AMETEK reported fourth quarter sales of $2.0 billion, marking a 13% increase from the prior year. On a GAAP basis, diluted earnings per share reached a record $1.73, while adjusted earnings per share rose 7% year-over-year to $2.01. These adjusted results exclude $17.6 million of pre-tax acquisition-related costs and $0.22 per share of non-cash amortization expenses. The performance reflects broad-based strength in both operating segments and disciplined cost management.

GAAP operating income for the quarter was $505.5 million, up 8% versus the fourth quarter of 2024, while adjusted operating income climbed 12% to $523.0 million. Operating cash flow reached a record $584.3 million and free cash flow was $527.3 million, representing a free cash flow to net income conversion of 132%. These metrics underscore AMETEK’s operational excellence and ability to convert revenue growth into robust cash generation.

The Electronic Instruments Group delivered quarterly sales of $1.37 billion, up 13%, with adjusted operating income of $413.7 million, a 7% increase and 50 basis points of core margin expansion. The Electromechanical Group achieved sales of $628.9 million, rising 15%, and operating income surged 28% to $142.5 million, boosting segment margins by 240 basis points to 22.7%. Both segments benefited from strong organic demand and contributions from recent acquisitions.

For full year 2026, AMETEK forecasts sales growth in the mid to high single-digit range and adjusted earnings per share between $7.87 and $8.07, representing 6% to 9% growth. The company enters the year with a record backlog, improving end-market conditions and financial flexibility to pursue both organic initiatives and strategic acquisitions. First quarter sales are expected to increase approximately 10%, with adjusted EPS of $1.85 to $1.90, up 6% to 9% year-over-year.