Loading...
•
Dec 31, 2021
Mettler-Toledo Q4 2021 Earnings Report
Reported strong Q4 2021 results with sales growth and solid earnings, overcoming global supply chain challenges.
Key Takeaways
Mettler-Toledo International Inc. reported an 11% increase in both reported sales and local currency sales for Q4 2021 compared to the previous year. EPS was $9.94, while adjusted EPS reached $10.53, a 14% increase year-over-year. The company capitalized on strong customer demand and executed well, particularly in the Americas and Asia/Rest of World, with robust growth in Laboratory and Industrial product lines.
Reported sales and local currency sales both increased by 11% in Q4 2021 compared to the prior year.
EPS was $9.94, compared to $9.03 in the prior-year period.
Adjusted EPS was $10.53, a 14% increase over the prior-year amount of $9.26.
Growth was particularly strong in the Americas and Asia/Rest of World.
Forward Guidance
Management anticipates local currency sales growth in 2022 will be approximately 7%. This sales growth is expected to result in Adjusted EPS in the range of $38.15 to $38.50, which represents a growth rate of 12% to 13%. For the first quarter of 2022, management anticipates local currency sales growth of approximately 10%, and Adjusted EPS is forecasted to be $7.25 to $7.35, a growth rate of 11% to 12%.
Positive Outlook
- Local currency sales growth in 2022 expected to be approximately 7%.
- Adjusted EPS in the range of $38.15 to $38.50, representing a growth rate of 12% to 13%.
- Local currency sales growth for Q1 2022 anticipated to be approximately 10%.
- Adjusted EPS for Q1 2022 forecasted to be $7.25 to $7.35, a growth rate of 11% to 12%.
- Company is well positioned to deliver strong results in 2022 and beyond.
Challenges Ahead
- Forecasting continues to be challenging.
- Market conditions are dynamic and changes to the business environment can happen quickly.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...