MTD - Mettler-Toledo beats top and bottom-line estimates

2023-05-04 17:29:01 ET

• Mettler-Toledo press release ( NYSE: MTD ): Q1 Non-GAAP EPS of $8.69 beats by $0.08 .
• Revenue of $928.74M (+3.4% Y/Y) beats by $7.55M .
• For the full year, management anticipates local currency sales growth in 2023 will be approximately 5%, and Adjusted EPS is forecast to be in the range of $43.65 to $43.95, representing growth of approximately 10% to 11%. This compares with previous local currency sales growth guidance of approximately 5% and Adjusted EPS guidance of $43.55 to $43.95. Included in the 2023 guidance is an estimated 2% headwind to Adjusted EPS growth due to adverse currency.

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