Mettler-Toledo warns Q4 sales decline ~13% local currency, below guidance; withdraws EPS forecast

METTLER TOLEDO INTERNATIONAL INC/

2023-FY EPS reported $35.90 revenue$3,788,309,000

Preliminary Q4 2023 local currency sales decline ~13%, worse than prior guidance of -7% to -8%.
Reported sales decline ~12%; currency tailwind of ~1%.
Shipping delays with new European logistics provider caused shortfall; expects largely recover in Q1 2024.
Withdrew previously-issued Adjusted EPS guidance while evaluating impact of delays.
Will present at J.P. Morgan Healthcare Conference Jan 10; full Q4 results on Feb 8.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

METTLER TOLEDO INTERNATIONAL INC/ updated its the fourth quarter ended December 31, 2023 guidance (lowered).

Period: the fourth quarter ended December 31, 2023
Guidance: lowered
Result: preliminary results

Exact text from the filing

Mettler-Toledo International Inc. (NYSE: MTD) today announced that sales and Adjusted EPS for the fourth quarter of 2023 will be below its previously-issued guidance due to unexpected shipping delays with a new external European logistics service provider, which the Company expects to largely recover in the first quarter of 2024.

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Source: SEC EDGAR

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