Mettler-Toledo Q1 2022 Earnings Report
Key Takeaways
Mettler-Toledo International Inc. reported a strong first quarter in 2022, with sales increasing by 12% and adjusted EPS rising by 20%. The company experienced robust customer demand and growth across its Laboratory and Industrial businesses, though it faced challenges related to the global supply chain and increased costs.
Reported sales increased 12% compared with the prior year, with local currency sales up by 14%.
Net earnings per diluted share (EPS) were $7.55, compared to $6.32 in the prior-year period.
Adjusted EPS was $7.87, a 20% increase over the prior-year amount of $6.56.
Local currency sales increased 16% in the Americas, 10% in Europe, and 15% in Asia/Rest of World.
Mettler-Toledo
Mettler-Toledo
Forward Guidance
Management anticipates local currency sales growth for the second quarter of 2022 will be approximately 7%, and Adjusted EPS is forecasted to be $8.70 to $8.80, a growth rate of 7% to 9%.