Mettler-Toledo reports Q4 adjusted EPS $9.40, consensus $10.10

Reports Q4 revenue $935M, consensus $958.37M. Patrick Kaltenbach, President and CEO, stated, “Our sales and adjusted EPS were unfortunately negatively impacted by the previously disclosed shipping delays from our external European logistics provider that we expect to largely recover in Q1 2024. Excluding these delays, our results came in as we had expected as we continued to face challenging market conditions in the fourth quarter. Our team executed very well on our cost control initiatives, and cash flow generation for the quarter and the year was strong.”