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Mettler-Toledo International Inc. Reports Fourth Quarter 2009 Results
Date:2/4/2010

COLUMBUS, Ohio, Feb. 4 /PRNewswire-FirstCall/ -- Mettler-Toledo International Inc. (NYSE: MTD) today announced fourth quarter results for 2009.  Provided below are the highlights:

  • Sales in local currency declined by 5% in the quarter compared with the prior year.  Reported sales growth was 0% due to a 5% benefit from currency.

  • Net earnings per diluted share as reported (EPS) were $2.01, compared with $1.84 in the fourth quarter of 2008.  Adjusted EPS was $2.09, a 5% increase over the prior-year amount of $2.00.  Adjusted EPS is a non-GAAP measure and excludes purchased intangible amortization, discrete tax items, restructuring charges and other one-time items.  A reconciliation to EPS is provided on the last page of the attached schedules.  

Fourth Quarter Results

Olivier Filliol, President and Chief Executive Officer, stated, “We saw improved business conditions in some segments during the quarter, particularly in China.  With our solid market positions, comprehensive product portfolio and extensive marketing programs, we are benefiting as our markets gradually recover from the economic downturn.  Markets remain challenging in the Americas and Europe in our core industrial and food retailing businesses.  Improved market conditions and the benefits of our cost reduction programs helped us to generate record operating margins in the quarter.  We are pleased
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SOURCE Mettler-Toledo International Inc.
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