Ametek forecasts weak 2025 profit on tepid demand for test and measurement systems
04/02/2025 14:52
Feb 4 (Reuters) - Industrial technology solutions
provider Ametek AME.N forecast lower-than-expected annual
profit on Tuesday amid weakness in demand for some of its test
and measurement systems, sending its shares down 4.5% in early
trading.
Ametek expects 2025 adjusted profit per share to be between
$7.02 to $7.18, below analysts' average expectation of $7.39 per
share, according to data compiled by LSEG.
The Berwyn, Pennsylvania-based company makes testing and
measurement instruments, medical devices and automation
solutions.
In the third-quarter, Ametek had warned that its customers
were delaying spending on test and measurement products made by
its Electronic Instruments Group (EIG) business, citing
economic, geopolitical and election uncertainties.
For the fourth quarter, Ametek said sales in the EIG
business, which caters to aerospace, medical, power and
industrial markets, fell 2% from a year ago to $1.21 billion.
"We remain cautious as we start the year given ongoing
macroeconomic uncertainties," an Ametek executive said during an
analyst call on Tuesday.
Separately, the company also announced the acquisition of
Germany-based ultra-precision manufacturing solutions maker Kern
Microtechnic to strengthen its EIG business.
The company posted an adjusted profit per share of $1.87 for
fourth quarter ended Dec. 31, in line with Wall Street
expectations.
Its quarterly net sales rose 2% to $1.76 billion, but fell
short of expectations of $1.82 billion.
(Reporting by Anandita Mehrotra in Bengaluru; Editing by Sahal
Muhammed)
((Anandita.Mehrotra@thomsonreuters.com;))