Mettler-Toledo Q4 GAAP EPS $8.52, adj EPS $9.40; sales down 12%; guides FY24 above prior

METTLER TOLEDO INTERNATIONAL INC/

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

Q4 GAAP EPS $8.52 vs $11.86 YoY; Adjusted EPS $9.40 vs $12.10; sales $935M, -12% reported.
Full-year 2023 GAAP EPS $35.90 vs $38.41; Adjusted EPS $38.03 vs $39.65; sales $3.788B, -3%.
Q4 results hit by ~$58M shipping delays from European logistics provider; expects recovery in Q1 2024.
Q1 2024 guidance: local currency sales -4% to -6%; Adjusted EPS $7.35-$7.75, down 11-15% YoY.
Full-year 2024 guidance raised: local currency sales +1% to +2%; Adjusted EPS $39.60-$40.30 vs prior $39.10-$39.80.

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 three and twelve months ended December 31, 2023 results: revenue total reported sales declined 12% to $935.0 million, EPS Net earnings per diluted share as reported (EPS) were $8.52.

Period: three and twelve months ended December 31, 2023
Revenue: total reported sales declined 12% to $935.0 million
EPS: Net earnings per diluted share as reported (EPS) were $8.52
Result: reported results

Exact text from the filing

METTLER-TOLEDO INTERNATIONAL INC. REPORTS FOURTH QUARTER 2023 RESULTS COLUMBUS, Ohio, USA – February 8, 2024 – Mettler-Toledo International Inc. (NYSE: MTD) today announced fourth quarter results for 2023. Provided below are the highlights: • Reported sales declined 12% compared with the prior year. In local currency, sales decreased 13% in the quarter as currency increased sales growth by 1%. • Net earnings per diluted share as reported (EPS) were $8.52, compared with $11.86 in the prior-year period.

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Source: SEC EDGAR

accession 0001037646-24-000005

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