Mettler-Toledo Intl. (MTD) Tops Q2 EPS by 8c

Mettler-Toledo Intl. (NYSE: MTD) reported Q2 EPS of $2.25, $0.08 better than the analyst estimate of $2.17. Revenue for the quarter came in at $535.7 million versus the consensus estimate of $533.7 million.

Mettler-Toledo Intl. sees FY2015 EPS of $12.75-$12.90, versus prior guidance of $12.70-$12.90 and the consensus of $12.82.

Olivier Filliol, President and Chief Executive Officer, stated, "Sales growth in the Americas was strong and we continue to perform well in Europe. Demand in our China industrial business was weaker than expected, but growth in our other China businesses and in other regions of Asia / Rest of World was very strong. We had another quarter of good EPS growth driven by our ongoing margin enhancement and cost control initiatives."

Filliol concluded, "We remain cautious on the global economy, in particular on the timing of the recovery in our Chinese industrial business. Globally, we continue to believe we are strongly positioned to generate above market growth in 2015 and beyond. We are benefitting from our robust product pipeline, innovative sales and marketing programs and front-end resources we are adding via our field turbo program. We also remain focused on our margin enhancement initiatives and believe we can continue to achieve good cash flow generation."

For earnings history and earnings-related data on Mettler-Toledo Intl. (MTD) click here.

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