By Connor Hart
Shares of Ametek climbed after the company raised its full-year outlook, enabled by higher profit and sales during the recent quarter.
The stock was trading 6.9% higher, at 196.72, shortly after Thursday's opening bell. Shares have gained more than 16% over the past year.
The industrial technology company said before the bell that it now expects adjusted earnings of $7.32 to $7.37 a share for the year, up from a prior outlook of $7.06 to $7.20 a share. It backed its view for overall sales to be up mid-single digits from last year.
Analysts surveyed by FactSet are looking for adjusted earnings of $7.18 a share on sales of $7.25 billion, representing a 4.5% increase from last year.
For the current quarter, Ametek forecast adjusted earnings of $1.90 to $1.95 a share, and for sales to increase approximately 10%. Wall Street modeled adjusted earnings of $1.89 a share on sales of $1.93 billion, representing a 9.6% increase from a year ago.
The new outlook came as the company reported a third-quarter profit of $371.4 million, or $1.61 a share, up from $340.2 million, or $1.47 a share, in the same period last year.
Stripping out certain one-time items, earnings were $1.89. Analysts had expected adjusted earnings of $1.76 a share.
Quarterly sales jumped 11% to $1.89 billion, which the company called a record.
The company's electronic instruments group notched sales of $1.25 billion, up 10% year over year. Its electromechanical group, meanwhile, saw sales grow 13% to $646.3 million.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 30, 2025 09:43 ET (13:43 GMT)
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