Mettler-Toledo International Inc. Reports Fourth Quarter 2024 Results
Mettler-Toledo (MTD) reported strong Q4 2024 results with reported and local currency sales increasing 12% year-over-year to $1.045 billion. Adjusted EPS reached $12.41, up 32% from $9.40 in the prior year. Regional sales growth showed increases of 6% in Americas, 18% in Europe, and 15% in Asia/Rest of World.
For full-year 2024, total reported sales increased 2% to $3.872 billion, with Adjusted EPS of $41.11, up 8% from $38.03 in 2023. The company's outlook for 2025 projects local currency sales growth of approximately 3%, with Adjusted EPS forecast between $42.35 to $43.00, representing 3-5% growth despite headwinds from shipping delays and adverse currency impacts.
Mettler-Toledo (MTD) ha riportato risultati forti per il Q4 2024, con vendite in valuta reportata e locale in aumento del 12% rispetto all'anno precedente, raggiungendo $1.045 miliardi. L'EPS rettificato ha raggiunto $12,41, in aumento del 32% rispetto a $9,40 dell'anno precedente. La crescita delle vendite regionali ha mostrato aumenti del 6% nelle Americhe, del 18% in Europa e del 15% in Asia/Resto del Mondo.
Per l'anno intero 2024, le vendite totali riportate sono aumentate del 2% a $3,872 miliardi, con un EPS rettificato di $41,11, in crescita dell'8% rispetto a $38,03 nel 2023. Le prospettive dell'azienda per il 2025 prevedono una crescita delle vendite in valuta locale di circa il 3%, con un EPS rettificato previsto tra $42,35 e $43,00, rappresentando una crescita del 3-5% nonostante le difficoltà causate da ritardi nella spedizione e impatti negativi delle valute.
Mettler-Toledo (MTD) reportó resultados sólidos para el Q4 2024, con ventas en moneda reportada y local aumentando un 12% interanual, alcanzando $1.045 mil millones. El EPS ajustado alcanzó $12.41, un aumento del 32% desde $9.40 en el año anterior. El crecimiento de las ventas regionales mostró aumentos del 6% en las Américas, del 18% en Europa y del 15% en Asia/Resto del mundo.
Para el año completo 2024, las ventas totales reportadas aumentaron un 2% a $3.872 mil millones, con un EPS ajustado de $41.11, un incremento del 8% desde $38.03 en 2023. Las proyecciones de la compañía para 2025 anticipan un crecimiento de las ventas en moneda local de aproximadamente un 3%, con un EPS ajustado pronosticado entre $42.35 y $43.00, representando un crecimiento del 3-5% a pesar de las dificultades derivadas de retrasos en el envío y efectos adversos de las divisas.
Mettler-Toledo (MTD)는 2024년 4분기 강력한 실적을 보고했으며, 보고된 통화와 현지 통화 판매가 전년 대비 12% 증가하여 $10.45억에 달했습니다. 조정된 EPS는 $12.41로, 이전 연도의 $9.40보다 32% 올랐습니다. 지역별 판매 성장은 아메리카에서 6%, 유럽에서 18%, 아시아/기타 지역에서 15% 증가했습니다.
2024년 전체 연도에 대해, 총 보고된 판매는 2% 증가하여 $38.72억에 이르렀고, 조정된 EPS는 $41.11로, 2023년의 $38.03보다 8% 상승했습니다. 2025년을 위한 회사의 전망은 현지 통화 판매 성장률이 약 3%에 이를 것으로 보이며, 조정된 EPS는 $42.35에서 $43.00 사이로 예상되며, 운송 지연과 불리한 환율 영향에도 불구하고 3-5%의 성장을 나타냅니다.
Mettler-Toledo (MTD) a annoncé de bons résultats pour le quatrième trimestre 2024, avec des ventes en monnaie rapportée et locale en hausse de 12% d'une année sur l'autre, atteignant 1,045 milliard de dollars. Le BPA ajusté a atteint 12,41 $, en hausse de 32% par rapport à 9,40 $ l'année précédente. La croissance des ventes par région a montré des augmentations de 6% en Amérique, de 18% en Europe et de 15% en Asie/Reste du monde.
