Mettler-Toledo Q2 sales down 4% to $946.8M; adjusted EPS $9.65; raises full-year guidance

METTLER TOLEDO INTERNATIONAL INC/

2024-Q2 EPS reported $18.60 revenue$1,872,699,000

Reported Q2 sales $946.8M, down 4% YoY; local currency sales down 2%. Asia/Rest of World declined 12% in local currency, while Europe grew 6%.
GAAP EPS $10.37 includes a $1.07 one-time non-cash tax benefit; adjusted EPS $9.65, down 5% from $10.19.
FY 2024 adjusted EPS guidance raised to $40.20-$40.50 from $39.90-$40.40; local currency sales growth ~2% unchanged.
Q3 2024 adjusted EPS forecast $9.90-$10.05 (1-3% growth); local currency sales growth ~1%.
CEO cites continued weakness in China but expects return to growth in H2 due to easier comparisons and Spinnaker program.

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