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Mettler-Toledo International MTD shares gained 4.11% to close at $1,100.01 on May 2 following an impressive first-quarter 2025 results, driven by positive outlook and solid growth in laboratory business, driven by recent innovations like the new line of laboratory balances, titrators and thermal analysis instruments.
MTD reported first-quarter 2025 adjusted earnings of $8.19 per share, which beat the Zacks Consensus Estimate by 3.67%. The bottom line declined 7.9% on a year-over-year basis.
Net sales of $883.744 million surpassed the Zacks Consensus Estimate by 1%. The figure declined 5% on a reported basis and 3% on a local currency basis from the year-ago quarter.
MTD’s Top Line in Detail
MTD reports revenues under three segments, namely Laboratory Instruments, Industrial Instruments and Food Retail, which generated sales of $500 million (56.6% of the net sales), $341 million (38.6% of the net sales) and $42 million (4.8% of the net sales), respectively, in the first quarter.
Mettler-Toledo International, Inc. Price, Consensus and EPS Surprise
Mettler-Toledo International, Inc. price-consensus-eps-surprise-chart | Mettler-Toledo International, Inc. Quote
The Laboratory and Industrial segment witnessed a year-over-year decline of 3% and 1%, respectively, on a local currency basis, and the Food Retail segment’s sales decreased 12%.
Total sales from the Americas, Europe and Asia/Rest of the World were $378 million (42.8% of the net sales), $248 million (28.1%) and $258 million (29.2%), respectively.
Sales in Americas and Asia / Rest of the World declined 1% and 2% year over year, respectively, on a local currency basis. Meanwhile, sales in Europe declined 7%.
Mettler-Toledo’s Operating Results
The gross margin was 59.6%, expanding 40 basis points (bps) year over year.
Research & development (R&D) expenses were $46.3 million, down 0.1% from the year-ago quarter. Selling, general & administrative (SG&A) expenses increased 3.6% year over year to $242.8 million.
As a percentage of sales, R&D expenses increased 20 bps year over year. SG&A expenses increased 220 bps year over year as a percentage of sales.
The adjusted operating margin was 26.8%, which declined 210 bps from the prior-year quarter.
MTD’s Balance Sheet & Cash Flow
As of March 31, 2025, Mettler-Toledo’s cash and cash-equivalent balance was $64.291 million, up from $59.362 million as of Dec. 31, 2024.
The long-term debt was $1.89 billion as of March 31, 2025.
Mettler-Toledo generated $194.5 million in cash from operating activities in the reported quarter compared with $266.2 million in the previous quarter. The free cash flow was $179.8 million in the reported quarter.