Ametek forecasts 2026 profit below estimates on tariff uncertainty

Feb 3 (Reuters) - Ametek AME.N on Tuesday forecast 2026 profit below the midpoint of analysts' estimates, as tariff uncertainty presents a risk to demand for its industrial tools, sending its shares down 4% in premarket trading.

The Berwyn, Pennsylvania-based company now sees 2026 adjusted per share profit between $7.87 and $8.07, the midpoint of which is below analysts' estimates of $8.01, according to data compiled by LSEG.

The company expects its annual sales to be up mid- to high-single digit compared to last year.

Amid the Trump administration's changing tariff policy and macroeconomic jitters, companies are implementing price hikes to preserve margins, resulting in weaker demand.

In addition to the quarterly results, Ametek also announced the acquisition of LKC Technologies to expand its ophthalmic products business.

In May 2025, Ametek bought FARO Technologies for about $920 million to boost its precision technology portfolio in the electronic instruments division.

Ametek's adjusted profit rose to $2.01 per share in the quarter ended December 31 from $1.87 a year ago.

Analysts on average had expected a profit of $1.94 per share, according to data compiled by LSEG.

Ametek's fourth-quarter revenue rose to about $2.0 billion from $1.76 billion a year earlier.