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Mettler-Toledo sees YOY rise in Q4'16 net earnings

Mettler-Toledo International Inc. reported fourth-quarter 2016 net earnings of $137.8 million, or $5.17 per share, compared with $123.4 million, or $4.44 per share, in the year-ago period.

Adjusted operating income was $200.2 million, versus $182.2 million in the same period a year ago. Adjusted EPS for the quarter was $5.28, compared with $4.65 in the fourth quarter of 2015.

The S&P Capital IQ normalized EPS consensus estimate for the quarter was $5.12.

Fourth-quarter net sales were $709.7 million, up from $673.5 million in the prior-year quarter.

Net earnings for 2016 were $384.4 million, or $14.22 per share, as compared to $352.8 million, or $12.48 per share, a year ago. Adjusted operating income was $583.0 million, or $14.80 per share, versus $532.1 million, or $12.92 per share, in 2015.

The S&P Capital IQ normalized EPS consensus estimate for 2016 was $14.65.

Mettler-Toledo expects local currency sales growth for the first quarter of 2017 to be about 8%, with adjusted EPS in the range of $3.05 to $3.10. The S&P Capital IQ normalized EPS consensus estimate for the quarter is $2.79.

Local currency sales growth in 2017 is expected to be approximately 5.5%. This sales growth is expected to result in adjusted EPS in the range of $16.55 to $16.75. The S&P Capital IQ normalized EPS consensus estimate for 2017 is $16.27.