. Profitability remained strong, with diluted earnings per share for the third quarter increasing by 8.8% to $1.60, and for the nine-month period up 9.6% to $4.67. AMETEK successfully integrated its recent acquisitions, Kern Microtechnik and FARO Technologies, which are expected to enhance its ultra-precision technologies business. Despite the dilutive impact of these acquisitions on operating margins in the near term, underlying operational excellence initiatives and organic growth are driving margin expansion when excluding these effects. The company also maintained a healthy free cash flow of $1.14 billion for the nine-month period, supporting its financial flexibility and continued investment in growth.

Financial Highlights

52 data points
Beta

Revenue

$1.89B

36.3% Gross Margin

Net Income

$371.42M

19.6% Net Margin

EPS (Diluted)

$1.60

Total Assets

$16.18B

Cash & Equivalents

$439.24M

Free Cash Flow

$419.95M

Financial Statements
Beta
Revenue$1.89B
Cost of Revenue$1.21B
Gross Profit$686.14M
SG&A Expenses$197.76M
Operating Expenses$1.40B
Operating Income$488.38M
Net Income$371.42M
EPS (Basic)$1.61
EPS (Diluted)$1.60
Shares Outstanding (Basic)230.73M
Shares Outstanding (Diluted)231.67M

Key Highlights

  • 1Record Net Sales: Achieved $1.89 billion in net sales for Q3 2025, up 10.8% year-over-year, driven by organic growth and acquisitions.
  • 2Earnings Per Share Growth: Diluted EPS increased by 8.8% to $1.60 in Q3 2025 and by 9.6% to $4.67 for the first nine months of 2025.
  • 3Strategic Acquisitions: Successfully integrated Kern Microtechnik and FARO Technologies, contributing significantly to revenue growth.
  • 4Strong Order Book: Record orders of $1.97 billion in Q3 2025 and a record backlog of $3.55 billion at quarter-end indicate sustained demand.
  • 5Healthy Free Cash Flow: Generated $1.14 billion in free cash flow for the first nine months of 2025, demonstrating strong operational cash generation.
  • 6Segment Strength: Both Electronic Instruments Group (EIG) and Electromechanical Group (EMG) reported increased sales, with EMG showing particularly strong operating margin expansion.
  • 7Increased Dividend: Announced an 11% increase in quarterly cash dividend to $0.31 per common share.

Frequently Asked Questions

Recent acquisitions, specifically Kern Microtechnik and FARO Technologies, significantly contributed to AMETEK's revenue growth, accounting for a 6% increase in net sales for Q3 2025. While these acquisitions have a near-term dilutive impact on operating margins due to integration costs, they are expected to enhance the company's strategic positioning and long-term profitability.

Both the Electronic Instruments Group (EIG) and Electromechanical Group (EMG) demonstrated strong performance. EIG saw sales increase by 9.8% in Q3 2025, driven by acquisitions and currency effects. EMG reported a 12.6% increase in net sales and a notable 250 basis point expansion in operating margins, reflecting strong organic growth and operational excellence initiatives.

AMETEK continues to return value to shareholders through capital allocation. The company announced an 11% increase in its quarterly cash dividend to $0.31 per share. Additionally, AMETEK repurchased $163.6 million of its common stock in the first nine months of 2025, demonstrating a balanced approach to reinvestment and shareholder returns.

AMETEK has been proactive in addressing potential impacts of tariffs and trade restrictions by implementing targeted pricing, adjusting global supply chains, and leveraging its manufacturing footprint for localized production. While recent tariff modifications have not materially impacted results, the company continues to monitor the evolving situation and implement strategies to mitigate adverse effects.