Mettler-Toledo(US:MTD)2024-02-09 11:26Financial Performance - Q4 2023 - Mettler-Toledo's Q4 net sales decreased by 12% to $934.992 million[25], with a local currency sales decline of 13%[3, 25] - The adjusted operating margin for Q4 was 30.1%, a decrease of 380 basis points[3, 25] - Adjusted EPS for Q4 was $9.40, a decrease of 22%[3, 25] Financial Performance - Full Year 2023 - Full year net sales decreased by 3% to $3.788 billion[5, 26], with a local currency sales decline of 3%[5, 26] - The adjusted operating margin for the full year was 30.4%[26] - Adjusted EPS for the full year was $38.03, a decrease of 4%[26] Sales by Geography - Q4 2023 - Americas sales increased by 9% in local currency to $428 million[4] - Europe sales decreased by 16% in local currency to $260 million[4] - Asia/ROW sales decreased by 18% in local currency to $273 million[4] Sales by Geography - Full Year 2023 - Americas sales decreased by 1% in local currency to $1.568 billion[5] - Europe sales decreased by 2% in local currency to $1.015 billion[5] - Asia/ROW sales decreased by 5% in local currency to $1.205 billion[5] Sales by Product - Q4 2023 - Laboratory sales decreased by 18% in local currency to $513 million[7] - Industrial sales decreased by 7% in local currency to $370 million[7] - Food sales increased by 9% in local currency to $51 million[7] Sales by Product - Full Year 2023 - Laboratory sales decreased by 7% in local currency to $2.069 billion[10] - Industrial sales decreased by 1% in local currency to $1.490 billion[10] - Food sales increased by 27% in local currency to $229 million[10]