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Mettler-Toledo International Inc. Reports Second Quarter 2013 Results
Date:7/25/2013

ects the new authorization will be utilized over the next several years.  The Company added that the repurchases will be made through open market transactions, and the amount and timing will depend on business and market conditions, stock price, trading restrictions, the level of acquisition activity and other factors.Outlook  The Company updated its outlook for 2013 and noted that uncertainty in demand exists in most of its markets, which makes forecasting difficult.  Based on today's assessment, management anticipates that local currency sales growth in 2013 will be in the range of 1% to 2%.  This sales growth will result in Adjusted EPS in the range of $10.45 to $10.60, an increase of 8% to 10%.  This compares to previous guidance of Adjusted EPS in the range of $10.40 to $10.60.The Company stated that based on its assessment of market conditions today, management anticipates that local currency sales growth for the third quarter of 2013 will be in the range of 1% to 3% and Adjusted EPS will be in the range of $2.55 to $2.60, an increase of 6% to 8%.

Adjusted EPS excludes purchased intangible amortization, discrete tax items, restructuring charges and other one-time items.  While the Company has provided an outlook for Adjusted EPS, it has not provided an outlook for EPS as it would require an estimate of non-recurring items, which are not yet known.Conclusion Filliol concluded, "There is uncertainty in our markets and although we expect market conditions to improve, the timing of that recovery will likely be different by geographic region.  Our businesses in the Americas are generally performing well while in Europe market conditions are stable but below historic levels.  In Asia, and particularly in China, there is more uncertainty and we will monitor this closely.  With the adjustments that we made to our cost structure last year, we believe we are well positioned to focus on growth opportunities that exist,
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SOURCE Mettler-Toledo International Inc.
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