Pour l'année entière 2024, les ventes totales rapportées ont augmenté de 2% pour atteindre 3,872 milliards de dollars, avec un BPA ajusté de 41,11 $, en hausse de 8% par rapport à 38,03 $ en 2023. Les prévisions de l'entreprise pour 2025 projettent une croissance des ventes en monnaie locale d'environ 3%, avec un BPA ajusté prévu entre 42,35 $ et 43,00 $, représentant une croissance de 3 à 5% malgré les vents contraires dus aux retards d'expédition et aux impacts négatifs des devises.
Mettler-Toledo (MTD) berichtete starke Ergebnisse für das 4. Quartal 2024, mit einem Anstieg der Verkaufszahlen in Berichts- und Landeswährung um 12% im Vergleich zum Vorjahr auf 1,045 Milliarden Dollar. Der bereinigte EPS erreichte 12,41 Dollar, was einem Anstieg von 32% gegenüber 9,40 Dollar im Vorjahr entspricht. Das regionale Verkaufswachstum zeigte Zuwächse von 6% in den Amerikas, 18% in Europa und 15% in Asien/Rest der Welt.
Im gesamten Jahr 2024 stiegen die insgesamt berichteten Verkaufszahlen um 2% auf 3,872 Milliarden Dollar, mit einem bereinigten EPS von 41,11 Dollar, was einem Anstieg von 8% gegenüber 38,03 Dollar im Jahr 2023 entspricht. Der Ausblick des Unternehmens für 2025 prognostiziert ein Wachstum der Verkäufe in Landeswährung von etwa 3%, mit einem bereinigten EPS, das zwischen 42,35 und 43,00 Dollar liegt, was trotz der Hindernisse durch Versandverzögerungen und negative Währungswirkungen ein Wachstum von 3-5% darstellt.
- Q4 sales increased 12% to $1.045 billion
- Q4 Adjusted EPS grew 32% to $12.41
- Full-year 2024 Adjusted EPS increased 8% to $41.11
- Strong European market performance with 18% Q4 sales growth
- Projected Q1 2025 sales decline of 3-4%
- Expected Q1 2025 Adjusted EPS decline of 11-13%
- Adverse currency impact estimated at 2% for 2025
- Asia/Rest of World full-year 2024 sales declined 1% in local currency
Insights
Mettler-Toledo's Q4 2024 results demonstrate exceptional execution with total sales reaching $1.045 billion, marking a
The company's margin improvement initiatives yielded impressive results, with Adjusted Operating Profit increasing to
Looking ahead to 2025, the company faces near-term headwinds primarily due to tough comparisons from Q4 2023 shipping delays. The projected
- Currency headwinds estimated at
2% impact on earnings - Continued strength in Laboratory products demand
- Regional variations with Europe showing resilience while Asia/Rest of World faces challenges
The company's ability to maintain pricing power and execute margin improvement initiatives will be important in navigating the anticipated slowdown in Q1 2025. The revised guidance suggests management's confidence in offsetting headwinds through operational excellence and market leadership in precision instruments.
-
Reported and local currency sales increased
12% compared with the prior year.
-
Net earnings per diluted share as reported (EPS) were
$11.96 $8.52 $12.41 32% over the prior-year amount of$9.40
Fourth Quarter Results
Patrick Kaltenbach, President and Chief Executive Officer, stated, “We had a strong finish to the year as we capitalized on very good customer demand for Laboratory products, especially in
GAAP Results
EPS in the quarter was
Compared with the prior year, total reported sales rose
Non-GAAP Results
Adjusted EPS was
Compared with the prior year, total sales in local currency increased
Adjusted EPS and Adjusted Operating Profit are non-GAAP measures. Reconciliations to the most comparable GAAP measures are provided in the attached schedules.
Full Year Results
GAAP Results
EPS was
Compared with the prior year, total reported sales increased
Non-GAAP Results
Adjusted EPS was
Compared with the prior year, total sales in local currency grew
Adjusted EPS and Adjusted Operating Profit are non-GAAP measures. Reconciliations to the most comparable GAAP measures are provided in the attached schedules.
