Company Performance - Mettler-Toledo reported quarterly earnings of $10.21 per share, exceeding the Zacks Consensus Estimate of $10 per share, and up from $9.80 per share a year ago, representing an earnings surprise of 2.10% [1] - The company posted revenues of $954.54 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.34%, compared to $942.46 million in the same quarter last year [2] - Over the last four quarters, Mettler-Toledo has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Mettler-Toledo shares have increased approximately 15.3% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is $11.81 on revenues of $1.01 billion, and for the current fiscal year, it is $40.34 on revenues of $3.83 billion [7] Industry Outlook - The Instruments - Scientific industry, to which Mettler-Toledo belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Mettler-Toledo's stock performance [5][6]

FOR IMMEDIATE RELEASE Exhibit 99.1 METTLER-TOLEDO INTERNATIONAL INC. REPORTS THIRD QUARTER 2024 RESULTS COLUMBUS, Ohio, USA – November 7, 2024 – Mettler-Toledo International Inc. (NYSE: MTD) today announced third quarter results for 2024. Provided below are the highlights: • Reported and local currency sales increased 1% compared with the prior year. • Net earnings per diluted share as reported (EPS) were $9.96, compared with $9.21 in the prior-year period. Adjusted EPS was $10.21, an increase of 4% over th ...

Company Overview - Mettler-Toledo (MTD) is expected to report quarterly earnings of $10 per share, reflecting a year-over-year increase of +2% [3] - Revenues are anticipated to be $941.93 million, which is a slight decrease of 0.1% from the previous year [3] Earnings Expectations - Wall Street anticipates a year-over-year increase in earnings despite lower revenues, indicating a focus on earnings performance over revenue growth [1] - The upcoming earnings report is scheduled for November 7, and stock movement may depend on whether actual results exceed or fall short of expectations [2] Estimate Revisions and Predictions - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [4] - Mettler-Toledo has an Earnings ESP of -0.60%, indicating a bearish outlook from analysts regarding the company's earnings prospects [10] - The stock currently holds a Zacks Rank of 3, complicating predictions of an earnings beat [11] Historical Performance - In the last reported quarter, Mettler-Toledo exceeded the expected earnings of $9 per share by delivering $9.65, resulting in a surprise of +7.22% [12] - Over the past four quarters, the company has beaten consensus EPS estimates three times [13] Industry Context - Another player in the scientific instruments industry, Bruker (BRKR), is expected to report earnings of $0.61 per share, reflecting a year-over-year decline of -17.6% [17] - Bruker's revenues are projected to be $865.34 million, which is an increase of 16.5% from the previous year [17] - Bruker has an Earnings ESP of -1.33% and a Zacks Rank of 4, indicating challenges in predicting an earnings beat [18]

Core Insights - The U.S. snow blower market was valued at USD 591.82 million in 2023 and is projected to reach USD 969.47 million by 2029, with a compound annual growth rate (CAGR) of 8.57% [1][17]. Market Overview - The U.S. snow blower market is highly concentrated, with major players like Ariens, Husqvarna, STIGA, and Toro holding significant market shares [2]. - The competition is expected to intensify as companies focus on developing advanced and cost-effective technologies [2]. Consumer Trends - There is a growing demand for energy-efficient and sustainable snow blowers due to increasing environmental concerns and consumer preferences for lower carbon energy sources [3][6]. - Consumers are shifting towards electric and battery-powered models to reduce emissions and noise pollution associated with traditional gas-powered snow blowers [6][7]. Product Segmentation - The market is segmented by stage, with two-stage snow blowers dominating, accounting for over 57% of revenue in 2023 [10]. - In terms of clearing width, models with a width greater than 25 inches hold the largest market share, while walk-behind snow blowers dominate the product segment with over 65% market share [11][12]. - The fuel segmentation shows gas-powered snow blowers still leading, but there is a rising demand for battery-operated models due to advancements in lithium-ion technology [12]. End-User Insights - The residential segment holds the largest market share, driven by increased demand from homeowners in suburban and rural areas [14]. Distribution Channels - Offline distribution channels account for the largest share of the market, as consumers prefer to see and test products before purchasing [15]. Competitive Landscape - Key players in the market include Husqvarna, Ariens, MTD Products, and Toro, with other notable vendors like Briggs & Stratton and Honda also contributing to the competitive landscape [16].

