NYSE$MTD
Mettler-Toledo International Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Mettler-Toledo's Q4 2020 results showed strong sales growth and adjusted EPS, driven by growth in all regions, particularly in the Laboratory business and China.
Mettler-Toledo International Inc. reported an 11% increase in reported sales and a 19% increase in adjusted EPS for Q4 2020. The company benefited from strong execution and improved customer demand, with particularly strong growth in the Laboratory business and in China. Strong sales growth combined with good cost control and the benefit of ongoing margin and productivity initiatives, contributed to strong growth in Adjusted Operating Profit and Adjusted EPS.
- Reported sales increased by 11% compared to the prior year.
- Sales in local currency increased by 7% in the quarter.
- Adjusted EPS was $9.26, a 19% increase over the prior year.
- Strong sales growth combined with good cost control contributed to Adjusted Operating Profit and Adjusted EPS.
Headline financials
Revenue & EPS history
Mettler-Toledo · Revenue · Quarterly
$938M
Forward guidance
Management anticipates local currency sales growth in 2021 will be in the range of 5% to 7%, and Adjusted EPS is forecasted to be in the range of $29.20 to $29.80, an increase of 14% to 16%. For the first quarter of 2021, the Company anticipates that local currency sales growth will be in the range of 11% to 13% and Adjusted EPS is forecasted to be $5.55 to $5.70, a growth rate of 39% to 43%.
Tailwinds
- Local currency sales growth in 2021 will be in the range of 5% to 7%.
- Adjusted EPS is forecasted to be in the range of $29.20 to $29.80, an increase of 14% to 16%.
- Local currency sales growth will be in the range of 11% to 13% for Q1 2021.
- Adjusted EPS is forecasted to be $5.55 to $5.70 for Q1 2021, a growth rate of 39% to 43%.
- Company is well positioned to continue to gain share and deliver strong results.
Headwinds
- Forecasting continues to be challenging given the uncertainty surrounding COVID-19.
- Market dynamics and impacts related to COVID-19 are fluid and changes to the business environment can happen quickly.
- Estimates include significant uncertainty and management acknowledges that market conditions are subject to change.
- Has not provided an outlook for reported sales growth or EPS as it would require an estimate of currency exchange fluctuations and non-recurring items, which are not yet known.
- Uncertainty remains surrounding the ultimate impact to the economy from COVID-19.
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 2020
+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% | — | — |
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