earnings
confidence high
sentiment positive
materiality 0.75
Q3 adjusted EPS $10.18 beats prior year; guides FY22 adj EPS $38.95-$39.05; adds $2.5B buyback
METTLER TOLEDO INTERNATIONAL INC/
2021-Q3 EPS reported
$26.58
revenue$2,862,024,000
- Q3 reported sales $985.8M (+4% reported, +10% local currency); GAAP EPS $9.76, adjusted EPS $10.18 (+17% YoY).
- Adjusted operating profit $307.2M (+13% YoY); local currency growth Americas +11%, Asia/RoW +15%, Europe +1%.
- Board authorizes additional $2.5B share repurchase; $1.2B remaining under prior authorization.
- Q4 outlook: local currency sales growth ~7%, adj EPS $11.55-$11.65; FY22 adj EPS $38.95-$39.05 (~15% growth).
- 2023 outlook: local currency sales growth ~5%, adj EPS $42.00-$42.40 (8-9% growth), ~4.5% currency headwind.