NYSE$MTD
Mettler-Toledo International Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Mettler-Toledo's Q3 2023 earnings reflected a sales decline and mixed regional performance amid challenging market conditions.
Mettler-Toledo International Inc. reported a 4% decline in sales compared to the prior year, with local currency sales decreasing by 5%. EPS was $9.21, while adjusted EPS decreased by 4% to $9.80. The company noted good earnings and cash flow performance despite challenging market conditions in China and foreign currency headwinds.
- Reported sales decreased by 4% compared to the prior year, with local currency sales down by 5%.
- EPS was reported at $9.21, compared to $9.76 in the prior-year period.
- Adjusted EPS was $9.80, a 4% decrease from the prior-year amount of $10.18.
- Local currency sales increased 4% in Europe, declined 3% in the Americas, and declined 14% in Asia/Rest of World.
Headline financials
Revenue & EPS history
Mettler-Toledo · Revenue · Quarterly
$942M
Forward guidance
Mettler-Toledo anticipates a decline in local currency sales for Q4 2023 by approximately 7% to 8%, with Adjusted EPS expected to be $10.50 to $10.70, a decline of 12% to 13%. For the full year 2023, local currency sales are expected to decline approximately 1%, and Adjusted EPS is forecast to be in the range of $39.10 to $39.30, representing a decline of approximately 1%. The company anticipates local currency sales in 2024 will be approximately flat, resulting in Adjusted EPS in the range of $39.10 to $39.80, representing growth of approximately 0% to 2%.
Tailwinds
- Focus on strong execution of corporate programs like Spinnaker to drive growth and capture market share.
- Continued focus on SternDrive to manage costs effectively.
- Remarkable resilience and agility in adjusting to changing market conditions.
- Ongoing investment in long-term strategic priorities like innovation.
Headwinds
- Market conditions are expected to remain challenging in the near-term, especially in China.
- Difficult sales growth comparisons.
- Local currency sales for the fourth quarter of 2023 will decline approximately 7% to 8%.
- Adjusted EPS is forecast to be $10.50 to $10.70, a decline of 12% to 13%.
- Local currency sales in 2023 will decline approximately 1%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.6%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+0.0%
Avg return
30 days after
59%
41 / 69 earnings
Positive
+20.5%
Q1 2024
Best reaction
-8.0%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | -22.7% | -12.5% | |
| Q4 2025 | -0.7% | +0.7% | -12.5% | |
| Q3 2025 | +0.0% | +0.6% | -1.7% | |
| Q2 2025 | -3.0% | -1.0% | +5.5% | |
| Q1 2025 | +4.0% | +2.6% | +9.4% | |
| Q4 2024 | +2.4% | -3.3% | -4.8% | |
| Q3 2024 | -6.3% | -9.8% | -10.0% | |
| Q2 2024 | -5.2% | -9.1% | -5.4% | |
| Q1 2024 | +20.5% | +19.4% | +14.8% | |
| Q4 2023 | -3.2% | -4.6% | +8.3% | |
| Q3 2023 | +0.6% | +1.0% | +5.0% | |
| Q2 2023 | -2.0% | -3.8% | -12.0% | |
| Q1 2023 | -4.5% | -7.8% | -10.7% | |
| Q4 2022 | -2.7% | -0.6% | -7.8% | |
| Q3 2022 | +3.7% | +9.1% | +20.0% | |
| Q2 2022 | +6.0% | +5.2% | -1.7% | |
| Q1 2022 | -4.6% | -11.6% | -5.9% | |
| Q4 2021 | -8.0% | -8.0% | -15.7% | |
| Q3 2021 | +3.2% | +5.9% | +4.0% | |
| Q2 2021 | -0.9% | +0.6% | +5.2% | |
| Q1 2021 | -1.1% | -4.1% | -2.8% | |
| Q4 2020 | +0.6% | +1.5% | -10.8% | |
| Q3 2020 | +9.3% | +4.2% | +4.8% | |
| Q2 2020 | +4.1% | +3.4% | +7.6% | |
| Q1 2020 | +0.6% | -3.6% | +20.1% | |
| Q4 2019 | +1.0% | +0.1% | -8.1% | |
| Q3 2019 | -0.1% | +0.2% | +7.2% | |
| Q2 2019 | -5.1% | -6.6% | -13.2% | |
| Q1 2019 | -1.7% | -2.4% | +6.8% | |
| Q4 2018 | +1.1% | +2.6% | +3.9% | |
| Q3 2018 | +2.6% | -0.6% | -0.3% | |
| Q2 2018 | -3.7% | -3.3% | -7.3% | |
| Q1 2018 | -1.4% | -2.6% | +1.5% | |
| Q4 2017 | -6.5% | -4.4% | -4.0% | |
| Q3 2017 | -6.3% | -9.4% | -9.4% | |
| Q2 2017 | -3.3% | -4.1% | -1.2% | |
| Q1 2017 | +6.0% | +6.6% | +16.3% | |
| Q4 2016 | +6.2% | +6.4% | +10.6% | |
| Q3 2016 | +4.8% | +7.2% | +2.4% | |
| Q2 2016 | +5.2% | +2.4% | +4.7% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | +0.8% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | -0.0% | — | — | |
| Q1 2015 | +0.9% | — | — | |
| Q4 2014 | -0.5% | — | — | |
| Q3 2014 | +6.9% | — | — | |
| Q2 2014 | +1.8% | — | — | |
| Q1 2014 | +2.2% | — | — | |
| Q4 2013 | +6.8% | — | — | |
| Q3 2013 | -3.4% | — | — | |
| Q2 2013 | -1.1% | — | — | |
| Q1 2013 | +6.2% | — | — | |
| Q4 2012 | +2.5% | — | — | |
| Q3 2012 | +3.3% | — | — | |
| Q2 2012 | +3.1% | — | — | |
| Q1 2012 | -7.9% | — | — | |
| Q4 2011 | -0.4% | — | — | |
| Q3 2011 | +5.7% | — | — | |
| Q2 2011 | -7.6% | — | — | |
| Q1 2010 | -7.6% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q4 2008 | +0.8% | — | — | |
| Q4 2010 | +0.8% | — | — | |
| Q3 2010 | +3.1% | — | — | |
| Q3 2009 | +3.1% | — | — | |
| Q4 2009 | +0.9% | — | — | |
| Q2 2010 | +0.9% | — | — | |
| Q2 2009 | +0.9% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro