AMETEK, Inc. (NYSE:AME) Q3 2023 Earnings Conference Call October 31, 2023 8:30 AM ET

Company Participants

Kevin Coleman - VP, IR & Treasurer

Dave Zapico - Chairman and CEO

William Burke - EVP and CFO

Conference Call Participants

Deane Dray - RBC Capital Markets

Matt Summerville - D.A. Davidson

Allison Poliniak - Wells Fargo

Jeffrey Sprague - Vertical Research Partners

Scott Graham - Seaport Research Partners

Nigel Coe - Wolfe Research

Christopher Glynn - Oppenheimer

Peter Costa - Mizuho

David Ridley-Lane - Bank of America

Michael Anastasiou - TD Cowen

Operator

Good day and welcome to the AMETEK's Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentations, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Kevin Coleman, Vice President of Investor Relations and Treasurer. Please go ahead.

Kevin Coleman

Thank you, Abigail. Good morning and thank you for joining us for AMETEK's third quarter 2023 Earnings Conference Call. With me today are Dave Zapico, Chairman and Chief Executive Officer and Bill Burke, Executive Vice President and Chief Financial Officer.

During the course of today's call, we will be making forward-looking statements, which are subject to change based on various risk factors and uncertainties that may cause actual results to differ significantly from expectations.

A detailed discussion of the risk and uncertainties that may affect our future results is contained in AMETEK's filings with the SEC. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.

Any references made on this call to 2022 or 2023 results or to 2023 guidance will be on an adjusted basis, excluding after-tax, acquisition-related intangible amortization. Reconciliations between GAAP and adjusted measures can be found in our press release and on the Investors section of our website.

We'll begin today's call with prepared remarks by Dave and Bill, and then we'll open it up for questions.

I'll now turn the meeting over to Dave.

Dave Zapico

Thank you, Kevin, and good morning, everyone. AMETEK delivered excellent results in the third quarter, highlighted by outstanding operational execution, superb margin expansion, strong cash flows and earnings ahead of our expectations.

In the quarter, we established records for operating income, operating margins, earnings per share, EBITDA and cash flows. Given these strong results and our outlook for the balance of the year, we have again, increased our earnings guidance for the full year.