METTLER-TOLEDO INTERNATIONAL Reports Total Revenue of USD 982.1 Million for Q2 FY 2023, Up 0.4% Y-o-Y
August 8, 2023
🌥️Earnings Overview
For the quarter ending June 30 2023, METTLER-TOLEDO INTERNATIONAL ($NYSE:MTD) reported total revenue of USD 982.1 million, a 0.4% increase from the same period of the prior year. Net income for the quarter was USD 213.9 million, a 0.9% rise year over year.
Analysis
GoodWhale has conducted an analysis of METTLER-TOLEDO INTERNATIONAL‘s financial and business wellbeing, and has given the company a medium risk rating. This rating indicates that, while there may be some potential risks associated with investment in this company, it is not considered to be overly high risk. However, GoodWhale has detected two risk warnings in the company’s balance sheet, which would be worth further investigation. To gain a detailed understanding of the risks involved, investors should register on GoodWhale.com. Doing so will give access to the full range of data and deeper insight into the company’s financial and business risks. Ultimately, this will help investors determine if METTLER-TOLEDO INTERNATIONAL is the right choice for their portfolio. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mettler-toledo International. More…
| Total Revenues | Net Income | Net Margin |
| 3.95k | 888.78 | 22.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mettler-toledo International. More…
| Operations | Investing | Financing |
| 969.15 | -164.04 | -827.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mettler-toledo International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.37k | 3.46k | -1.11 |
Key Ratios Snapshot
Some of the financial key ratios for Mettler-toledo International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 17.7% | 29.3% |
| FCF Margin | ROE | ROA |
| 21.7% | -2962.0% | 21.5% |
Peers
Mettler-Toledo International Inc is a leading manufacturer of weighing instruments for use in laboratory, industrial, and food retailing applications. The company operates in a highly competitive market with various international competitors such as Agilent Technologies Inc, Neogen Corp, and Sonova Holding AG.
– Agilent Technologies Inc ($NYSE:A)
Agilent Technologies Inc is a publicly traded company with a market capitalization of 38.18 billion as of 2022. The company’s return on equity for the same year was 19.27%. Agilent Technologies is a leading global provider of scientific instruments, software, services, and solutions. The company offers a wide range of products and services for the life sciences, diagnostics, and applied chemical markets.
– Neogen Corp ($NASDAQ:NEOG)
Neogen Corporation is a publicly traded company headquartered in Lansing, Michigan that develops, manufactures and markets a variety of products dedicated to food and animal safety. The company’s Food Safety Division offers a range of testing kits and instruments to detect foodborne pathogens, natural toxins, food allergens, genetic modifications, ruminant by-products, and general sanitation concerns. The Animal Safety Division provides animal healthcare products, including diagnostic tests, vaccines, and pharmaceuticals.
– Sonova Holding AG ($OTCPK:SONVY)
Sonova Holding AG is a Swiss manufacturer of hearing aids and cochlear implants. The company has a market capitalization of 14.07 billion as of 2022 and a return on equity of 18.9%. Sonova was founded in 1947 and is headquartered in Stäfa, Switzerland. The company’s products are sold under the Phonak, Unitron, and Widex brands.
Summary
METTLER-TOLEDO INTERNATIONAL saw a modest increase in revenue and net income for the second quarter of fiscal year 2023, ending June 30 2023. Total revenue was USD 982.1 million, up 0.4% year-over-year, and net income was USD 213.9 million, a 0.9% increase. This indicates that the company is in a positive financial position, and investors may wish to consider the stock as a potential investment. Furthermore, the company appears to have strong growth potential, with its revenue increasing despite the turbulent economic climate.
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