Mettler-Toledo International Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:48 pm
Share
Mettler-Toledo International Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 942.46 million compared to USD 985.85 million a year ago. Net income was USD 201.63 million compared to USD 220.6 million a year ago. Basic earnings per share from continuing operations was USD 9.26 compared to USD 9.85 a year ago. Diluted earnings per share from continuing operations was USD 9.21 compared to USD 9.76 a year ago.
For the nine months, revenue was USD 2,853.32 million compared to USD 2,862.02 million a year ago. Net income was USD 603.98 million compared to USD 606.67 million a year ago. Basic earnings per share from continuing operations was USD 27.54 compared to USD 26.86 a year ago. Diluted earnings per share from continuing operations was USD 27.37 compared to USD 26.58 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. 
