Mettler-Toledo International (MTD) Revenue — Quarter Ended Jun 30, 2024
Revenue for the recent quarter declined compared to the same period last year but improved sequentially. The sequential growth came despite lingering headwinds in product sales, partially offset by higher service revenue.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the recent quarter declined compared to the same period last year but improved sequentially. The sequential growth came despite lingering headwinds in product sales, partially offset by higher service revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$946.8M
Revenue reported for this quarter.
Quarter-over-quarter
+2.2%
Change from the immediately preceding quarter.
Year-over-year
-3.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.8B
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 |
|---|---|---|
| Sep 30, 2023 | $942.5M | -4.4% |
| Dec 31, 2023 | $935M | -11.6% |
| Mar 31, 2024 | $925.9M | -0.3% |
| Jun 30, 2024 | $946.8M | -3.6% |
Revenue performance
Net earnings rose slightly compared to the same quarter a year earlier even as revenue declined, reflecting improved margins and effective cost management.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased, reversing a string of sequential declines. However, it remained below the level achieved in the same quarter one year earlier.
What to watch
The company’s risk factors highlight potential impacts from uncertain global market conditions on future cash generation.