Outlook
Management cautions that market conditions are uncertain and could change quickly. Based on today's assessment, management anticipates local currency sales for the first quarter of 2025 will decline approximately
For the full year 2025, management anticipates local currency sales will increase approximately
The Company does not provide GAAP financial measures on a forward-looking basis because we are unable to predict with reasonable certainty and without unreasonable effort the timing and amount of future restructuring and other non-recurring items.
Conclusion
Kaltenbach concluded, “We achieved good results in 2024 despite soft market conditions and continue to benefit from our strong culture of execution and continuous improvement. At the same time, we stayed focused on our long-term strategy of delivering innovative solutions and extending our market leadership. Driving growth is our top priority in 2025, and we will continue to build on our competitive strengths and take advantage of opportunities in automation, digitalization, and high-growth areas to further expand our market share and deliver good earnings growth.”
Other Matters
The Company will host a conference call to discuss its quarterly results tomorrow morning (Friday, February 7) at 8:30 a.m. Eastern Time. To listen to a live webcast or replay of the call, visit the investor relations page on the Company’s website at investor.mt.com. The presentation referenced on the conference call will be located on the website prior to the call.
METTLER TOLEDO (NYSE: MTD) is a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in most of them. We are recognized as an innovation leader and our solutions are critical in key R&D, quality control, and manufacturing processes for customers in a wide range of industries including life sciences, food, and chemicals. Our sales and service network is one of the most extensive in the industry. Our products are sold in more than 140 countries and we have a direct presence in approximately 40 countries. With proven growth strategies and a focus on execution, we have achieved a long-term track record of strong financial performance. For more information, please visit www.mt.com.
Forward-Looking Statements Disclaimer
You should not rely on forward-looking statements to predict our actual results. Our actual results or performance may be materially different than reflected in forward-looking statements because of various risks and uncertainties, including statements about expected revenue growth, inflation, ongoing developments related to
We make forward-looking statements about future events or our future financial performance, including earnings and sales growth, earnings per share, strategic plans and contingency plans, growth opportunities or economic downturns, our ability to respond to changes in market conditions, planned research and development efforts and product introductions, adequacy of facilities, access to and the costs of raw materials, shipping and supplier costs, gross margins, customer demand, our competitive position, pricing, capital expenditures, cash flow, tax-related matters, the impact of foreign currencies, compliance with laws, effects of acquisitions, and the impact of inflation, ongoing developments related to
