May 1 (Reuters) - Industrial tools maker Ametek Inc AME.N on Thursday reported a modest uptick in first-quarter earnings, aided by robust sales and order growth at its electromechanical business.
The Berwyn, Pennsylvania-based company expects to weather the tariff-led macroeconomic environment with a strong demand outlook and robust cash flow conversion.
"While uncertainty has increased as a result of the global trade dynamics, we believe we can offset tariff headwinds through the implementation of mitigation actions," CEO David Zapico said.
Ametek, which makes testing and measurement instruments, medical devices as well as automation solutions, reiterated its annual adjusted earnings forecast of $7.02 to $7.18 per share.
It expects full-year sales growth of low-single digits, compared with a year ago.
The company's adjusted earnings grew 7% to $1.75 per share in the first quarter from a year ago, beating analysts' average estimate of $1.69, according to LSEG data.
However, its quarterly sales of $1.73 billion were slightly lower than analysts' view.
Ametek's sales at the electromechanical group business touched a record high of $588.3 million in the three months ending March 31, led by strong order growth in the Paragon Medical business.
Sales at its electronic instruments group business, which caters to aerospace, medical, power and industrial markets, slipped 1% to $1.14 billion.
(Reporting by Sameer Manekar in Bengaluru; Editing by Shreya Biswas)
((Sameer.Manekar@thomsonreuters.com;))
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