METTLER TOLEDO INTERNATIONAL INC
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
MTD$1,751.38-0.6%Stored close · as of Nov 10, 2026
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Item 1. Unaudited Interim Consolidated Financial Statements:
Item 1. Financial Statements
INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Three months ended September 30, 2024 and 2023
| September 30,2024 | September 30,2023 | |
|---|---|---|
| Net sales | ||
| Products | $715,593 | $722,611 |
| Service | 238,942 | 219,851 |
| Total net sales | 954,535 | 942,462 |
| Cost of sales | ||
| Products | 273,205 | 280,704 |
| Service | 108,863 | 102,219 |
| Gross profit | 572,467 | 559,539 |
| Research and development | 47,117 | 46,127 |
| Selling, general and administrative | 228,777 | 217,447 |
| Amortization | 18,243 | 18,314 |
| Interest expense | 18,599 | 20,278 |
| Restructuring charges | 2,631 | 7,385 |
| Other charges (income), net | (1,852) | (1,171) |
| Earnings before taxes | 258,952 | 251,159 |
| Provision for taxes | 47,436 | 49,528 |
| Net earnings | $211,516 | $201,631 |
| Basic earnings per common share: | ||
| Net earnings | $10.01 | $9.26 |
| Weighted average number of common shares | 21,139,674 | 21,776,944 |
| Diluted earnings per common share: | ||
| Net earnings | $9.96 | $9.21 |
| Weighted average number of common and common equivalent shares | 21,242,343 | 21,886,482 |
| Comprehensive income, net of tax (Note 9) | $194,101 | $205,694 |
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INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
| September 30,2024 | September 30,2023 | |
|---|---|---|
| Net sales | ||
| Products | $2,128,821 | $2,197,583 |
| Service | 698,413 | 655,734 |
| Total net sales | 2,827,234 | 2,853,317 |
| Cost of sales | ||
| Products | 815,703 | 863,408 |
| Service | 325,263 | 300,261 |
| Gross profit | 1,686,268 | 1,689,648 |
| Research and development | 139,303 | 138,849 |
| Selling, general and administrative | 698,963 | 680,679 |
| Amortization | 54,649 | 54,135 |
| Interest expense | 56,781 | 57,711 |
| Restructuring charges | 17,624 | 19,680 |
| Other charges (income), net | (3,728) | (2,578) |
| Earnings before taxes | 722,676 | 741,172 |
| Provision for taxes | 111,837 | 137,188 |
| Net earnings | $610,839 | $603,984 |
| Basic earnings per common share: | ||
| Net earnings | $28.69 | $27.54 |
| Weighted average number of common shares | 21,288,202 | 21,933,889 |
| Diluted earnings per common share: | ||
| Net earnings | $28.55 | $27.37 |
| Weighted average number of common and common equivalent shares | 21,396,456 | 22,067,398 |
| Comprehensive income, net of tax (Note 9) | $602,872 | $568,064 |
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