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Mettler-Toledo International Inc. Reports Second Quarter 2013 Results
Date:7/25/2013

COLUMBUS, Ohio, July 25, 2013 /PRNewswire/ -- Mettler-Toledo International Inc. (NYSE: MTD) today announced second quarter results for 2013.  Provided below are the highlights:

  • Sales in local currency increased by 1% in the quarter compared with the prior year.  Reported sales also increased 1%, as currency did not impact sales growth in the quarter.
  • Net earnings per diluted share as reported (EPS) were $2.24, compared with $1.93 in the second quarter of 2012.  Adjusted EPS was $2.35, an increase of 9% over the prior-year amount of $2.15.  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. 
  • Second Quarter ResultsOlivier 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 the Americas, 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 sched
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    SOURCE Mettler-Toledo International Inc.
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