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Mar 31, 2021
Mettler-Toledo Q1 2021 Earnings Report
Mettler-Toledo reported excellent Q1 2021 results, marked by strong sales growth and improved profitability.
Key Takeaways
Mettler-Toledo International Inc. reported a 24% increase in sales compared to the prior year, with local currency sales up by 18%. Adjusted EPS was $6.56, a 64% increase over the prior year. The company anticipates local currency sales growth in 2021 to be in the range of 10% to 12%, and Adjusted EPS is forecasted to be in the range of $31.45 to $31.90.
Reported sales increased 24% compared with the prior year.
In local currency, sales increased 18% in the quarter, with currency benefiting reported sales growth by 6%.
Net earnings per diluted share (EPS) were $6.32, compared with $4.03 in the prior-year period.
Adjusted EPS was $6.56, an increase of 64% over the prior-year amount of $4.00.
Forward Guidance
Management anticipates local currency sales growth in 2021 will be in the range of 10% to 12%, and Adjusted EPS is forecasted to be in the range of $31.45 to $31.90, an increase of 22% to 24%. For the second quarter of 2021, the Company anticipates that local currency sales growth will be in the range of 19% to 21%, and Adjusted EPS is forecasted to be $7.50 to $7.65, a growth rate of 42% to 45%.
Positive Outlook
- Local currency sales growth in 2021 expected to be in the range of 10% to 12%.
- Adjusted EPS for 2021 forecasted to be in the range of $31.45 to $31.90, an increase of 22% to 24%.
- For the second quarter of 2021, local currency sales growth is anticipated to be in the range of 19% to 21%.
- Adjusted EPS for the second quarter of 2021 is forecasted to be $7.50 to $7.65, a growth rate of 42% to 45%.
- End markets have good momentum.
Challenges Ahead
- Forecasting continues to be challenging.
- Market conditions are dynamic and changes to the business environment can happen quickly.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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