The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Mettler-Toledo International beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Gross margins were steady, operating margins dropped, net margins expanded.
Mettler-Toledo International notched revenue of $648.4 million. The 11 analysts polled by S&P Capital IQ expected to see net sales of $640.0 million on the same basis. GAAP reported sales were 9.4% higher than the prior-year quarter's $592.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $2.88. The 11 earnings estimates compiled by S&P Capital IQ predicted $2.79 per share on the same basis. GAAP EPS of $2.91 for Q4 were 21% higher than the prior-year quarter's $2.40 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 53.4%, about the same as the prior-year quarter. Operating margin was 19.5%, 90 basis points worse than the prior-year quarter. Net margin was 14.5%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $526.2 million. On the bottom line, the average EPS estimate is $1.62.
Next year's average estimate for revenue is $2.42 billion. The average EPS estimate is $9.41.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 143 members out of 152 rating the stock outperform, and nine members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Mettler-Toledo International a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mettler-Toledo International is outperform, with an average price target of $171.91.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.