EarningsMettler Toledo beat expectations in 1Q24 with revenue of $926 million, well above consensus estimates.
Financial PerformanceManagement noted the results were better than anticipated with strength seen across most products and geographies.
Product PortfolioMettler Toledo benefits from product portfolio upgrades, especially around automation and digitalization trends.
Bears Say
Earnings2Q guidance was weaker than expected in the face of challenging YoY comps.
Geographical PerformanceChina remained soft, declining (19%) LC in 1Q.
Market DemandManagement continues to frame the underlying demand environment as soft (particularly in pharma/biopharma and China) and expects this to continue into 2Q.
What was Mettler-Toledo International’s price range in the past 12 months?
Mettler-Toledo International lowest stock price was €877.00 and its highest was €1403.50 in the past 12 months.
What is Mettler-Toledo International’s market cap?
Currently, no data Available
When is Mettler-Toledo International’s upcoming earnings report date?
Mettler-Toledo International’s upcoming earnings report date is Aug 01, 2024 which is in 5 days.
How were Mettler-Toledo International’s earnings last quarter?
Mettler-Toledo International released its earnings results on May 09, 2024. The company reported €8.161 earnings per share for the quarter, beating the consensus estimate of €7.018 by €1.143.
Mettler-Toledo International does not currently pay dividends.
What is Mettler-Toledo International’s EPS estimate?
Mettler-Toledo International’s EPS estimate is €8.29.
How many shares outstanding does Mettler-Toledo International have?
Currently, no data Available
What happened to Mettler-Toledo International’s price movement after its last earnings report?
Mettler-Toledo International reported an EPS of €8.161 in its last earnings report, beating expectations of €7.018. Following the earnings report the stock price went up 20.69%.
Which hedge fund is a major shareholder of Mettler-Toledo International?
Among the largest hedge funds holding Mettler-Toledo International’s share is Chilton Investment Co LLC. It holds Mettler-Toledo International’s shares valued at 130M.
Mettler-Toledo International Inc. is a manufacturer and supplier of precision instruments. The company is the world’s largest manufacturer of weighing instruments for use in laboratory, industrial, logistics, packaging and food retailing applications. It also offers analytical instruments for use in life science and real-time analytic systems used in drug and chemical compound development and production processes.
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