Ametek Q4 Profit Beats View; Sees Q1, 2015 Earnings In Line - Quick Facts

(RTTNews) - Ametek Inc. (AME) reported that its fourth-quarter net income increased to $152.00 million or $0.62 per share from $135.67 million or $0.55 per share in the same period last year.

Excluding Zygo integration costs of $5.2 million or $0.01 per share, adjusted net income for the quarter was $155.2 million or $0.63 per share, compared to $135.7 million or $0.55 per share in the prior-year quarter.

On average, thirteen analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter rose 9 percent to $1.02 billion from $942.47 million in the year-ago period. Wall Street expected revenues of $1.04 billion for the quarter.

Looking ahead to the first quarter, Ametek forecast earnings in a range of about $0.61 to $0.63 per share and revenue to increase mid-single digits on a percentage basis from the year-ago period. Analysts expect the company to earn $0.63 per share for the quarter on 6.9 percent increase in revenues to $1.04 billion.

For fiscal 2015, the company forecasts earnings in a range of $2.58 to $2.63 per share and revenue to increase in mid-single digits on a percentage basis from 2014. Street expects earnings of $2.62 per share for the year on 4.6 percent increase in revenues to $4.22 billion.