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Mettler-Toledo International Inc. Reports Second Quarter 2014 Results
Date:7/24/2014

COLUMBUS, Ohio, July 24, 2014 /PRNewswire/ -- Mettler-Toledo International Inc. (NYSE: MTD) today announced second quarter results for 2014.  Provided below are the highlights:

  • Sales in local currency increased by 4% in the quarter compared with the prior year. Reported sales increased 5% which included a 1% benefit from currency.
  • Net earnings per diluted share as reported (EPS) were $2.49, compared with $2.24 in the second quarter of 2013. Adjusted EPS was $2.57, an increase of 9% over the prior-year amount of $2.35. 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 were good in the Americas and solid in Europe, and we are benefitting from our growth strategies.  China's market conditions continued to stabilize, which contributed to improved growth in Asia / Rest of the World in the quarter.  Despite currency headwinds, we generated solid EPS growth as we continue to benefit from our various margin and cost control initiatives."  

    EPS in the quarter was $2.49, compared with the prior-year amount of $2.24.  Adjusted EPS was $2.57, an increase of 9% over the prior-year amount of $2.35.Sales were $608.8 million, a 4% increase in local currency sales, compared with $578.7 million in the prior-year quarter.  Reported sales increased 5%, and included a 1% benefit from currency in the quarter.  By region, local currency sales increased 3% in Europe, 5% in the Americas and 3% in Asia / Rest of World as compared to the prior year.  Adjusted operating income amounted to $112.9 million, a 6% increase from the prior-year amount of $10
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    SOURCE Mettler-Toledo International Inc.
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