AMETEK (AME) investor relations material

Executive summary

• Achieved record Q2 2025 sales of $1.78B, up 2.5% year-over-year, with strong margin expansion and earnings growth despite economic uncertainty.

• Raised full-year sales and earnings guidance, reflecting Q2 results and the acquisition of FARO Technologies.

• Orders increased 6.3% to $1.78B, with backlog near record levels at $3.47B.

• Integration of recent acquisitions, including FARO and Paragon, is progressing well, with synergies and margin expansion expected.

• Operational Excellence initiatives and acquisitions contributed positively to results.

Financial highlights

• Q2 sales reached $1.78B, up 2.5% year-over-year; organic sales flat, acquisitions added 1.5 points, FX added 1 point.

• Operating income was $462M, up 3% year-over-year; operating margin 26%, up 20 bps.

• EBITDA hit a record $565M, up 4% year-over-year; EBITDA margin 31.8%.

• EPS was $1.78 (adjusted), up 7% year-over-year; GAAP EPS was $1.55.

• Operating cash flow was $359M; free cash flow $330M; YTD free cash flow conversion at 102% of net income.

Outlook and guidance

• Full-year 2025 sales expected to rise mid-single digits vs. 2024; adjusted EPS guidance raised to $7.06–$7.20, up 3–5% year-over-year.

• Q3 2025 sales expected up mid-single digits; adjusted EPS guidance $1.72–$1.76, up 4–6% year-over-year.

• Organic growth for the year expected to be positive low single digits; acquisitions and FX to drive mid-single digit total growth.

• Management highlights ongoing risks from tariffs, trade disputes, and global economic uncertainty.

• Operational Excellence and recent acquisitions expected to continue supporting growth.