Mettler-Toledo International Inc
MTD: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$4,753.00 | Wtwvz | Prwvdnrw |
Mettler Toledo Earnings: Steady Momentum Maintained Despite Currency Headwinds and Soft Market Conditions in China
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.