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AMETEK Q2 profit climbs 6.7% YOY

AMETEK Inc. said its second-quarter normalized net income came to 55 cents per share, compared with the S&P Capital IQ consensus estimate of 62 cents per share.

EPS rose 8.2% year over year from 51 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $127.1 million, a gain of 6.7% from $119.1 million in the prior-year period.

The normalized profit margin fell to 11.9% from 12.2% in the year-earlier period.

Total revenue climbed 8.9% year over year to $1.06 billion from $977.7 million, and total operating expenses increased 9.7% on an annual basis to $832.2 million from $758.7 million.

Reported net income rose 8.7% year over year to $150.5 million, or 65 cents per share, from $138.5 million, or 59 cents per share.