Mettler-Toledo Q2 2020 Earnings Report
Key Takeaways
Mettler-Toledo International Inc. reported a 6% decrease in reported sales compared to the prior year, with local currency sales decreasing by 4%. Net earnings per diluted share (EPS) were $5.22, while adjusted EPS was $5.29, a 3% increase over the prior year. The company's performance was better than expected due to growth in China and the resiliency of its Laboratory and Industrial businesses.
Reported sales decreased 6% compared with the prior year, with local currency sales down 4%.
Net earnings per diluted share (EPS) were $5.22, compared to $5.06 in the prior-year period.
Adjusted EPS was $5.29, a 3% increase over the prior-year amount of $5.16.
Company estimates local currency sales will decline approximately -1% to -3% for Q3 2020.
Mettler-Toledo
Mettler-Toledo
Forward Guidance
The Company estimates that for the third quarter 2020, local currency sales will decline approximately -1% to -3%, and Adjusted EPS is forecasted to be in the range of $5.80 to $6.00. For the full year 2020, the Company estimates that local currency sales will decline approximately -1% to -3%, and Adjusted EPS is forecasted to be in the range of $22.70 to $23.20.