Mettler Toledo International (MTD) FY2018 results: revenue $2.9 billion, up 7.7% on the year
Mettler Toledo International Inc. (MTD) reported revenue of $2.9 billion for fiscal 2018, the year ended 31 December 2018, up 7.7% on the year before. Net income was $513 million, up 36.3%, and diluted earnings per share $19.88. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2019.
Revenue
$2.9 billion
+7.7% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$513 million
+36.3% on the year
FY2011FY2018
Diluted EPS
$19.88
+39.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,936
2,725
2,508
+7.7%
Cost of revenue
1,251
1,152
1,073
+8.6%
Gross profit
1,684
1,573
1,436
+7.1%
Gross margin
57.4%
57.7%
57.2%
Research and development
141
128
119
+9.9%
Selling, general and administrative
813
795
745
+2.3%
Interest expense
34.5
32.8
28.0
+5.3%
Pre-tax income
652
574
504
+13.5%
Income tax
139
198
120
-29.8%
Effective tax rate
21.4%
34.5%
23.8%
Net income
513
376
384
+36.3%
Net margin
17.5%
13.8%
15.3%
Diluted EPS
$19.88
$14.24
$14.22
+39.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
565
516
461
+9.4%
Capital expenditure
143
127
124
+12.0%
Free cash flow
422
389
337
+8.6%
Free cash flow margin
14.4%
14.3%
13.4%
Cash from investing
-139
-217
-231
Cash from financing
-388
-320
-164
Depreciation and amortisation
51.5
45.0
41.0
+14.5%
Share-based compensation
17.6
16.6
15.3
+6.0%
Buybacks
475
400
500
+18.8%
Diluted shares, weighted
26m
26m
27m
-2.3%
Shares outstanding at period end
25m
26m
26m
-2.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
590
547
435
+7.8%
Debt
1,035
980
894
+5.6%
Other liabilities
994
1,023
838
-2.8%
Total liabilities and equity
2,619
2,550
2,167
+2.7%
Fixed assets
718
668
564
+7.4%
Goodwill
535
540
476
-0.9%
Intangible assets
217
227
167
-4.2%
Cash and equivalents
178
149
159
+19.8%
Receivables
536
529
455
+1.3%
Inventory
269
255
222
+5.3%
Other assets
167
182
124
-8.5%
Total assets
2,619
2,550
2,167
+2.7%
10-K for the year ended 31 December 2018, filed 8 February 2019: the filing.