Stock Monitor: Atrion Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 12, 2018 / Active-Investors.com has just released a free earnings report on Mettler-Toledo International Inc. (NYSE: MTD) ("MTD").If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=MTD. The Company reported its financial results on February 08, 2018, for the fourth quarter and full fiscal year ended December 31, 2017. The Company's fourth quarter performance reflects a good sales growth and a continued strong adjusted EPS growth, which surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is currently working on the research report for Atrion Corporation (NASDAQ: ATRI), which also belongs to the Healthcare sector as the Company Mettler-Toledo Intl. Do not miss out and become a member today for free to access this upcoming report at:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Mettler-Toledo International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/'symbol=MTD
Earnings Highlights and Summary
For Q4 FY17, MTD's total revenues reached $778.03 million, up 9.63% from $709.7 million in Q4 FY16, driven by a strong product pipeline, along with Field Turbo investments, marketing initiatives, and Spinnaker sales. Of this, 6% was local currency sales growth and 4% was attributed to a favorable foreign exchange rate. The Company's revenue numbers surpassed analysts' consensus estimates of $765.1 million.
During Q4 FY17, MTD's total cost of sales was $322.81 million compared to $291.09 million in Q4 FY16, reflecting an increase of 10.90%. The Company's gross profit advanced 8.75% to $455.22 million in the reported quarter from $418.61 million in the year ago same quarter. The Company's gross profit margin declined 0.5% to 58.5% in Q4 FY17 from 59% in Q4 FY16.
MTD's research and development (R&D) expenses hiked 7.92% to $32.54 million y-o-y in Q4 FY17, mainly driven by a higher spending on product development. The Company's selling, general, and administrative expenses (SG&A) jumped 8.84% to $204.86 million y-o-y in Q4 FY17, primarily due to increases in variable compensation investments in Field Turbo programs and employee benefit costs. MTD's net earnings were $76.98 million in Q4 FY17, a decline of 44.13% from $137.78 million in Q4 FY16. The Company's diluted earnings per common share also fell 43.33% to $2.93 in the reported quarter from $5.17 in the year ago comparable quarter. MTD's reported quarter results included an income tax charge of $2.74 related to the new US tax legislation. The Company's diluted earnings per share (EPS), after adjusting for non-recurring items, increased 13.07% to $5.97 in Q4 FY17 from $5.28 in Q4 FY16. MTD's adjusted EPS exceeded analysts' consensus estimates of $5.94.
For the full fiscal year ended December 31, 2017, MTD's total revenues were $2.73 billion, up 8.64% from $2.51 billion in FY16. Of this, 9% was local currency sales growth. The Company's gross profit advanced 9.59% to $1.57 billion y-o-y in FY17. MTD's net earnings declined 2.18% to $375.97 million in FY17 from $384.37 million in FY16. The Company's diluted EPS rose 0.14% to $14.24 in FY17 from $14.22 in FY16. The Company's diluted EPS, excluding special items, was $17.57 in FY17, up 18.72% from $14.80 in FY16.
Cash Matters
MTD had cash and cash equivalents of $149.69 million as on December 31, 2017, 6.29% lower than $158.67 million as on December 31, 2016. The Company had a free cash flow of $130.66 million in Q4 FY17 compared to $82.56 million in Q4 FY16.
During the three months ended December 31, 2017, MTD's net cash provided from operating activities was $165.09 million, 7.59% higher than $153.45 million for the corresponding period of last year.
MTD's long-term debt was $960.17 million as on December 31, 2017, an increase of 9.73% from $875.06 million as on December 31, 2016. The Company repaid borrowings of $351.11 million in Q4 FY17, 153.94% higher than $138.27 million in Q4 FY16. MTD spent approximately $65 million on common stock repurchases in the reported quarter compared to $125 million in the year ago same quarter.
MTD purchased property, plant, and equipment (PPE) of $41.6 million in Q4 FY17 compared to $72.72 million in Q4 FY16.
Outlook
For the full fiscal year 2018, MTD expects a local currency sales growth of 6%. The Company expects its adjusted EPS to be in the range of $19.95 to $20.15, which indicates an increase of 14% to 15%. MTD's previous adjusted EPS guidance was $19.65 to $19.85 for FY18.
For the first quarter of 2018, MTD expects a local currency sales growth of 5%, and adjusted EPS to be in the band of $3.65 to $3.70, an increase of 9% to 11%.
Stock Performance Snapshot
March 09, 2018 - At Friday's closing bell, Mettler-Toledo International's stock advanced 1.50%, ending the trading session at $616.00.
Volume traded for the day: 128.38 thousand shares.
Stock performance in the previous six-month period - up 0.68%; and past twelve-month period - up 27.26%
After last Friday's close, Mettler-Toledo International's market cap was at $15.52 billion.
Price to Earnings (P/E) ratio was at 36.26.
The stock is part of the Healthcare sector, categorized under the Medical Instruments & Supplies industry. This sector was up 1.3% at the end of the session.
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