Mettler-Toledo Q2 adjusted EPS falls 5% to $9.65; full-year EPS guidance raised
Mettler-Toledo reported second-quarter 2024 sales of $946.8 million, down 4% from a year earlier, and adjusted EPS of $9.65, down 5%. Reported diluted EPS rose to $10.37 from $9.69, helped by a one-time non-cash tax benefit of $1.07 per share. The company raised its full-year 2024 adjusted EPS forecast to $40.20 to $40.50, but sales weakness in Asia/Rest of World and China remains a concern for shareholders.
Key points
- Reported sales fell 4% to $946.8 million; local currency sales decreased 2% in the quarter.
- Adjusted EPS was $9.65, down from $10.19; reported diluted EPS was $10.37, up from $9.69.
- Full-year 2024 adjusted EPS forecast raised to $40.20 to $40.50 from $39.90 to $40.40; local currency sales growth forecast unchanged at about 2%.
- Third-quarter 2024 adjusted EPS is forecast at $9.90 to $10.05.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.