The company said net sales for 2023 decreased 3% in both U.S. dollars and local currencies. Excluding the approximately $58 million of shipping delays, it estimated that local currency net sales decreased approximately 1%.

1. 01

   The company said net sales for 2023 decreased 3% in both U.S. dollars and local currencies. Excluding the approximately $58 million of shipping delays, it estimated that local currency net sales decreased approximately 1%.

2. 02

   Laboratory net sales for 2023 decreased 7% in both U.S. dollars and local currencies, and industrial net sales fell 1% in both, while food retailing net sales rose 28% in U.S. dollars and 27% in local currencies, the company said.

3. 03

   Mettler-Toledo said local currency net sales by geographic region for 2023 decreased 1% in the Americas, 2% in Europe, and 5% in Asia/Rest of World, with China down 10%.

4. 04

   The company said it spent $900.0 million to repurchase 691,913 shares at an average price of $1,300.72 per share in 2023. As of December 31, 2023, $2.6 billion remained available under its share repurchase program.

Key figures

Fiscal year ended December 31, 2023

Revenue

$3.8B

Net income

$789M

EPS

$35.90

Gross profit

$2.2B

Operating cash flow

$966M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.