Mettler-Toledo Intl. (MTD) Tops Q4 EPS by 54c; Raises Outlook

Mettler-Toledo Intl. (NYSE: MTD) reported Q4 EPS of $9.26, $0.54 better than the analyst estimate of $8.72. Revenue for the quarter came in at $937.99 million versus the consensus estimate of $904.2 million.

Olivier Filliol, President and Chief Executive Officer, stated, "We ended the year with very good sales growth in all regions, with particularly strong growth in our Laboratory business and in China. We benefited from strong execution and were well positioned to capture growth as customer demand improved, however, we continued to be negatively impacted by COVID-19 in certain businesses and end markets. Strong sales growth, combined with good cost control and the benefit of our ongoing margin and productivity initiatives, contributed to strong growth in Adjusted Operating Profit and Adjusted EPS. Finally, cash flow generation in the quarter, and for the full year, was excellent."

GUIDANCE:

Mettler-Toledo Intl. sees FY2021 EPS of $29.20-$29.80, versus the consensus of $27.91.

Mettler-Toledo Intl. sees FY2021 EPS of $5.55-$5.70, versus the consensus of $5.14.

For earnings history and earnings-related data on Mettler-Toledo Intl. (MTD) click here.

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