Mettler-Toledo International (MTD) Revenue — Quarter Ended Sep 30, 2024
Revenue increased compared to the prior quarter and the same quarter last year. The service segment drove the growth, while product sales declined slightly.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased compared to the prior quarter and the same quarter last year. The service segment drove the growth, while product sales declined slightly.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$954.5M
Revenue reported for this quarter.
Quarter-over-quarter
+0.8%
Change from the immediately preceding quarter.
Year-over-year
+1.3%
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 |
|---|---|---|
| Dec 31, 2023 | $935M | -11.6% |
| Mar 31, 2024 | $925.9M | -0.3% |
| Jun 30, 2024 | $946.8M | -3.6% |
| Sep 30, 2024 | $954.5M | +1.3% |
Revenue performance
Total net sales rose from the preceding quarter, supported by higher service revenue. Product sales were lower, but the overall improvement in service helped lift the total.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. Versus the same quarter one year earlier, revenue also increased, reversing a pattern of declines in prior periods.
What to watch
The company's liquidity discussion highlights ongoing share repurchases and capital expenditures, which may influence future financial metrics.