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Ametek continued to deliver excellent results with strong growth in the fourth quarter as well. The company delivered an all-around beat in this quarter and has seen a positive impact in the organic growth initiatives. In this quarter, the sales were up 8% over the same period in 2021. On the other hand, the organic sales growth was 9%. The company also had a backlog of $3.22 billion. The company is also working on its acquisition strategies as well. The management expects to remain active in 20
Companies: AMETEK (AME:NYSE)AMETEK, Inc. (AME:NYS)
Baptista Research
Ametek’s stock price has surged as the company delivered excellent results with strong sales growth as well as solid operational execution, thus leading to high earnings, both of which were well above market expectations. Operationally, the company's businesses are performing quite well and offsetting inflation successfully with price increases, thus resulting in an impressive margin expansion. Ametek also sees continued broad-based and strong demand across its diversified niche markets that lea
Ametek was able to surpass Wall Street expectations on all fronts in the previous quarter as a result of stronger-than-anticipated organic sales growth and impressive margin improvement. The demand in the company’s many specialty markets is very strong and broad-based, which has resulted in exceptional organic order growth and a robust backlog of $3.1 billion. Their EIG businesses continue to have very significant organic growth, with Ultra Precision Technologies and P&AI divisions showing parti
Companies: AMETEK, Inc. (AME:NYS)AMETEK, Inc. (0HF7:LON)
Ametek had a strong first quarter, with strong sales growth and excellent operating performance, resulting in robust core margin expansion and earnings that exceeded the company’s expectations. The company’s $1.46 billion worth of revenues were up 20% from the same period in 2021 driven by a 14% jump in organic sales. Its core Electronic Instruments Group (EIG) business which accounts for around two-thirds of the business grew by 31% whereas its Electromechanical Group (EMG) segment was relative
The year 2021 was particularly good for Ametek as the company delivered a strong operating performance, earnings above expectations, and better than expected sales growth. Strong demand is seen all over Ametek's diverse set of end markets, leading to a record backlog and robust order growth. However, the logistics and global supply chain networks along with inflation remain a challenge for the management. Ametek managed to carry out a high level of capital deployment that led to acquiring five s
Ametek had a very strong 2021 with earnings above expectations, strong operating performance, and better than expected sales growth. Strong demand is seen all over the company's diverse set of end markets, leading to a record backlog and robust order growth. However, the logistics and global supply chain networks along with inflation remain a challenge for the management. Ametek managed to carry out a high level of capital deployment that led to acquiring five strategic businesses. They are also
Ametek had another exceptional quarter, with better than expected sales growth, strong operating performance, and earnings that exceeded their expectations. Demand remained strong across its diverse end markets, resulting in strong order growth and a record backlog. While the global supply chain and logistics networks remain challenging, the management is doing an excellent job of navigating these issues and delivering results that exceed the market expectations. The company saw a staggering 28%
Ametek delivered exceptional results in the second quarter with compelling sales growth and excellent operating performance, leading to a high quality of earnings that exceeded the company's expectations. The company ended the quarter with a record backlog driven by robust and broad-based orders growth, providing strong visibility across their mid and long-cycle business profile. It is worth highlighting that their quarterly orders grew by $1.91 billion, a sharp increase of 92% compared to the p
Research Tree provides access to ongoing research coverage, media content and regulatory news on AMETEK, Inc.. We currently have 0 research reports from 3 professional analysts.
