AMETEK, Inc. (NYSE:AME) reported its Q4 results, with EPS of $1.37 coming in 4.6% ahead of the Street estimate, driven by strong revenues and good margin execution. Organic sales grew 17%, well ahead of estimates and demand remains intact as orders grew 22%.

While many companies struggled to deliver on margins this earnings season due to supply chain challenges and higher inflation, the company’s margins continue to exceed expectations, with an adjusted operating margin of 24%.

The company guided 2022 revenue growth of 10% year-over-year, with core margins expected to increase 30-40 bp, despite ongoing industry supply chain challenges.

The company spent $2 billion to acquire six businesses last year and indicated its deal pipeline remains active, implying another layer of inorganic growth potential ahead.