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Sep 30, 2021
Mettler-Toledo Q3 2021 Earnings Report
Reported strong sales growth with broad-based increases in all regions.
Key Takeaways
Mettler-Toledo International Inc. reported a strong third quarter in 2021, with sales increasing by 18% compared to the prior year. In local currency, sales increased 16%. Adjusted EPS was $8.72, an increase of 24% over the prior-year amount of $7.02.
Reported sales increased 18% compared with the prior year.
In local currency, sales increased 16% in the quarter as currency benefited reported sales growth by 2%.
Net earnings per diluted share as reported (EPS) were $8.71, compared with $6.68 in the prior-year period.
Adjusted EPS was $8.72, an increase of 24% over the prior-year amount of $7.02.
Forward Guidance
Management anticipates local currency sales growth for the fourth quarter of 2021 will be approximately 8%, and Adjusted EPS is forecasted to be $10.00 to $10.05, a growth rate of 8% to 9%. For the full year 2021, local currency sales growth is expected to be approximately 17%, and Adjusted EPS is forecasted to be in the range of $33.35 to $33.40, an increase of 30%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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