The earnings call presented a mixed view with strong service and laboratory performances but significant challenges in China and industrial markets. Despite some growth areas, the general market conditions and specific regional challenges weigh heavily on the outlook.
Company Guidance
During the Mettler-Toledo third quarter 2024 earnings call, the company provided guidance that anticipates local currency sales growth of approximately 8% for the fourth quarter, influenced by a 6% benefit from prior year shipping delays. Adjusted EPS is projected to range between $11.63 and $11.78, with full-year 2024 local currency sales forecasted to grow by 2%, or decline by 1% excluding the shipping delays. The full-year adjusted EPS expectation is between $40.35 and $40.50. Looking ahead to 2025, initial guidance suggests a 3% increase in local currency sales, with adjusted EPS growth of 4% to 5%, despite a 1.5% headwind from the prior year's shipping adjustments. The company forecasts free cash flow of approximately $850 million for 2024 and $860 million for 2025, with share repurchases of $875 million expected in 2025.
Service Business Growth
Service represented approximately 25% of sales and grew 7% year-to-date in local currencies, with strong growth of 9% in the third quarter.
Process Analytics Recovery
The Process Analytics business returned to solid growth as bioproduction customers finished destocking excess inventories.
Adjusted EPS Growth
Adjusted EPS for the quarter was $10.21, a 4% increase over the prior year.
Laboratory Business Performance
Laboratory sales increased 5% for the quarter, with good growth across the portfolio and regions.
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Mettler-Toledo (DE:MTO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:MTO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024
€1294.50
€1302.50
+0.62%
Aug 01, 2024
€1401.00
€1290.00
-7.92%
May 09, 2024
€1160.00
€1400.00
+20.69%
Feb 08, 2024
€1120.00
€1100.00
-1.79%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mettler-Toledo International (DE:MTO) report earnings?
Mettler-Toledo International (DE:MTO) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Mettler-Toledo International (DE:MTO) earnings time?
Mettler-Toledo International (DE:MTO) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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