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Mar 31, 2022
Mettler-Toledo Q1 2022 Earnings Report
Mettler-Toledo's first quarter was marked by strong sales growth and adjusted EPS increase, despite facing higher costs and supply chain challenges.
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.
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%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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