Our forward-looking statements may not be accurate or complete, and we do not intend to update or revise them in light of actual results. New risks also periodically arise. Please consider the risks and factors that could cause our results to differ materially from what is described in our forward-looking statements, including inflation, ongoing developments related to
| METTLER-TOLEDO INTERNATIONAL INC. | ||||||||||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
| (amounts in thousands except share data) | ||||||||||||||||
| (unaudited) | ||||||||||||||||
Three months ended |
|
|
|
|
|
Three months ended |
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|
||||||||
December 31, 2024 |
|
|
|
% of sales |
|
December 31, 2023 |
|
% of sales |
||||||||
| Net sales | $ |
1,045,127 |
|
(a) | 100.0 |
|
$ |
934,992 |
|
100.0 |
|
|||||
| Cost of sales |
|
405,812 |
|
38.8 |
|
|
383,354 |
|
41.0 |
|
||||||
| Gross profit |
|
639,315 |
|
61.2 |
|
|
551,638 |
|
59.0 |
|
||||||
| Research and development |
|
50,054 |
|
4.8 |
|
|
46,435 |
|
5.0 |
|
||||||
| Selling, general and administrative |
|
237,340 |
|
22.7 |
|
|
223,427 |
|
23.9 |
|
||||||
| Amortization |
|
18,220 |
|
1.8 |
|
|
18,078 |
|
1.9 |
|
||||||
| Interest expense |
|
17,850 |
|
1.7 |
|
|
19,655 |
|
2.1 |
|
||||||
| Restructuring charges |
|
2,147 |
|
0.2 |
|
|
13,055 |
|
1.4 |
|
||||||
| Other charges (income), net |
|
(843 |
) |
(0.1 |
) |
|
(1,568 |
) |
(0.2 |
) |
||||||
| Earnings before taxes |
|
314,547 |
|
30.1 |
|
|
232,556 |
|
24.9 |
|
||||||
| Provision for taxes |
|
62,246 |
|
6.0 |
|
|
47,761 |
|
5.1 |
|
||||||
| Net earnings | $ |
252,301 |
|
24.1 |
|
$ |
184,795 |
|
19.8 |
|
||||||
| Basic earnings per common share: | ||||||||||||||||
| Net earnings | $ |
12.00 |
|
$ |
8.56 |
|
||||||||||
| Weighted average number of common shares |
|
21,024,024 |
|
|
21,593,616 |
|
||||||||||
| Diluted earnings per common share: | ||||||||||||||||
| Net earnings | $ |
11.96 |
|
$ |
8.52 |
|
||||||||||
| Weighted average number of common |
|
21,101,360 |
|
|
21,687,577 |
|
||||||||||
| and common equivalent shares | ||||||||||||||||
| Note: | ||||||||||||||||
(a) Local currency sales increased |
||||||||||||||||
RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING PROFIT |
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
Three months ended |
|
|
|
|
|
Three months ended |
|
|
||||||
|
|
December 31, 2024 |
|
|
|
% of sales |
|
December 31, 2023 |
|
% of sales |
||||||
| Earnings before taxes | $ |
314,547 |
|
$ |
232,556 |
|
||||||||||
| Amortization |
|
18,220 |
|
|
18,078 |
|
||||||||||
| Interest expense |
|
17,850 |
|
|
19,655 |
|
||||||||||
| Restructuring charges |
|
2,147 |
|
|
13,055 |
|
||||||||||
| Other charges (income), net |
|
(843 |
) |
|
(1,568 |
) |
||||||||||
| Adjusted operating profit | $ |
351,921 |
|
(b) | 33.7 |
|
$ |
281,776 |
|
30.1 |
|
|||||
| Note: | ||||||||||||||||
(b) Adjusted operating profit increased |
||||||||||||||||
METTLER-TOLEDO INTERNATIONAL INC. |
||||||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS |
||||||||||||||||
(amounts in thousands except share data) |
||||||||||||||||
(unaudited) |
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
Twelve months ended |
|
|
|
|
|
Twelve months ended |
|
|
||||||
|
|
December 31, 2024 |
|
|
|
% of sales |
|
December 31, 2023 |
|
% of sales |
