Mettler-Toledo sees FY24 adjusted EPS $39.60-$40.30, consensus $39.67

For the full year, management anticipates local currency sales in 2024 will increase approximately 1%-2%, consensus $3.78B. Included in the full year guidance is an estimated 2% headwind to adjusted EPS growth due to adverse currency. CEO Kaltenbach concluded, “We are preparing for challenging market conditions to persist in the first half of 2024, while also remaining agile to quickly capitalize on growth opportunities and trends towards automation and digitalization, as well as customer investments in faster growth segments. Over the past couple years, we have continued to invest strongly in next-generation products and solutions and have also enhanced our best-in-class corporate programs by launching the next waves of Spinnaker and SternDrive. This will help us further increase our competitiveness and put us in an even more favorable position, especially once our markets pick up again.”