Mettler-Toledo International Inc. (MTD) announced that its fourth-quarter net earnings were $69.44 million or $2.01 per share, compared to $62.92 million or $1.84 in the fourth quarter of 2008. Adjusted EPS was $2.09, a 5% increase over the prior-year amount of $2.00.
Sales were $511.7 million, a 5% decline in local currency sales, as compared with $509.7 million in the prior year.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.97 per share on revenues of $505.39 million for the quarter. Analysts' estimates typically exclude special items.
For the first quarter 2010, the Company anticipates local currency sales to be in the range of 1% to 3% and Adjusted EPS in the range of $0.98 to $1.04, an increase of 3% to 9%. Analysts expect the company to report earnings of $1.06 per share on revenues of $393.98 million for the first-quarter.
The company anticipates that local currency sales growth in 2010 will be in the range of 3% to 5% and Adjusted EPS will be in the range of $5.90 to $6.15, an increase of 6% to 10%. Adjusted EPS excludes purchased intangible amortization, discrete tax items, restructuring charges and other one-time items. Analysts expect the company to report earnings of $6.13 per share on revenues of $1.82 billion for fiscal 2010.
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