METTLER TOLEDO is a global manufacturer and marketer of precision instruments for use in laboratory, industrial and food retailing applications. The Company has strong worldwide leadership positions. A significant majority of our instrument sales are in segments in which we are the global leader. In addition to a broad product offering, we have one of the largest global sales and service organizations among precision instrument companies.
We focus on the high value-added segments of our markets by providing innovative instruments that often integrate various technologies including application-specific solutions for customers. We design our instruments not only to gather valuable data but also to facilitate the processing and transfer of this data into customers' management information systems.
METTLER TOLEDO is geographically diversified with sales in 2019 derived 30% from Europe, 39% from the Americas and 31% from Asia and other countries. The Company has an extensive global sales and service organizations with approximately 8,150, or approximately one-half, of our employees providing sales, marketing and service in 40 countries. The Company has a manufacturing presence in Europe, the United States and China.
|For the years ended December 31,||(Dollars in millions, except per share data)|
|Net sales||$3,008.7||$2,935.6||5% growth in local currencies|
|Adjusted operating income (1)||$778.1||$730.5||7% growth|
|Adjusted EPS (2)||$22.77||$20.32||12% growth|
|Operating cash flow||$603||$565||7% growth|
(1) Adjusted operating income represents gross profit less research and development, selling, general and administrative expenses, before amortization, interest expense and other charges/income.
(2) Adjusted EPS excludes purchased intangibles amortization, discrete tax items, restructuring charges and other one-time charges. Our press release of February 6, 2020 provides further details and a reconciliation.
|Mary T. Finnegan
Investor Relations / Finance
Phone: (614) 438-4748
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