Mettler-Toledo International Inc

MTD: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$9,953.00	Zqvxfqr	Ypyyzjcdgb

Mettler Toledo Earnings: Steady Momentum Maintained Despite Currency Headwinds and Soft Market Conditions in China

Jay Lee ,

Aug 2, 2024

Narrow-moat Mettler Toledo reported better than expected second quarter results, despite facing macroeconomic challenges and unfavorable foreign currency pressures. This has translated into the firm reporting adjusted operating profit of $551 million, marking a 4% year-over-year decline but surpassing their prior-quarter forecast. Management’s guidance for the remainder of 2024 remains largely unchanged and aligns closely with our forecasts, leading us to uphold our fair value estimate of $1,200.

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