Ametek raises FY23 adjusted EPS view to $6.18-$6.26 from $5.96-$6.10

Consensus $6.11. Backs FY23 revenue view up mid to high single digits, consensus $6.64B. “For 2023, we expect overall sales to be up mid-to-high single digits compared to 2022. Adjusted diluted earnings per share are now expected to be in the range of $6.18 to $6.26, an increase of 9% to 10% over the comparable basis for 2022. This is an increase from our previous guidance range of $5.96 to $6.10 per diluted share. We expect overall sales in the third quarter to be up mid-single digits on a percentage basis versus the prior year. Third quarter adjusted earnings per diluted share are anticipated to be in the range of $1.56 to $1.58, up 8% to 9% compared to the third quarter of 2022,” concluded Zapico.