May. 1 at 9:01 PM
$MTD Mettler-Toledo reports Q1 EPS
$8.19, consensus
$7.88
Reports Q1 revenue
$883.7M, consensus
$875.8M. Patrick Kaltenbach, CEO, stated, "We had a good start to the year with solid growth in our Laboratory business, excluding the recovery of delayed shipments in the first quarter of 2024. Strong execution of our margin expansion strategies led to better-than-expected earnings. The ongoing global trade disputes have significantly increased uncertainty in global customer demand.
We also estimate gross incremental global tariff costs of approximately
$115 million on an annualized basis and are implementing mitigating actions this year that will fully offset these costs next year. We are confident that our strong culture of operational excellence and our highly agile team will continue to perform well in this dynamic environment, and we will benefit from the breadth of our innovative product portfolio and strategic programs."
