Ametek (AME), the industrial technology solutions provider, reported record third-quarter sales of $2.22 billion, a 17% increase from the year-earlier period, and raised its full-year 2026 outlook after another quarter of double-digit growth.

The company said sales growth accelerated from 15% in the second quarter. GAAP earnings were a record $1.85 a share. Adjusted earnings were a record $2.21 a share, up 17% from the third quarter of 2025. Adjusted earnings add back non-cash, after-tax, acquisition-related intangible amortization and transaction and integration costs of $0.36 a share.

GAAP operating income was a record $584.9 million. Adjusted operating income rose 20% to a record $594.7 million. Adjusted operating margin was 26.8%, up 60 basis points from the third quarter of 2025. Core operating margin expanded 110 basis points to 27.3%. Operating cash flow increased 27% to $560.6 million. Free cash flow to net income conversion was 124%.

Chairman and Chief Executive Officer David A. Zapico attributed the results to continued strong organic sales and orders growth, contributions from recent acquisitions, and operating performance. He said the company completed the acquisition of Indicor Instrumentation during the third quarter.

Electronic Instruments Group sales were a record $1.44 billion, up 16% from the third quarter of 2025, after 14% growth in the second quarter. GAAP operating income for EIG was a record $406.7 million. Adjusted operating income rose 15% to a record $414.6 million. EIG core operating margin expanded 60 basis points to 29.5%. Zapico said sales growth was broad based across businesses, driven by strong organic sales growth and contributions from recent acquisitions, and that EIG’s operating performance drove 60 basis points of core margin expansion.

Electromechanical Group sales were a record $778.0 million, up 20% from the prior-year period, after 17% growth in the second quarter. GAAP operating income was a record $210.0 million. Adjusted operating income increased 29% to a record $212.0 million. EMG operating income margins were 27.2%. Core operating margin expanded 210 basis points to 27.5%. Zapico said overall sales were driven by outstanding, broad-based organic sales growth and contributions from recent acquisitions.

For 2026, Ametek now expects overall sales to be up mid-teens on a percentage basis versus 2025, an increase from prior guidance of approximately 10% growth. Adjusted earnings per diluted share are now expected in the range of $8.53 to $8.57, up approximately 15% from full-year 2025 results, compared with a prior range of $8.20 to $8.30. The company said the increase reflects excellent third-quarter results and the outlook for the fourth quarter, as well as the expected contribution from Indicor Instrumentation.

For the fourth quarter of 2026, overall sales are expected to be up in the low 20% range versus the fourth quarter of 2025. Adjusted earnings in the quarter are expected in the range of $2.26 to $2.30 a share, up 12% to 14% compared with the fourth quarter of 2025.

Zapico said the third quarter showcased the quality of the businesses, the attractiveness of end-market exposures, and the effectiveness of the AMETEK Growth Model, and that businesses are well positioned as mission-critical providers of highly engineered solutions.