The 10-second takeaway
For the quarter ended June 30 (Q2), Mettler-Toledo International beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share expanded. GAAP earnings per share grew significantly.
Margins grew across the board.
Mettler-Toledo International reported revenue of $578.7 million. The 11 analysts polled by S&P Capital IQ foresaw revenue of $571.4 million on the same basis. GAAP reported sales were 1.5% higher than the prior-year quarter's $570.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $2.35. The 10 earnings estimates compiled by S&P Capital IQ anticipated $2.34 per share. Non-GAAP EPS of $2.35 for Q2 were 9.3% higher than the prior-year quarter's $2.15 per share. GAAP EPS of $2.24 for Q2 were 16% higher than the prior-year quarter's $1.93 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 53.4%, 100 basis points better than the prior-year quarter. Operating margin was 17.4%, 60 basis points better than the prior-year quarter. Net margin was 11.9%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $591.4 million. On the bottom line, the average EPS estimate is $2.59.
Next year's average estimate for revenue is $2.37 billion. The average EPS estimate is $10.53.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 140 members out of 149 rating the stock outperform, and nine members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Mettler-Toledo International a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mettler-Toledo International is hold, with an average price target of $215.17.
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