||||||
| Net sales | $ |
3,872,361 |
|
(a) | 100.0 |
|
$ |
3,788,309 |
|
100.0 |
|
|||||
| Cost of sales |
|
1,546,778 |
|
39.9 |
|
|
1,547,023 |
|
40.8 |
|
||||||
| Gross profit |
|
2,325,583 |
|
60.1 |
|
|
2,241,286 |
|
59.2 |
|
||||||
| Research and development |
|
189,357 |
|
4.9 |
|
|
185,284 |
|
4.9 |
|
||||||
| Selling, general and administrative |
|
936,303 |
|
24.2 |
|
|
904,106 |
|
23.9 |
|
||||||
| Amortization |
|
72,869 |
|
1.9 |
|
|
72,213 |
|
1.9 |
|
||||||
| Interest expense |
|
74,631 |
|
1.9 |
|
|
77,366 |
|
2.0 |
|
||||||
| Restructuring charges |
|
19,771 |
|
0.5 |
|
|
32,735 |
|
0.9 |
|
||||||
| Other charges (income), net |
|
(4,571 |
) |
(0.1 |
) |
|
(4,146 |
) |
(0.1 |
) |
||||||
| Earnings before taxes |
|
1,037,223 |
|
26.8 |
|
|
973,728 |
|
25.7 |
|
||||||
| Provision for taxes |
|
174,083 |
|
4.5 |
|
|
184,950 |
|
4.9 |
|
||||||
| Net earnings | $ |
863,140 |
|
22.3 |
|
$ |
788,778 |
|
20.8 |
|
||||||
| Basic earnings per common share: | ||||||||||||||||
| Net earnings | $ |
40.67 |
|
$ |
36.10 |
|
||||||||||
| Weighted average number of common shares |
|
21,221,839 |
|
|
21,848,122 |
|
||||||||||
| Diluted earnings per common share: | ||||||||||||||||
| Net earnings | $ |
40.48 |
|
$ |
35.90 |
|
||||||||||
| Weighted average number of common |
|
21,320,641 |
|
|
21,971,528 |
|
||||||||||
| and common equivalent shares | ||||||||||||||||
| Note: | ||||||||||||||||
(a) Local currency sales increased |
||||||||||||||||
| RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING PROFIT | ||||||||||||||||
Twelve months ended |
|
|
|
|
|
Twelve months ended |
|
|
||||||||
December 31, 2024 |
|
|
|
% of sales |
|
December 31, 2023 |
|
% of sales |
||||||||
| Earnings before taxes | $ |
1,037,223 |
|
$ |
973,728 |
|
||||||||||
| Amortization |
|
72,869 |
|
|
72,213 |
|
||||||||||
| Interest expense |
|
74,631 |
|
|
77,366 |
|
||||||||||
| Restructuring charges |
|
19,771 |
|
|
32,735 |
|
||||||||||
| Other charges (income), net |
|
(4,571 |
) |
|
(4,146 |
) |
||||||||||
| Adjusted operating profit | $ |
1,199,923 |
|
(b) | 31.0 |
|
$ |
1,151,896 |
|
30.4 |
|
|||||
| Note: | ||||||||||||||||
(b) Adjusted operating profit increased |
||||||||||||||||
| METTLER-TOLEDO INTERNATIONAL INC. | ||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| (amounts in thousands) | ||||||||
| (unaudited) | ||||||||
| December 31, 2024 | December 31, 2023 | |||||||
| Cash and cash equivalents | $ |
59,362 |
|
$ |
69,807 |
|
||
| Accounts receivable, net |
|
687,112 |
|
|
663,893 |
|
||
| Inventories |
|
342,274 |
|
|
385,865 |
|
||
| Other current assets and prepaid expenses |
|
105,158 |
|
|
110,638 |
|
||
| Total current assets |
|
1,193,906 |
|
|
1,230,203 |
|
||
| Property, plant and equipment, net |
|
770,280 |
|
|
803,374 |
|
||
| Goodwill and other intangibles assets, net |
|
926,057 |
|
|
955,537 |
|
||
| Other non-current assets |
|
349,756 |
|
|
366,441 |
|
||
| Total assets | $ |
3,239,999 |
|
$ |
3,355,555 |
|
||
| Short-term borrowings and maturities of long-term debt | $ |
182,623 |
|
$ |
192,219 |
|
||
| Trade accounts payable |
|
215,843 |
|
|
210,411 |
|
||
| Accrued and other current liabilities |
|
769,727 |
|
|
778,452 |
|
||
| Total current liabilities |
|
1,168,193 |
|
|
1,181,082 |
|
||
| Long-term debt |
|
1,831,265 |
|
|
1,888,620 |
