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

given the ongoing uncertainty in the global economy.  Based on today’s assessment, management anticipates that local currency sales growth in 2010 will be in the range of 3% to 5% and Adjusted EPS will be in the range of $5.90 to $6.15, an increase of 6% to 10%.  Adjusted EPS excludes purchased intangible amortization, discrete tax items, restructuring charges and other one-time items.      

For the first quarter 2010, the Company anticipates local currency sales to be in the range of 1% to 3% and Adjusted EPS in the range of $0.98 to $1.04, an increase of 3% to 9%.

While the Company has provided an outlook for Adjusted EPS, it has not provided an outlook for EPS.  EPS guidance would require an estimate of non-recurring items, which are not yet known.

Conclusion

Filliol concluded, “Although the business environment remains challenging, we enter 2010 well positioned to capitalize on improving market conditions.  Our product pipeline is very strong, including numerous launches in the coming months for our laboratory business as well as products developed specifically for emerging markets.  We have continued to invest in sales and marketing programs throughout the downturn, which we believe further strengthens our competitive position.  We expect to see growth in emerging markets; however conditions in Europe and the Americas are likely to remain challenging.  We will continue to be diligent in our cost management and will benefit from the cost reduction actions taken in 2009.  Our capital structure and cash flow generation are very strong, and we have re-started the share repurchase program.”  

Other Matters

The Company will host a conference call to discuss its fourth quarter results today (

SOURCE Mettler-Toledo International Inc.
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