Mettler-Toledo International Inc · Q4 2022 earnings

Briefing

Reported excellent sales growth and benefited from broad-based growth across geographic regions and product categories.

Mettler-Toledo International Inc. reported a 2% increase in sales compared to the prior year, with local currency sales increasing by 9%. EPS was $11.86, while adjusted EPS was $12.10, a 15% increase year-over-year. The company anticipates local currency sales growth for the first quarter of 2023 will be approximately 6%, and Adjusted EPS is forecast to be $8.55 to $8.65, a growth rate of 9% to 10%.

• Reported sales increased 2% compared with the prior year; in local currency, sales increased 9%, with currency reducing sales growth by 7%.
• Net earnings per diluted share (EPS) were $11.86, compared with $9.94 in the prior-year period.
• Adjusted EPS was $12.10, an increase of 15% over the prior-year amount of $10.53.
• Adjusted Operating Profit amounted to $358.6 million, a 12% increase from the prior-year amount of $319.1 million.

Headline financials

Revenue & EPS history

Management anticipates local currency sales growth for the first quarter of 2023 will be approximately 6%, and Adjusted EPS is forecast to be $8.55 to $8.65, a growth rate of 9% to 10%. For the full year, management anticipates local currency sales growth in 2023 will be approximately 5%, and Adjusted EPS is forecast to be in the range $43.55 to $43.95, representing growth of approximately 10% to 11%.