|
||
| Other non-current liabilities |
|
367,431 |
|
|
435,791 |
|
||
| Total liabilities |
|
3,366,889 |
|
|
3,505,493 |
|
||
| Shareholders’ equity |
|
(126,890 |
) |
|
(149,938 |
) |
||
| Total liabilities and shareholders’ equity | $ |
3,239,999 |
|
$ |
3,355,555 |
|
||
| METTLER-TOLEDO INTERNATIONAL INC. | ||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||||||
| (amounts in thousands) | ||||||||||||||||
| (unaudited) | ||||||||||||||||
Three months ended |
|
Twelve months ended |
||||||||||||||
December 31, |
|
December 31, |
||||||||||||||
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||||
| Cash flow from operating activities: | ||||||||||||||||
| Net earnings | $ |
252,301 |
|
$ |
184,795 |
|
$ |
863,140 |
|
$ |
788,778 |
|
||||
| Adjustments to reconcile net earnings to | ||||||||||||||||
| net cash provided by operating activities: | ||||||||||||||||
| Depreciation |
|
12,643 |
|
|
12,545 |
|
|
50,352 |
|
|
48,951 |
|
||||
| Amortization |
|
18,220 |
|
|
18,078 |
|
|
72,869 |
|
|
72,213 |
|
||||
| Deferred tax benefit |
|
(155 |
) |
|
(8,918 |
) |
|
(5,216 |
) |
|
(13,373 |
) |
||||
| One-time non-cash discrete tax benefit |
|
- |
|
|
- |
|
|
(22,982 |
) |
|
- |
|
||||
| Other |
|
6,357 |
|
|
5,478 |
|
|
19,979 |
|
|
17,928 |
|
||||
| Increase (decrease) in cash resulting from changes in | ||||||||||||||||
| operating assets and liabilities |
|
(23,179 |
) |
|
69,528 |
|
|
(9,796 |
) |
|
51,377 |
|
||||
| Net cash provided by operating activities |
|
266,187 |
|
|
281,506 |
|
|
968,346 |
|
|
965,874 |
|
||||
| Cash flows from investing activities: | ||||||||||||||||
| Proceeds from sale of property, plant and equipment |
|
898 |
|
|
167 |
|
|
1,631 |
|
|
835 |
|
||||
| Purchase of property, plant and equipment |
|
(41,276 |
) |
|
(32,416 |
) |
|
(103,898 |
) |
|
(105,323 |
) |
||||
| Proceeds from government funding (a) |
|
- |
|
|
3,498 |
|
|
- |
|
|
6,094 |
|
||||
| Acquisitions |
|
(7,618 |
) |
|
(5,198 |
) |
|
(10,091 |
) |
|
(5,811 |
) |
||||
| Other investing activities |
|
(3,056 |
) |
|
(1,552 |
) |
|
(7,104 |
) |
|
(27,489 |
) |
||||
| Net cash used in investing activities |
|
(51,052 |
) |
|
(35,501 |
) |
|
(119,462 |
) |
|
(131,694 |
) |
||||
| Cash flows from financing activities: | ||||||||||||||||
| Proceeds from borrowings |
|
594,916 |
|
|
556,824 |
|
|
2,156,565 |
|
|
2,126,797 |
|
||||
| Repayments of borrowings |
|
(598,429 |
) |
|
(629,795 |
) |
|
(2,175,291 |
) |
|
(2,097,023 |
) |
||||
| Proceeds from exercise of stock options |
|
1,380 |
|
|
- |
|
|
23,719 |
|
|
19,234 |
|
||||
| Repurchases of common stock |
|
(212,500 |
) |
|
(176,002 |
) |
|
(849,997 |
) |
|
(900,000 |
) |
||||
| Payments of excise tax on repurchases of common stock |
|
(8,089 |
) |
|
- |
|
|
(8,089 |
) |
|
- |
|
||||
| Acquisition contingent consideration payment |
|
- |
|
|
- |
|
|
- |
|
|
(7,767 |
) |
||||
| Other financing activities |
|
(971 |
) |
|
- |
|
|
(2,884 |
) |
|
(826 |
) |
||||
| Net cash used in financing activities |
|
(223,693 |
) |
|
(248,973 |
) |
|
(855,977 |
) |
|
(859,585 |
) |
||||
| Effect of exchange rate changes on cash and cash equivalents |
|
(3,654 |
) |
|
3,100 |
|
|
(3,352 |
) |
|
(754 |
) |
||||
| Net increase (decrease) in cash and cash equivalents |
|
(12,212 |
) |
|
132 |
|
|
(10,445 |
) |
|
(26,159 |
) |
||||
