Mettler-Toledo Has a Slight Profit Decline

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On Feb. 5, 2009, Mettler-Toledo (MTD Quote) reported a marginal decline in its Q4 FY08 earnings, hurt by after-tax restructuring charge of $4.70 million, or $0.14 per share. Net profit for the latest fourth declined to $62.92 million from $63.27 million. However, EPS improved to $1.84 per share from $1.72 per share on lower share count. Excluding one-time charges, earnings grew 15.6% to $2.00 per share from $1.73 per share, which topped the consensus estimate of $1.89 per share.

Net sales declined 4.3% to $509.69 million from $532.84 million a year ago, negatively hurt by 5.0% exchange rates. Geographically, local currency sales increased 1.0% in Europe and 6.0% in Asia & Rest of World and declined 3.0% in the Americas. ...