AMETEK Q1 Profit Increases - Quick Facts

(RTTNews) - AMETEK, Inc. (AME) reported first-quarter net income of $142.1 million or $0.59 per share, compared to $140.6 million or $0.57 per share, prior year. Excluding realignment costs, earnings per share was $0.63, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.63 for the quarter. Analysts' estimates typically exclude special items.

Sales increased to $984.06 million from $975.29 million last year. Analysts expected revenue of $1.03 billion for the quarter.

The company now anticipates 2015 sales to be down slightly compared to 2014 due to the impact of foreign currency. Organic sales are expected to increase low-single digits on a percentage basis over 2014, which is at the low-end of initial guidance range. The company continues to expect earnings for 2015, excluding first quarter realignment costs, to be in the range of $2.58 to $2.63 per share. Analysts expect the company to report fiscal 2015 earnings per share of $2.60.

AMETEK expects second quarter sales to be roughly flat with last year's second quarter. The company estimates earnings in the second quarter to be approximately $0.63 to $0.64 per share. Analysts expect the company to report second-quarter earnings per share of $0.66.