earnings
confidence high
sentiment positive
materiality 0.75
Mettler-Toledo Q1 sales flat $925.9M; adjusted EPS $8.89 (+2%); raises FY guidance
METTLER TOLEDO INTERNATIONAL INC/
2024-Q1 EPS reported
$8.24
revenue$925,949,000
- GAAP EPS $8.24 vs $8.47 prior year; sales flat at $925.9M; adjusted EPS $8.89 (+2% YoY).
- Local currency sales flat YoY, benefiting 6% from recovering delayed Q4 2023 shipments; Europe +6%, Americas +3%, Asia/Rest -8%.
- Q2 2024 guidance: local currency sales -4%, adjusted EPS $8.90-$9.05 (down 11-13%). Full year raised: local currency sales +2%, adjusted EPS $39.90-$40.40 (previous $39.60-$40.30).
- FX headwind of 2% for adjusted EPS in both Q2 and full year; soft market conditions especially in China.
- Adjusted operating profit $267.3M vs $266.5M prior year; productivity/cost initiatives offset FX.