Mettler-toledo International, Inc. · NYSE:MTD
Mettler-toledo International — Q2 2023 Earnings Presentation
10 slides from Mettler-toledo International's earnings presentation, Jul 27, 2023
Slide 1: Q2 2023 Financial Results Earnings Webcast
Earnings Webcast July 27, 2023 Mettler-Toledo International Inc. Q2 2023 Financial Results
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 Statements in this presentation which are not historical facts constitute “forward looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These statements involve known and unknown
Slide 3: Summary Comments – Q2 2023
Summary Comments – Q2 2023 3 Local currency sales + 2% Adjusted Operating Profit + 8% Adjusted EPS + 9% Q2 Highlights Sales growth in the second quarter included strong growth in our Service business, as well as solid performance across our Industrial product categories. This was offset in part
Slide 4: Sales by Geography – Q2
Sales by Geography 4 Q2 Local Currency Sales Growth Europe (25%) Americas 4% Asia / RoW (40% of total sales) 0% (35%) 14% 12% 4% 1% Total 10% 2022 2023 2% Note: Local currency (LC) sales excludes foreign exchange impact.
Slide 5: Sales by Geography – YTD
Sales by Geography 5 YTD Local Currency Sales Growth Europe (26%) Americas 7% Asia / RoW (40% of total sales) 3% (34%) 15% 14% 6% 3% Total 12% 4% 2022 2023 Note: Local currency (LC) sales excludes foreign exchange impact.
Slide 6: Sales by Product Area – Q2
Sales by Product Area 6 Q2 Local Currency Sales Growth Lab Industrial Food Retail Total (54% of total sales) (40%) (6%) (100%) 17% 13% 10% 9% 6% 3% 2% -3% 2022 2023 Note: Local currency (LC) sales excludes foreign exchange impact.
Slide 7: Sales by Product Area – YTD
Sales by Product Area 7 YTD Local Currency Sales Growth Lab Industrial Food Retail Total (55% of total sales) (39%) (6%) (100%) 25% 15% 12% 10% 6% 4% 1% -6% 2022 2023 Note: Local currency (LC) sales excludes foreign exchange impact.
Slide 8: Profit & Loss Statement – Q2 2023
Profit & Loss Statement – Q2 2023 8 (USD in 000’s) Q2 2023 Q2 2022 NET SALES $982,117 $978,387 Local Currency Growth % 2% 10% GROSS PROFIT 583,543 571,661 Margin % 59.4% 58.4% RESEARCH and DEVELOPMENT 47,245 44,023 % of Sales 4.8% 4.5% SELLING, GENERAL and ADMINISTRATIVE 228,594 242,206 % of Sales 2
Slide 9: Profit & Loss Statement – YTD 2023
Profit & Loss Statement – YTD 2023 9 6 Months 6 Months (USD in 000’s) 2023 2022 NET SALES $1,910,855 $1,876,178 Local Currency Growth % 4% 12% GROSS PROFIT 1,130,109 1,091,246 Margin % 59.1% 58.2% RESEARCH and DEVELOPMENT 92,722 87,051 % of Sales 4.9% 4.6% SELLING, GENERAL and ADMINISTRATIVE 463,232
Slide 10: Thank You.
METTLER TOLEDO | 10 Thank You.
Mettler-Toledo International — Q2 2023 Earnings Presentation on 6ix