Strix has reported FY23 results to 31 December 2023 with adjusted PAT of £20.1m, in line with our updated forecast and company guidance provided in January. Revenue grew 35.2% to £144.6m, benefitting from the full year inclusion of the Billi acquisition, albeit slightly below our forecast of £151.0m. Its core Kettle Controls division also performed robustly, growing 2.7%, ahead of the broader market and indicating market share gain. Recent acquisitions have noticeably improved the Group’s growth
Companies: Strix Group PLC
Zeus Capital
Companies: Yu Group PLC
Liberum
Companies: FOG PEB KBT EMR TIME GETB JNEO
Cavendish
Cohort announces that its subsidiary SEA (Systems Engineering and Assessment Ltd.) has been awarded a major contract by the UK’s Ministry of Defence to provide Electronic Warfare Counter Measures (Increment 1a) (EWCM 1a) to the Royal Navy with a total value of at least £135m. This includes provision and support of SEA’s Trainable Decoy Launcher System, Ancilia. At the FY 24 interim results Cohort had commented on an overall “increased tempo” of order intake. The Group reported a closing order b
Companies: Cohort plc
Equity Development
The focus of Hardman & Co Research is on the nine quoted Infrastructure Investment Companies (IICs) and on the 22 Renewable Energy Infrastructure Funds (REIFs): the stocks analysed are all members of the Association of Investment Companies (AIC). We are updating our publication of January 2023, assessing both the lacklustre share price performances during 2023 and the key issues, including interest rates, inflation and power prices. As a 31-strong group, its combined market capitalisation is no
Companies: AEIT ROOF DGI9 INPP GSF SEIT USFP HICL ORIT BSIF TRIG NESF SEQI HEIT GRP GCP FSFL 3IN AERI PINT RNEW BBGI GSEO DORE TENT GRID CORD HGEN AEET
Hardman & Co
Companies: Luceco PLC
Positives emerged, particularly in H2, as the recovery commenced within the kettle controls market. Billi was the architect of the revenue improvement, with LAICA also delivering a double-digit increase in the top line. Margins improved, notwithstanding a change in the mix. Encouragingly, investor concerns on debt were allayed with the careful management of cash, and latterly as bankers raised the net debt/EBITDA covenant to 2.75x. With further emphasis on costs and cash conservation and a lik
Quadrise continues to advance towards commercial revenues for its innovative fuel and biofuel technologies, with each of its projects approaching key milestones in 2024. Preparatory steps for the MSC Shipmanagement (MSC) fuel trials are now complete and fuel supply agreements are nearing finalisation. Quadrise will achieve its first licensing revenues on the successful completion of Valkor’s project financing (timing uncertain). Quadrise also successfully concluded its Morocco trial, paving the
Companies: Quadrise PLC
Edison
Companies: FOG TND BVXP ACC HDD
Companies: Flowtech Fluidpower plc
Judges Scientific is a group involved in the buy and build of scientific instrumentation businesses. Testament to the strength of its highly engineered offer and global diversified customer base, total revenue increased an impressive 20.2% to £136.1m (organic +15%), with adj. PBT +7.5% to £31.7m (FY2022: £28.3m), 3.1% ahead of our estimate of £30.5m. Fully diluted (FD) adjusted EPS increased a more muted 2.6% (impacted by anticipated tax headwinds) to 368.5p (basic adj EPS 374.5p), 3.4% ahead of
Companies: Judges Scientific plc
WHIreland
Companies: Michelmersh Brick Holdings PLC
Canaccord Genuity
Companies: BILN IGP RBN SBTX
Gelion has reported in line H1 FY24 results that demonstrate continued strong cash management and steady progress in its pursuit of next generation lithium-sulphur battery technologies. Encouraging early test results justify last year’s IP acquisitions and validate Gelion’s Li-S battery technology plan, with additional progress expected to be reported in H2 alongside its pursuit of a strategic partner for its planned Advanced Commercial Prototyping Centre (ACPC) facility in Australia. There is a
Companies: Gelion PLC
Forterra’s FY23 (to 31 December) earnings were slightly higher than guidance, which was raised in January, with resilient pricing partly offsetting a steep fall in demand among its main end users, large housebuilders. Our estimates are broadly unchanged, other than reflecting a more conservative stance on the final dividend. Despite a cautious tone in the outlook statement, we believe the largest housebuilders may now rebound more strongly than smaller peers.
Companies: Forterra Plc
Progressive Equity Research
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