Mettler-Toledo Q3 sales -4% to $942.5M; cuts 2023 Adj EPS guidance to $39.10-$39.30

METTLER TOLEDO INTERNATIONAL INC/

2023-Q3 EPS reported $27.37 revenue$2,853,317,000

Q3 reported sales $942.5M (-4% YoY); local currency sales -5%; Adj EPS $9.80 vs $10.18 (-4%).
EMEA local-currency sales +4%, Americas -3%, Asia/ROW -14%; CEO cites challenging China conditions.
FY 2023 Adj EPS guidance cut to $39.10-$39.30 (prior $40.30-$41.20); local currency sales now -1% (prior flat).
Q4 2023 outlook: local currency sales -7 to -8%, Adj EPS $10.50-$10.70 (-12 to -13%); 1% currency headwind.
FY 2024 initial view: local currency sales ~flat, Adj EPS $39.10-$39.80 (0-2% growth); 2% FX headwind.

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 0.95

METTLER TOLEDO INTERNATIONAL INC/ reported the three and nine months ended September 30, 2023 results: EPS $9.21. Guidance lowered.

Period: the three and nine months ended September 30, 2023
EPS: $9.21
Guidance: lowered
Result: reported results

Exact text from the filing

On November 9, 2023 Mettler-Toledo International Inc. (Mettler-Toledo) issued a press release (the Release) setting forth its financial results for the three and nine months ended September 30, 2023.

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METTLER TOLEDO INTERNATIONAL INC/ filing history →

Source: SEC EDGAR

accession 0001037646-23-000034

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