Mettler-Toledo Intl. (MTD) Tops Q1 EPS by 2c

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Mettler-Toledo International Inc. Reports First Quarter 2016 Results

May 5, 2016 4:14 PM EDT

COLUMBUS, Ohio, May 5, 2016 /PRNewswire/ -- Mettler-Toledo International Inc. (NYSE: MTD) today announced first quarter results for 2016.  Provided below are the highlights:

Sales in local currency increased 4% in the quarter compared with the prior year.  Reported sales increased 1% as currency reduced sales growth by 3% in the quarter. Net earnings per diluted share as reported (EPS) were $2.40, compared with $2.19 in the prior-year period.  Adjusted EPS was $2.46, an increase of 9% over the prior-year amount of $2.25.  Adjusted EPS is a non-GAAP measure and excludes purchased intangible amortization, discrete tax items,... More