AMETEK, Inc. (AME) Q1 2023 Earnings Call Transcript

AMETEK, Inc. (NYSE:AME) Q1 2023 Earnings Conference Call May 2, 2023 8:30 AM ET

Company Participants

Kevin Coleman - Vice President of Investor Relations, and Treasurer

Dave Zapico - Chairman and Chief Executive Officer

William Burke - Executive Vice President and Chief Financial Officer

Conference Call Participants

Matt Summerville - D.A. Davidson & Company

Allison Poliniak - Wells Fargo

Deane Dray - RBC Capital Markets

Joshua Pokrzywinski - Morgan Stanley

Robert Wertheimer - Melius Research

Nigel Coe - Wolfe Research

Christopher Glynn - Oppenheimer & Co. Inc

David Ridley-Lane - Bank of America

Michael Anastasiou - TD Cowen

Joseph Donahue - Baird

Operator

Good day and thank you for standing by. Welcome to the AMETEK’s First Quarter Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions] Please be advised that today’s conference is being recorded.

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

Kevin Coleman

Thank you, Chris. Good morning and thank you for joining us for AMETEK’s first 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 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 had an excellent start to 2023 with outstanding results in the first quarter. Continued solid demand across our diverse set of end markets led to strong sales in order of growth and another record backlog.