AME · AMETEK, Inc.

AMETEK delivered a strong start to fiscal 2026, with Q1 sales of $1.93 billion representing 11% growth over the prior year period. This performance was driven by a combination of solid organic sales growth and contributions from recent acquisitions. The Electronic Instruments Group (EIG) generated sales of $1.26 billion, up 11%, while the Electromechanical Group (EMG) achieved record sales of $663.9 million, up 13%. Profitability expanded significantly, with adjusted operating margins increasing 50 basis points to 26.8%, reflecting disciplined operating performance and margin expansion in EMG which saw operating margins rise 380 basis points to 25.7%. Adjusted diluted EPS of $1.97 increased 13% year-over-year.

The company also announced a definitive agreement to acquire First Aviation Services, a provider of mission-critical defense and aviation MRO services with approximately $80 million in annual sales. Management characterized the acquisition as a strong strategic fit that expands AMETEK's MRO platform and broadens component service capabilities. The transaction remains subject to customary closing conditions and regulatory approvals.

Looking forward, AMETEK raised its full-year 2026 adjusted EPS guidance to a range of $7.94 to $8.14, representing 7% to 10% growth over the comparable 2025 basis, an increase from the prior guidance range of $7.87 to $8.07. The guidance raise reflects confidence in the business trajectory, supported by a record backlog following 23% order growth in the quarter. For Q2 2026, the company expects adjusted EPS in the range of $1.96 to $2.00.