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Mettler-Toledo reports Q4 EPS $12.10, consensus $11.66
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Mettler-Toledo reports Q4 EPS $12.10, consensus $11.66

Reports Q4 revenue $1.06B, consensus $1.03B. CEO Patrick Kaltenbach stated, "We finished the year with excellent sales growth in the fourth quarter, and benefited from very good broad-based growth across geographic regions and product categories. We were particularly pleased with the strong execution from our team as we capitalized on our sophisticated sales and marketing programs and innovative product portfolio. Strong sales growth, combined with benefits from our margin initiatives and good cost control, contributed to excellent growth in Adjusted Operating Profit and Adjusted EPS, offsetting very significant currency headwinds. I am very proud of the agility and execution our team demonstrated in 2022 as we faced unexpected challenges like the war in Ukraine, lockdowns in China, and significant supply chain and inflationary pressures. As we look ahead to this year, we expect continued uncertainty regarding the global economy and face challenging multi-year sales growth comparisons. I am confident that the diligent execution of our growth and productivity initiatives will again position us very well to gain market share and deliver solid financial results."

Published first on TheFly

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