Mettler-Toledo International Inc. reported robust fourth-quarter 2024 results, with GAAP diluted earnings per share (EPS) reaching $11.96, a significant increase from $8.52 in the prior-year quarter. Adjusted EPS for the quarter grew 32% to $12.41, compared to $9.40 in the fourth quarter of 2023. Total reported sales for Q4 2024 rose 12% to $1.045 billion, up from $934.992 million in the previous year.
Local currency sales in the fourth quarter increased by 12%, driven by strong customer demand for Laboratory products, particularly in Europe. Excluding the impact from delayed fourth-quarter 2023 shipments, local currency sales still increased by 6%. For the full year 2024, GAAP EPS was $40.48, and Adjusted EPS was $41.11, an 8% increase over the prior year's $38.03. Total reported sales for the full year increased 2% to $3.872 billion.
For the first quarter of 2025, management anticipates local currency sales to decline approximately 3% to 4%, which includes a 6% headwind from the previously disclosed shipping delays that benefited Q1 2024. Adjusted EPS for Q1 2025 is forecast to be $7.75 to $7.95, representing an 11% to 13% decline, incorporating an estimated 18% headwind from shipping delays and 2% from adverse currency.
Mettler-Toledo raised its full-year 2025 outlook, now expecting local currency sales to increase approximately 3%, which includes a 1.5% headwind from the 2023 shipping delays. Adjusted EPS for the full year 2025 is projected to be in the range of $42.35 to $43.00, representing growth of approximately 3% to 5%. This updated guidance is an increase from the previous forecast of $41.85 to $42.50, despite including estimated headwinds of 4% from shipping delays and 2% from adverse currency.
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