Strong Cash Flow and Earnings Growth
AMETEK reported robust free cash flow of $394 million, with a free cash flow to net income conversion of 112%. Earnings per share increased by 7% compared to the first quarter of 2024, exceeding guidance.
Record Backlog Levels
The company ended the first quarter with a near-record backlog of $3.47 billion, indicating strong demand and future revenue potential.
Electronic Instruments Group Performance
The Electronic Instruments Group delivered strong operating margins of 31%, with core margins up 110 basis points from the prior year.
Orders Growth
Overall orders increased by 8% and organic orders rose by 3% compared to the prior year.
Aerospace and Defense Market Strength
The Aerospace and Defense business experienced mid-single-digit growth, with strong performance in both commercial OEM and aftermarket segments.