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Dec 31, 2019
Mettler-Toledo Q4 2019 Earnings Report
Mettler-Toledo experienced sales growth and strong earnings growth, overcoming currency and tariff headwinds.
Key Takeaways
Mettler-Toledo International Inc. reported a 3% increase in reported sales compared to the prior year, with a 4% increase in local currency. EPS was $7.84, while adjusted EPS was $7.78, a 14% increase over the prior year. The company anticipates local currency sales growth of approximately 4% in 2020.
Reported sales increased 3% compared with the prior year.
In local currency, sales increased 4% in the quarter as currency reduced sales growth by 1%.
Net earnings per diluted share as reported (EPS) were $7.84, compared with $7.11 in the prior-year period.
Adjusted EPS was $7.78, an increase of 14% over the prior-year amount of $6.85.
Revenue by Geographic Location
Forward Guidance
Management anticipates local currency sales growth in 2020 will be approximately 4%. This sales growth is expected to result in Adjusted EPS in the range of $24.85 to $25.10, a growth rate of 9% to 10%.
Positive Outlook
- Local currency sales growth in 2020 will be approximately 4%.
- Adjusted EPS in the range of $24.85 to $25.10.
- Adjusted EPS growth rate of 9% to 10%.
- Local currency sales growth and Adjusted EPS guidance remains unchanged from previous guidance.
- The Company anticipates that local currency sales growth in the first quarter 2020 will be approximately 0% to 1%, and Adjusted EPS is forecasted to be in the range of $4.20 to $4.30, an increase of 2% to 5%.
Challenges Ahead
- They will face tough comparisons in the first quarter 2020 due to strong sales in the prior-year quarter.
- They will face strong headwinds to Adjusted EPS due to adverse currency and the impact of tariff costs in the first quarter.
- The Company expects a significant impact on its China sales in the first quarter due to the Wuhan Coronavirus.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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