Mettler-Toledo Q3 Earnings Top Estimates, Sales Up Y/Y, Shares Fall

Zacks11-12

Mettler-Toledo International MTD shares fell 7.19% to close at $1,310.03 on Nov. 8 following third-quarter 2024 results.MTD reported third-quarter 2024 adjusted earnings of $10.21 per share, which ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMettler-Toledo Q3 Earnings Top Estimates, Sales Up Y/Y, Shares Fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 01:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/mettler-toledo-q3-earnings-top-172000275.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mettler-Toledo International MTD shares fell 7.19% to close at $1,310.03 on Nov. 8 following third-quarter 2024 results.MTD reported third-quarter 2024 adjusted earnings of $10.21 per share, which ...</p>\n\n<a href=\"https://finance.yahoo.com/news/mettler-toledo-q3-earnings-top-172000275.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MTD","symbol_name":"梅特勒-托利多","start_time":0,"source_url":"https://finance.yahoo.com/news/mettler-toledo-q3-earnings-top-172000275.html","article_id":"2482592337","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/2osTdaZSHf_5LJmwZzjWtw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/32e3eb8c0cc46c163964cde251fb4426"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482592337","pubTimestamp":1731345600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Mettler-Toledo International MTD shares fell 7.19% to close at $1,310.03 on Nov. 8 following third-quarter 2024 results.MTD reported third-quarter 2024 adjusted earnings of $10.21 per share, which beat the Zacks Consensus Estimate by 2.1%. The bottom line increased 4.2% on a year-over-year basis.Net sales of $954.5 million surpassed the Zacks Consensus Estimate of $942 million. The figure rose 1.3% on a reported basis and 1% on a local currency basis from the year-ago quarter.The softness in the Food Retail and Industrial segments is concerning, especially in contrast to the stronger performance seen in the Laboratory business.Mettler-Toledo International, Inc. Price, Consensus and EPS Surprise. Mettler-Toledo International, Inc. price-consensus-eps-surprise-chart | Mettler-Toledo International, Inc. Quote. Modest weakening conditions in the Americas region were significant headwinds, whereas growing momentum across Asia/Rest of World and Europe provided a tailwind.MTD has gained 7.9% ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MTD":"梅特勒-托利多","BILI":"哔哩哔哩","PANW":"Palo Alto Networks"},"translate_title":"梅特勒-托利多第三季度盈利最高预期，销售额同比增长，股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTD":1,"BILI":0.9,"PANW":0.9},"content_text":"Mettler-Toledo International MTD shares fell 7.19% to close at $1,310.03 on Nov. 8 following third-quarter 2024 results.MTD reported third-quarter 2024 adjusted earnings of $10.21 per share, which beat the Zacks Consensus Estimate by 2.1%. The bottom line increased 4.2% on a year-over-year basis.Net sales of $954.5 million surpassed the Zacks Consensus Estimate of $942 million. The figure rose 1.3% on a reported basis and 1% on a local currency basis from the year-ago quarter.The softness in the Food Retail and Industrial segments is concerning, especially in contrast to the stronger performance seen in the Laboratory business.\n\nMettler-Toledo International, Inc. Price, Consensus and EPS Surprise\n  \nMettler-Toledo International, Inc. price-consensus-eps-surprise-chart | Mettler-Toledo International, Inc. Quote\n\nModest weakening conditions in the Americas region were significant headwinds, whereas growing momentum across Asia/Rest of World and Europe provided a tailwind.MTD has gained 7.9% compared with the Zacks Computer and Technology sector’s rise of 30.4% in the year-to-date period.\nMTD’s Top Line in Detail\nMTD reports revenues under three segments, namely Laboratory Instruments, Industrial Instruments and Food Retail, which generated sales of $534.8 million (56% of the net sales), $365.5 million (38.3% of the net sales) and $54.2 million (5.7% of the net sales), respectively, in the third quarter.The Laboratory segment witnessed year-over-year growth of 5%, while the Industrial and Food Retail segments were flat. The Food Retail segment declined 20% on a local currency basis.Total sales from the Americas, Europe and Asia/Rest of the World were $393.6 million (41.2% of the net sales), $260 million (27.2%) and $300.9 million (31.5%), respectively.Sales in Europe and Asia/Rest of World grew 1% and 4% year over year, respectively, on a local currency basis. Meanwhile, Americas sales went down by 1%.\nMettler-Toledo’s Operating Results\nThe gross margin was 60%, expanding 60 basis points (bps) year over year.Research & development (“R&D”) expenses were $47.1 million, up 2.1% from the year-ago quarter. Selling, general & administrative (“SG&A”) expenses increased 5.2% year over year to $228.8 million.As a percentage of sales, R&D expenses were flat year over year at 4.9%. SG&A expenses expanded 90 bps year over year as a percentage of sales.The adjusted operating margin was 31.1%, which contracted 30 bps from the prior-year quarter.\nMTD’s Balance Sheet & Cash Flow\nAs of Sept. 30, 2024, Mettler-Toledo’s cash and cash equivalent balance was $71.6 million, up from $70.8 million as of June 30, 2024.The long-term debt was $1.89 billion as of Sept. 30, 2024, compared with $1.75 billion.Mettler-Toledo generated $254.7 million in cash from operating activities in the reported quarter compared with $257.5 million in the previous quarter. The free cash flow was $237.4 million in the reported quarter.\nMettler-Toledo’s Q4 & 2024 Guidance\nFor the fourth quarter of 2024, Mettler-Toledo anticipates sales to increase 8% in local currency from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for fourth-quarter sales is pegged at $1.01 billion, indicating an increase of 8.12% from the year-ago quarter.Adjusted earnings are anticipated to be $11.63-$11.78 per share, implying 24-25% growth from the year-ago quarter’s reported number. The Zacks Consensus Estimate for earnings is pinned at $11.79 per share, suggesting an increase of 25.43% from the year-ago quarter.For 2024, Mettler-Toledo anticipates sales in local currency to rise 2% from the year-earlier reported figure.The Zacks Consensus Estimate for 2024 sales is pegged at $3.83 billion, suggesting an increase of 0.98% year over year.The company increased its guidance for the adjusted EPS from $40.20-$40.50 to $40.35-$40.50. The new guidance range suggests growth of approximately 6% from the year-ago reported number, which includes a foreign-currency headwind of 2%.\nThe Zacks Consensus Estimate for the same is pegged at $40.34, an increase of 6.07% year over year.\nMTD’s Zacks Rank & Stocks to Consider\nCurrently, Mettler-Toledo has a Zacks Rank #3 (Hold).\nSome better-ranked stocks in the broader Zacks Computer & Technology sector are StoneCo STNE, Palo Alto Networks PANW and Bilibili BILI. StoneCo sports a Zacks Rank #1 (Strong Buy), while Palo Alto and Bilibili carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.StoneCo shares have lost 37.3% in the year-to-date period. STNE is set to report third-quarter fiscal 2025 results on Nov. 12.Palo Alto Networks shares have jumped 200.3% year to date. PANW is set to report first-quarter fiscal 2025 results on Nov. 20.Bilibili shares have gained 98.3% year to date. BILI is set to report third-quarter 2024 results on Nov. 14.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPalo Alto Networks, Inc. (PANW) : Free Stock Analysis Report\nMettler-Toledo International, Inc. (MTD) : Free Stock Analysis Report\nBilibili Inc. Sponsored ADR (BILI) : Free Stock Analysis Report\nStoneCo Ltd. (STNE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482592337"}