AcquisitionsApr 30, 2026, 12:08 PM
AME to Acquire First Aviation Services; Reports Record Q1 Results, Raises FY Guidance
AI Summary
AMETEK, Inc. announced an agreement to acquire First Aviation Services, a leading provider of mission-critical defense and aviation MRO services with approximately $80 million in annual sales, expanding its MRO platform. Concurrently, AMETEK reported record first-quarter 2026 financial results, with sales increasing 11% to $1.93 billion and adjusted diluted EPS rising 13% to $1.97. The company also raised its full-year 2026 adjusted EPS guidance to a range of $7.94 to $8.14, reflecting strong organic growth and robust end-market demand.
Key Highlights
- AME to acquire First Aviation Services, a defense and aviation MRO provider with $80M annual sales.
- Q1 2026 sales increased 11% YoY to $1.93 billion.
- Q1 2026 adjusted diluted EPS rose 13% YoY to $1.97.
- Full-year 2026 adjusted EPS guidance raised to $7.94-$8.14, up 7%-10%.
- Electronic Instruments Group (EIG) sales up 11% to $1.26 billion.
- Electromechanical Group (EMG) sales up 13% to $663.9 million.
- Record orders up 23% in Q1, leading to a record backlog.