Mettler-Toledo International Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 06, 2021 at 02:10 pm EDT
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Mettler-Toledo International Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 804.390 million compared to USD 649.162 million a year ago. Net income was USD 149.663 million compared to USD 98.115 million a year ago. Basic earnings per share from continuing operations was USD 6.41 compared to USD 4.08 a year ago. Diluted earnings per share from continuing operations was USD 6.32 compared to USD 4.03 a year ago.
Mettler-Toledo International, Inc. specializes in the design, manufacturing and marketing of precision instruments. Net sales break down by sector of activity as follows:
- research and development in laboratories (55.6%): weighing solutions (analytical balances, precision balances, microbalances, mass comparators, etc.), pipetting systems, analytical instruments (thermal analysis instruments, titrators, pH meters, densimeters, refractometers and spectrophotometers), automated reactors, etc. ;
- industries (39.3%): industrial scales, analysis systems, industrial inspection and control systems. The group also offers software solutions for weighing, measuring and identification, as well as solutions to monitor and control production processes;
- distribution of food products (6.1%): weighing solutions (weight / price scales, counter balances, cash balances, etc.), packaging, pricing, packaging and labeling.
Net sales by source of revenue break down between product sales (76.7%) and services (23.3%).
At the end of 2023, the group had 30 production sites worldwide.
Net sales are distributed geographically as follows: the United States (35.5%), the Americas (5.9%), Germany (5.8%), France (3.7%), Switzerland (2.4%), the United Kingdom (2.1%), Europe (12.8%), China (18.7%) and other (13.1%).
METTLER-TOLEDO INTERNATIONAL, INC. 
