NYSE$MTD

Mettler-Toledo International Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong Q4 2021 results with sales growth and solid earnings, overcoming global supply chain challenges.

Mettler-Toledo International Inc. reported an 11% increase in both reported sales and local currency sales for Q4 2021 compared to the previous year. EPS was $9.94, while adjusted EPS reached $10.53, a 14% increase year-over-year. The company capitalized on strong customer demand and executed well, particularly in the Americas and Asia/Rest of World, with robust growth in Laboratory and Industrial product lines.

  • Reported sales and local currency sales both increased by 11% in Q4 2021 compared to the prior year.
  • EPS was $9.94, compared to $9.03 in the prior-year period.
  • Adjusted EPS was $10.53, a 14% increase over the prior-year amount of $9.26.
  • Growth was particularly strong in the Americas and Asia/Rest of World.

Headline financials

Total Revenue

$1.04B

Previous: $938M+10.6%
EPS (adj)

$10.53

Previous: $9.26+13.7%
Adjusted Operating Profit

$319M

Previous: $293M+9.0%
Capital Expenditures

$37.8M

Previous: $35.1M+7.8%
Free Cash Flow

$203M

Previous: $216M-5.8%
Net Income

$231M

Previous: $216M+6.7%
Operating Income

$319M

Previous: $269M+18.5%
Gross Profit

$607M

Previous: $559M+8.6%
Cash & Equivalents

$98.6M

Previous: $94.3M+4.6%
Total Assets

$3.33B

Previous: $2.81B+18.2%
Stock-Based Comp

$5.7M

Previous: $5.44M+4.8%

Revenue & EPS history

Mettler-Toledo · Revenue · Quarterly

$1.04B

Q4 2021+10.6%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Management anticipates local currency sales growth in 2022 will be approximately 7%. This sales growth is expected to result in Adjusted EPS in the range of $38.15 to $38.50, which represents a growth rate of 12% to 13%. For the first quarter of 2022, management anticipates local currency sales growth of approximately 10%, and Adjusted EPS is forecasted to be $7.25 to $7.35, a growth rate of 11% to 12%.

Tailwinds

  • Local currency sales growth in 2022 expected to be approximately 7%.
  • Adjusted EPS in the range of $38.15 to $38.50, representing a growth rate of 12% to 13%.
  • Local currency sales growth for Q1 2022 anticipated to be approximately 10%.
  • Adjusted EPS for Q1 2022 forecasted to be $7.25 to $7.35, a growth rate of 11% to 12%.
  • Company is well positioned to deliver strong results in 2022 and beyond.

Headwinds

  • Forecasting continues to be challenging.
  • Market conditions are dynamic and changes to the business environment can happen quickly.
  • Uncertainty remains surrounding the impact of COVID-19.
  • Challenges in the global supply chain on the economic environment.
  • Estimates include uncertainty and management acknowledges that 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 2021

Historical avgQ4 2021

+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%

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