While reporting financial results for the fourth quarter on Thursday, AMETEK, Inc. (AME) provided adjusted earnings and sales growth guidance for the first quarter and for the full-year 2021.
For the first quarter, the company expects adjusted earnings in a range of $0.97 to $1.02 per share on year-over-year sales decline in the low-to-mid single digit percentage.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.02 per share on a sales decline of 0.3 percent to $1.20 billion for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2021, the company now projects adjusted earnings in a range of $4.18 to $4.30 per share on year-over-year sales growth in the mid-single digit percentage. The Street is looking for earnings of $4.26 per share on a sales growth of 7.9 percent to $4.90 billion for the year.
"While uncertainty remains, our diverse end markets, record backlog and solid order momentum provide a positive outlook for the year ahead," said David Zapico, Chairman and Chief Executive Officer.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.