NYSE$MTD

Mettler-Toledo International Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Mettler-Toledo experienced sales growth and strong earnings growth, overcoming currency and tariff headwinds.

Mettler-Toledo International Inc. reported a 3% increase in reported sales compared to the prior year, with a 4% increase in local currency. EPS was $7.84, while adjusted EPS was $7.78, a 14% increase over the prior year. The company anticipates local currency sales growth of approximately 4% in 2020.

  • Reported sales increased 3% compared with the prior year.
  • In local currency, sales increased 4% in the quarter as currency reduced sales growth by 1%.
  • Net earnings per diluted share as reported (EPS) were $7.84, compared with $7.11 in the prior-year period.
  • Adjusted EPS was $7.78, an increase of 14% over the prior-year amount of $6.85.

Headline financials

Total Revenue

$844M

Previous: $818M+3.2%
EPS (adj)

$7.78

Previous: $6.85+13.6%
Gross Profit Margin

59.0%

No prior period
Adjusted Operating Profit

$256M

No prior period
Capital Expenditures

$25.7M

Previous: $46.1M-44.2%
Free Cash Flow

$176M

Previous: $153M+15.4%
Net Income

$193M

Previous: $181M+6.4%
Operating Income

$231M

No prior period
Gross Profit

$498M

Previous: $478M+4.3%
Cash & Equivalents

$208M

Previous: $178M+16.7%
Total Assets

$2.79B

Previous: $2.62B+6.5%
Stock-Based Comp

$5M

Previous: $5.07M-1.4%

Revenue & EPS history

Mettler-Toledo · Revenue · Quarterly

$844M

Q4 2019+3.2%vs Q4 2018
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Management anticipates local currency sales growth in 2020 will be approximately 4%. This sales growth is expected to result in Adjusted EPS in the range of $24.85 to $25.10, a growth rate of 9% to 10%.

Tailwinds

  • Local currency sales growth in 2020 will be approximately 4%.
  • Adjusted EPS in the range of $24.85 to $25.10.
  • Adjusted EPS growth rate of 9% to 10%.
  • Local currency sales growth and Adjusted EPS guidance remains unchanged from previous guidance.
  • The Company anticipates that local currency sales growth in the first quarter 2020 will be approximately 0% to 1%, and Adjusted EPS is forecasted to be in the range of $4.20 to $4.30, an increase of 2% to 5%.

Headwinds

  • They will face tough comparisons in the first quarter 2020 due to strong sales in the prior-year quarter.
  • They will face strong headwinds to Adjusted EPS due to adverse currency and the impact of tariff costs in the first quarter.
  • The Company expects a significant impact on its China sales in the first quarter due to the Wuhan Coronavirus.
  • Uncertainty remains in the macroeconomic environment.
  • Market conditions are subject to change.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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%

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