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Core Insights - Mettler-Toledo reported revenue of $946.75 million for the quarter ended June 2024, a decrease of 3.6% year-over-year, with EPS at $9.65 compared to $10.19 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate by 2.48%, while the EPS surpassed the consensus estimate by 7.22% [1] Revenue Breakdown - Net sales from Products were $712.26 million, slightly below the estimated $714.03 million, reflecting a year-over-year decline of 6.2% [3] - Net sales from Service amounted to $234.49 million, exceeding the estimated $210.25 million, marking a year-over-year increase of 5.1% [4] - Net sales from Retail were $49.26 million, significantly lower than the estimated $55.97 million, showing a year-over-year decrease of 12.7% [5] - Net sales from Industrial reached $374.26 million, surpassing the estimated $357.06 million, with a year-over-year decline of 6.2% [6] - Net sales from Laboratory were $523.23 million, slightly above the average estimate of $511.20 million, representing a year-over-year change of -0.7% [7] Stock Performance - Mettler-Toledo's shares have returned +11.9% over the past month, contrasting with a -0.4% change in the Zacks S&P 500 composite [7] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [7]

Mettler-Toledo International Inc. (NYSE:MTD) Q2 2024 Earnings Conference Call August 2, 2024 7:30 AM ET Company Participants Adam Uhlman - Head of Investor Relations Patrick Kaltenbach - Chief Executive Officer Shawn Vadala - Chief Financial Officer. Conference Call Participants Dan Arias - Stifel Rachel Vatnsdal - JPMorgan Vijay Kumar - Evercore Jack Meehan - Nephron Matt Sykes - Goldman Sachs Dan Leonard - UBS Michael Ryskin - Bank of America Patrick Donnelly - Citi Catherine Schulte - Baird Tycho Peterso ...

Mettler-Toledo (MTD) came out with quarterly earnings of $9.65 per share, beating the Zacks Consensus Estimate of $9 per share. This compares to earnings of $10.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.22%. A quarter ago, it was expected that this maker of precision instruments would post earnings of $7.61 per share when it actually produced earnings of $8.89, delivering a surprise of 16.82%. Over the last four qu ...

Mettler-Toledo International, Inc. (MTD) is scheduled to report its second-quarter 2024 results on Aug 1. For the second quarter, MTD expects sales to decline 4% in local currency from the year-ago quarter's reported figure. The Zacks Consensus Estimate for the same is pegged at $923.89 million, indicating a fall of 5.9% from the year-ago period's reported figure. Adjusted second-quarter earnings are anticipated to be $8.90-$9.05 per share, implying an 11-13% fall from the year-ago quarter's reported number ...

Core Viewpoint - Analysts have maintained their consensus EPS estimate for Mettler-Toledo, indicating a collective reevaluation of initial estimates over the past 30 days [1] Financial Metrics Summary - Analysts forecast 'Net sales- Retail' to reach $55.97 million, reflecting a year-over-year decline of 0.8% [3] - Mettler-Toledo is predicted to report quarterly earnings of $9 per share, an 11.7% decrease compared to the same period last year, with revenues expected to be $923.89 million, down 5.9% year-over-year [4] - 'Net sales- Service (Point in Time+Over Time)' is estimated at $210.25 million, indicating a 5.8% decline from the previous year [6] - 'Net sales- Laboratory' is projected to reach $511.20 million, reflecting a year-over-year decrease of 2.9% [7] - 'Net sales- Products' is expected to be $714.03 million, showing a 5.9% decline year-over-year [9] - 'Net sales- Industrial' is estimated at $357.06 million, indicating a 10.5% decrease from the prior-year quarter [10] Market Performance - Over the past month, Mettler-Toledo shares have returned +6.2%, outperforming the Zacks S&P 500 composite's +0.1% change, with a current Zacks Rank of 3 (Hold) suggesting alignment with overall market performance in the near future [11]