Mettler-Toledo Q2 adjusted EPS $10.19, slashes FY guidance to $40.30-$41.20

METTLER TOLEDO INTERNATIONAL INC/

2021-Q3 EPS reported $18.15 revenue$1,910,855,000

Q2 GAAP EPS $9.69; adjusted EPS $10.19 (+9% YoY); revenue $982.1M flat YoY.
Local currency sales +2% in Q2; currency reduced reported growth by 2%.
Q3 guidance: local currency sales -3% to -4%; adjusted EPS $9.55-$9.85 (-3% to -6% YoY).
FY 2023 guidance cut: local currency sales growth 0-1% (prev. ~5%); adjusted EPS $40.30-$41.20 (prev. $43.65-$43.95).
Management cites deteriorated China demand and increased economic uncertainty.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

METTLER TOLEDO INTERNATIONAL INC/ reported six months ended June 30, 2023 results: revenue $1,910.9 million, EPS $18.15.

Period: six months ended June 30, 2023
Revenue: $1,910.9 million
EPS: $18.15
Result: reported results

Exact text from the filing

EPS was $18.15, compared with the prior year amount of $16.84. Compared with the prior year, total reported sales increased 2% to $1,910.9 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

METTLER TOLEDO INTERNATIONAL INC/ reported second quarter of 2023 results: revenue $982.1 million, EPS $9.69.

Period: second quarter of 2023
Revenue: $982.1 million
EPS: $9.69
Result: reported results

Exact text from the filing

EPS in the quarter was $9.69, compared with the prior-year amount of $9.29. Compared with the prior year, total reported sales were flat at $982.1 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

METTLER TOLEDO INTERNATIONAL INC/ reported full year 2023 results: EPS $40.30 to $41.20. Guidance lowered.

Period: full year 2023
EPS: $40.30 to $41.20
Guidance: lowered
Result: guidance update

Exact text from the filing

For the full year, management anticipates local currency sales growth in 2023 will be approximately 0% to 1%, and Adjusted EPS is forecast to be in the range $40.30 to $41.20, representing growth of approximately 2% to 4%.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

METTLER TOLEDO INTERNATIONAL INC/ reported the third quarter of 2023 results: EPS $9.55 to $9.85. Guidance lowered.

Period: the third quarter of 2023
EPS: $9.55 to $9.85
Guidance: lowered
Result: guidance update

Exact text from the filing

management anticipates local currency sales for the third quarter of 2023 will decline approximately 3% to 4%, and Adjusted EPS is forecast to be $9.55 to $9.85, a decline of 3% to 6%.

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Source: SEC EDGAR

accession 0001037646-23-000022

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