| Cash and cash equivalents: | ||||||||||||||||
| Beginning of period |
|
71,574 |
|
|
69,675 |
|
|
69,807 |
|
|
95,966 |
|
||||
| End of period | $ |
59,362 |
|
$ |
69,807 |
|
$ |
59,362 |
|
$ |
69,807 |
|
||||
| RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED FREE CASH FLOW | ||||||||||||||||
| Net cash provided by operating activities | $ |
266,187 |
|
$ |
281,506 |
|
$ |
968,346 |
|
$ |
965,874 |
|
||||
| Payments in respect of restructuring activities |
|
3,986 |
|
|
10,877 |
|
|
23,752 |
|
|
25,818 |
|
||||
| Proceeds from sale of property, plant and equipment |
|
898 |
|
|
167 |
|
|
1,631 |
|
|
835 |
|
||||
| Purchase of property, plant and equipment, net (a) |
|
(41,276 |
) |
|
(32,416 |
) |
|
(103,898 |
) |
|
(97,593 |
) |
||||
| Acquisition payments (b) |
|
- |
|
|
- |
|
|
- |
|
|
4,775 |
|
||||
| Transition tax payment |
|
- |
|
|
- |
|
|
10,723 |
|
|
8,042 |
|
||||
| Adjusted free cash flow | $ |
229,795 |
|
$ |
260,134 |
|
$ |
900,554 |
|
$ |
907,751 |
|
||||
| Notes: | ||||||||
(a) |
In September 2021, the Company entered into an agreement with the |
|||||||
(b) |
Includes |
|||||||
| METTLER-TOLEDO INTERNATIONAL INC. | |||||
| OTHER OPERATING STATISTICS | |||||
| SALES GROWTH BY DESTINATION | |||||
| (unaudited) | |||||
| Total | |||||
| Three Months Ended December 31, 2024 |
|
|
|
|
|
| Twelve Months Ended December 31, 2024 |
|
|
- |
|
|
|
|
|
|
||
| Local Currency Sales Growth |
|
|
|
|
|
| Three Months Ended December 31, 2024 |
|
|
|
|
|
| Twelve Months Ended December 31, 2024 |
|
|
- |
|
|
| Note: | |||||
| (a) | The Company estimates net sales for the three and twelve months ended December 31, 2024 benefited by |
||||
| RECONCILIATION OF DILUTED EPS AS REPORTED TO ADJUSTED DILUTED EPS | |||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||
Three months ended |
|
Twelve months ended |
|||||||||||||||||||||||||
December 31, |
|
December 31, |
|||||||||||||||||||||||||
2024 |
|
|
2023 |
|
|
% Growth |
|
2024 |
|
|
|
2023 |
|
|
% Growth |
||||||||||||
| EPS as reported, diluted | $ |
11.96 |
$ |
8.52 |
40 |
% |
$ |
40.48 |
|
$ |
35.90 |
13 |
% |
||||||||||||||
| Purchased intangible amortization, net of tax |
|
0.24 |
(a) |
|
0.23 |
(a) |
|
0.94 |
|
(a) |
|
0.93 |
(a) | ||||||||||||||
| Restructuring and other, net of tax |
|
0.09 |
(b) |
|
0.49 |
(b) |
|
0.76 |
|
(b) |
|
1.20 |
(b) | ||||||||||||||
| Income tax expense |
|
0.12 |
(c) |
|
0.16 |
(c) |
|
(1.07 |
) |
(c) |
|
- |
(c) | ||||||||||||||
| Adjusted EPS, diluted | $ |
12.41 |
$ |
9.40 |
32 |
% |
$ |
41.11 |
|
$ |
38.03 |
8 |
% |
||||||||||||||
| Notes: | ||
(a) |
Represents the EPS impact of purchased intangibles amortization of |
|
(b) |
|
Represents the EPS impact of restructuring charges of |
(c) |
Represents the EPS impact of the difference between our quarterly and estimated annual tax rate before non-recurring discrete items during the three and twelve months ended December 31, 2024 and 2023 due to the timing of excess tax benefits associated with stock option exercises. Also includes a reported EPS reduction of |
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20250206644068/en/
Adam Uhlman
Head of Investor Relations
METTLER TOLEDO
Direct: 614-438-4794
adam.uhlman@mt.com
Source: Mettler-Toledo International Inc.
FAQ
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