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Dec 31, 2020
Mettler-Toledo Q4 2020 Earnings Report
Mettler-Toledo's Q4 2020 results showed strong sales growth and adjusted EPS, driven by growth in all regions, particularly in the Laboratory business and China.
Key Takeaways
Mettler-Toledo International Inc. reported an 11% increase in reported sales and a 19% increase in adjusted EPS for Q4 2020. The company benefited from strong execution and improved customer demand, with particularly strong growth in the Laboratory business and in China. Strong sales growth combined with good cost control and the benefit of ongoing margin and productivity initiatives, contributed to strong growth in Adjusted Operating Profit and Adjusted EPS.
Reported sales increased by 11% compared to the prior year.
Sales in local currency increased by 7% in the quarter.
Adjusted EPS was $9.26, a 19% increase over the prior year.
Strong sales growth combined with good cost control contributed to Adjusted Operating Profit and Adjusted EPS.
Forward Guidance
Management anticipates local currency sales growth in 2021 will be in the range of 5% to 7%, and Adjusted EPS is forecasted to be in the range of $29.20 to $29.80, an increase of 14% to 16%. For the first quarter of 2021, the Company anticipates that local currency sales growth will be in the range of 11% to 13% and Adjusted EPS is forecasted to be $5.55 to $5.70, a growth rate of 39% to 43%.
Positive Outlook
- Local currency sales growth in 2021 will be in the range of 5% to 7%.
- Adjusted EPS is forecasted to be in the range of $29.20 to $29.80, an increase of 14% to 16%.
- Local currency sales growth will be in the range of 11% to 13% for Q1 2021.
- Adjusted EPS is forecasted to be $5.55 to $5.70 for Q1 2021, a growth rate of 39% to 43%.
- Company is well positioned to continue to gain share and deliver strong results.
Challenges Ahead
- Forecasting continues to be challenging given the uncertainty surrounding COVID-19.
- Market dynamics and impacts related to COVID-19 are fluid and changes to the business environment can happen quickly.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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