AMETEK, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2021
November 02, 2021 at 10:21 am EDT
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AMETEK, Inc. provided earnings guidance for the fourth quarter and full year of 2021. For the fourth quarter, the company expects overall sales to be up in the low 20% range compared to the fourth quarter of 2020. Diluted earnings per share expected to be in the range of $1.13 to $1.14.
For the full year of 2021, the company now expects overall sales to be up in the low 20% range with organic sales up low double digits on a percentage basis versus 2020. Diluted earnings per share expected to be in the range of $4.16 to $4.18.
AMETEK, Inc. is one of the world's leaders in manufacturing and marketing electronic instruments and electromechanical devices. Net sales break down by family of products as follows:
- electronic instruments (70.1%): instruments and screens for aircrafts cockpits, airborne electronic systems of data surveillance and registering, pressure, temperature and flow sensors for airline companies and aeronautical manufacturers, analysis devices for the medical and research sectors, measurement and surveillance instruments used in the processing industries, instruments and dashboards for heavy trucks and agricultural vehicles, etc.;
- electromechanical devices (29.9%): brushless motors, heat exchangers, connectors, terminals, thermal management subsystems, motors-blowers, etc. primarily for the aeronautic, automotive, medical, computing and defense sectors. The group also provides metal powders and alloys for the manufacturing of electronic components and automotive and aeronautic products.
At the end of 2023, the group had more than 150 production sites worldwide.
Net sales are distributed geographically as follows: United States (52.6%), Asia (20.9%), United Kingdom (3.3%), European Union (14.3%) and others (8.9%).
AMETEK, INC. 
