Mettler-Toledo International (MTD) Revenue — Quarter Ended Mar 31, 2023
Revenue rose compared to the same quarter last year, marking continued year-over-year growth. However, the top line declined sharply from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2022 Q1
Revenue rose compared to the same quarter last year, marking continued year-over-year growth. However, the top line declined sharply from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$928.7M
Revenue reported for this quarter.
Quarter-over-quarter
-12.2%
Change from the immediately preceding quarter.
Year-over-year
+15.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $978.4M | +21.2% |
| Sep 30, 2022 | $985.8M | +22.1% |
| Dec 31, 2022 | $1.1B | +2.0% |
| Mar 31, 2023 | $928.7M | +15.5% |
Revenue performance
The quarter’s revenue reflects solid year-over-year improvement despite a sequential decline. Operating results were supported by higher gross profit and net earnings versus the prior-year period.
Quarterly comparison
Compared with the prior quarter, revenue fell after three consecutive quarters of increases. Year-over-year performance remained positive, driven by growth in both product and service sales.
What to watch
Management highlighted improved operating cash flow and lower inventory-related working capital needs, suggesting continued focus on balance sheet efficiency.