AMETEK (AME) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 3, 2026 astatine 9:13 AM CST 50 min read

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Tuesday, Feb. 3, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Dave Zapico

• Chief Financial Officer — Dalip Puri

• Executive Vice President — Kevin Coleman

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Dave Zapico: Thank you, Kevin, and bully morning, everyone. AMETEK completed a beardown twelvemonth with fantabulous results successful the 4th quarter, highlighted by double-digit maturation successful sales, orders, and operating profit, robust halfway borderline expansion, beardown currency travel growth, and net per stock up of our expectations. In the quarter, we established records for sales, orders, operating income, EBITDA, diluted net per share, operating currency flow, and escaped currency flow. We besides ended the 4th with a grounds backlog and contiguous announced the acquisition of LKC Technologies, an charismatic exertion acquisition which broadens our med tech exposure. I'll supply much details connected LKC shortly. Now fto maine crook to our 4th fourth results.

Fourth 4th income were a grounds $2 billion, up 13% from the aforesaid play successful 2024. Organic income were up 5%, acquisitions added 7 points successful the quarter, and overseas currency was a one-point tailwind. Orders were precise beardown successful the 4th with wide orders up 18% to a grounds $2 cardinal and integrated orders up 7% versus the anterior year, starring to a grounds backlog of $3.58 billion. Sales and orders maturation consistently improved passim the year, with the 4th fourth maturation the strongest of the year. AMETEK delivered fantabulous operating results successful the quarter. Operating income was a grounds $523 million, a 12% summation implicit 2024.

Dalip Puri: Operating margins were 26.2% successful the quarter. Core margins were an awesome 27.6%, up 100 ground points. EBITDA successful the 4th was a grounds $618 million, up 10% versus the anterior year, and EBITDA margins, a beardown 30.9%. Our fantabulous operating show led to beardown currency generation, with escaped currency travel a grounds $527 cardinal successful the quarter, up 6% versus past year's 4th quarter, and escaped currency travel to nett income conversion of 132%. Diluted net per stock were a grounds $2.01, up 7% versus 2024 and supra our guidance scope of $1.90 to $1.95 per share.

Adjusting for an abnormally debased taxation complaint successful past year's 4th quarter, diluted net per stock would person accrued 11% successful the 4th connected a 5% summation successful integrated sales, reflecting beardown incremental margins. Now fto maine supply immoderate further details astatine the operating radical level. First, the Electronic Instruments Group. EIG delivered fantabulous operating show successful the 4th quarter, with grounds income and operating nett on with awesome halfway borderline expansion. EIG income were $1.37 billion, up 13% from past year's 4th quarter. Organic income were up 2%, acquisitions added 10 points, and currency was a one-point tailwind. We are encouraged by the integrated income maturation successful the 4th and the dependable betterment successful EIG maturation rates passim 2025.