Mettler-Toledo International Inc. (NYSE:MTD) Q1 2024 Earnings Call Transcript May 10, 2024 8:30 AM ET Company Participants Adam Uhlman - Head of IR Patrick Kaltenbach - CEO Shawn Vadala - CFO Conference Call Participants Dan Arias - Stifel Jack Meehan - Nephron Research Vijay Kumar - Evercore ISI Michael Ryskin - Bank of America Rachel Vatnsdal - JPMorgan Matt Sykes - Goldman Sachs Catherine Schulte - Baird Patrick Donnelly - Citi Joshua Waldman - Cleveland Research Operator Thank you for standing by. My na ...

Safe Harbor Statement 2 3 Adjusted EPS $8.89 Up 2% First Quarter 2024 Highlights We expect soft market conditions in the second quarter of 2024, particularly in China. We remain focused on the diligent execution of our growth strategies, while continuing to drive innovation and further strengthen our Company for the future. Sales by Geography benefit from recovering delayed Q4 shipments, LC sales declined about (6%) in Q1 2024 with the Americas (1%), Europe (5%), and Asia/ROW (12%). 6 Q1 local currency sale ...

Mettler-Toledo International, Inc. (MTD) reported first-quarter 2024 adjusted earnings of $8.89 per share, which beat the Zacks Consensus Estimate by 16.8%. The bottom line increased 2% on a year-over-year basis.Net sales of $925.95 million surpassed the Zacks Consensus Estimate of $880.7 million. However, the figure was down 0.3% on a reported basis and flat on a currency-neutral basis from the year-ago quarter.Softness in the Food Retail segment and weakening conditions in the Asia/Rest of the World regio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (State or other jurisdiction of (I.R.S Employer Identification No.) 1900 Polaris Parkway Columbus, OH 43240 and Im Langacher, P.O. Box MT-100 CH 8606 Greifensee, Switzerland 1-614-438-4511 and +41-44-944-22-11 ________________________________________________________________________________ (Registrant's telephone number, including area code) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

Mettler-Toledo (MTD) came out with quarterly earnings of $8.89 per share, beating the Zacks Consensus Estimate of $7.61 per share. This compares to earnings of $8.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.82%. A quarter ago, it was expected that this maker of precision instruments would post earnings of $10.32 per share when it actually produced earnings of $9.40, delivering a surprise of -8.91%.Over the last four ...

FOR IMMEDIATE RELEASE Exhibit 99.1 METTLER-TOLEDO INTERNATIONAL INC. REPORTS FIRST QUARTER 2024 RESULTS COLUMBUS, Ohio, USA – May 9, 2024 – Mettler-Toledo International Inc. (NYSE: MTD) today announced first quarter results for 2024. Provided below are the highlights: First Quarter Results Patrick Kaltenbach, President and Chief Executive Officer, stated, "Our first quarter results were much better than expected, although we continued to face reduced market demand, especially in China, versus the prior year ...

Mettler-Toledo International, Inc. (MTD) is scheduled to report first-quarter 2024 results on May 9.For the first quarter, MTD expects sales to decline 4-6% in local currency from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for the same is pegged at $880.7 million, indicating a fall of 5.2% from the year-ago period’s reported figure.Adjusted first-quarter earnings are anticipated to be $7.35-$7.75 per share, implying an 11-15% fall from the year-ago quarter’s reported number. The co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Registrant's telephone number, including area code) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-13595 Mettler-Toledo International Inc. (Exact name of registrant as specified i ...

Financial Data and Key Metrics Changes - Sales in Q4 2023 were $935 million, a decrease of 12% in USD and 13% in local currency [5][41] - Adjusted EPS for the quarter was $9.40, a 22% decrease compared to the prior year [44] - Adjusted operating income decreased by 21% in Q4, with an adjusted operating margin of 30.1%, down 380 basis points from the prior year [43][44] - Full year 2023 local currency sales declined by 3%, with adjusted EPS declining by 4% [7][16] Business Line Data and Key Metrics Changes - Laboratory sales decreased by 18% in Q4, while industrial sales decreased by 8% [14] - Food retail sales grew by 9% in Q4, and service sales grew by 6% [14] - For the full year 2023, laboratory sales decreased by 7%, industrial sales declined by 1%, and food retail increased by 27% [6] Market Data and Key Metrics Changes - Local currency sales in the Americas declined by 7%, Europe by 16%, and Asia by 18% in Q4 [5] - Local currency sales in China declined by 23% in Q4 [5] - For the full year 2023, local currency sales in China decreased by 10% [42] Company Strategy and Development Direction - The company is focused on increasing competitive advantages through innovation and continuous improvement [4] - The Spinnaker program aims to enhance sales and marketing initiatives, leveraging digitalization and big data analytics [24][53] - The company plans to maintain and add to cost savings programs in 2024 while facing headwinds from inflation [18] Management's Comments on Operating Environment and Future Outlook - Management expects market conditions to remain soft in the first half of 2024, with a return to growth anticipated in the second half [4] - There is cautious optimism regarding customer demand, particularly in the Americas, driven by onshoring activities [23][50] - Management remains cautious about the outlook for Europe due to low PMI readings and geopolitical tensions [51] Other Important Information - The company expects local currency sales to grow approximately 1% to 2% in 2024, with adjusted EPS guidance of $39.60 to $40.30 [19] - Free cash flow is expected to be approximately $850 million in 2024, with share repurchases also estimated at $850 million [48][105] Q&A Session Summary Question: What is the outlook for the lab business in Q1 2024? - The lab business is expected to decline low to mid-single digits in Q1 and grow low single digits for the full year [33] Question: What are the EBIT margin expectations for Q1? - EBIT margins are expected to be down about 200-240 basis points in Q1, with currency having a significant negative impact [63] Question: How has sentiment on China changed? - Sentiment remains weak in China, particularly in pharma and biopharma, with no further deterioration noted [68][70] Question: What are the expectations for Europe? - Europe is expected to show positive growth, but the outlook is cautious due to recent softness in demand [111] Question: What is the pricing benefit in Q4 and outlook for 2024? - The pricing benefit in Q4 was about 4%, with an expected price realization of around 2% for 2024 [129]

Earnings Call Webcast February 9, 2024 Mettler-Toledo International Inc. Q4 2023 Financial Results Statements in this presentation which are not historical facts constitute "forward looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These statements involve known and unknown risks, uncertainties and other factors that may cause our or our businesses, actual results, levels of activity, performance or achieveme ...