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Stock impact report

Mettler-Toledo International Inc. Provides Business Update

Mettler-Toledo International, Inc. (MTD) 
Last mettler-toledo international, inc. earnings: 2/6 04:10 pm Check Earnings Report
Company Research Source: PR Newswire
COLUMBUS, Ohio, April 13, 2020 /PRNewswire/ -- Mettler-Toledo International Inc. (NYSE: MTD), a leading global supplier of precision instruments and services, announced today that due to the negative impact of the global spread of the COVID-19 pandemic, it is withdrawing 2020 annual guidance, which was provided on February 6, 2020. For the first quarter ended March 31, 2020, the Company expects that reported sales declined 4% and local currency sales declined 3% as currency reduced sales growth by 1%. The Company noted that first quarter local currency sales were negatively impacted by the COVID-19 pandemic on its operations in China as well as in other regions. The Company estimates that Adjusted EPS for the first quarter of 2020 will be below previously issued guidance. Adjusted EPS and local currency sales are non-GAAP financial measures.  Mettler-Toledo International Inc. is a global market leader in the majority of its businesses. The Company has excellent competitive advantages Show less Read more
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