Mettler Toledo Reports Q2 2013 Results


Olivier Filliol, President and Chief Executive Officer, stated, “Market conditions remain challenging, particularly in China.  However, with the continued strong execution in our various margin improvement and cost control initiatives, we generated good growth in EPS.”

EPS in the second quarter was $2.24, compared with the prior-year amount of $1.93.  Adjusted EPS was $2.35, an increase of 9% over the prior-year amount of $2.15.

Sales were $578.7 million, a 1% increase in local currency sales, compared with $570.3 million in the prior-year quarter.  Reported sales also increased 1%, as currency did not impact sales growth in the quarter.  By region, local currency sales increased 5% in theAmericas, 2% in Europe and decreased 5% in Asia / Rest of World.  Adjusted operating income amounted to $106.4 million, a 5% increase from the prior-year amount of $101.1 million.  Adjusted operating income is a non-GAAP measure, and a reconciliation to earnings before taxes is provided in the attached schedules.

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