Here's What Key Metrics Tell Us About Mettler-Toledo (MTD) Q2 Earnings

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]