Mettler-Toledo said net sales for the 3 months ended September 30, 2024 were $954.5 million, up 1% from $942.5 million a year earlier in U.S. dollars and up 1% in local currencies.

1. 01

   Mettler-Toledo said net sales for the 3 months ended September 30, 2024 were $954.5 million, up 1% from $942.5 million a year earlier in U.S. dollars and up 1% in local currencies.

2. 02

   The company said its gross profit margin for the 3 months was 60.0%, compared with 59.4% a year earlier, and cited favorable price realization and business mix. Selling, general and administrative expenses were 24.0% of net sales, compared with 23.1% a year earlier.

3. 03

   Mettler-Toledo said operating cash flow for the 9 months was $702.2 million (versus $684.4 million a year earlier), and it used $637.5 million to repurchase 482,413 shares over the same period.

4. 04

   As of September 30, 2024, the company said it had $585.3 million of additional borrowing capacity under its $1.35 billion Credit Agreement, $71.6 million in cash and cash equivalents, and $1.9 billion remaining under its share repurchase program.

Key figures

Quarter ended September 30, 2024

Revenue

$955M

Net income

$212M

EPS

$9.96

Gross profit

$572M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. 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

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