Mettler Toledo International : Q2 2023 Earnings Conference Call Presentation
July 26, 2023
Share
Earnings Webcast
July 27, 2023
Mettler-Toledo International Inc.
Q2 2023 Financial Results
Safe Harbor Statement
2
Statements in this presentation which are not historical facts constitute "forward looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These statements involve known and unknown risks, uncertainties and other factors that may cause our or our businesses, actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements. For a discussion of these risks and uncertainties, please see "Factors Affecting Our Future Operating Results" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the most recently completed fiscal year and other reports filed with the SEC from time to time.
Summary Comments - Q2 2023
3
Local currency sales
+ 2%
Adjusted Operating Profit
+ 8%
Adjusted EPS
+ 9%
Q2 Highlights
Sales growth in the second quarter included strong growth in our Service business, as well as solid performance across our Industrial product categories.
This was offset in part by softer market conditions in Laboratory and China following very strong growth in recent years.
Focused execution of our margin expansion and disciplined cost control initiatives resulted in good growth in Adjusted EPS despite a very significant adverse foreign exchange impact.
Sales by Geography
Q2 Local Currency Sales Growth
Europe
(25%)
Americas
4%
(40% of total sales)
0%
12%
1%
Total
10%
2022
2023
2%
4
Asia / RoW
(35%)
14%
4%
Note: Local currency (LC) sales excludes foreign exchange impact.
Sales by Geography
YTD Local Currency Sales Growth
Europe
(26%)
Americas
7%
3%
(40% of total sales)
14%
3%
Total
12%
4%
2022
2023
5
Asia / RoW
(34%)
15%
6%
Note: Local currency (LC) sales excludes foreign exchange impact.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Mettler Toledo International Inc. published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2023 10:27:06 UTC.
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. 
