Mettler-Toledo International Inc. (MTD) Q1 2023 Earnings Call Transcript

Mettler-Toledo International Inc. (NYSE:MTD) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET

Company Participants

Adam Uhlman - Head-Investor Relations

Patrick Kaltenbach - Chief Executive Officer

Shawn Vadala - Chief Financial Officer

Conference Call Participants

Josh Waldman - Cleveland

Jack Meehan - Nephron Research

Dan Arias - Stifel

Patrick Donnelly - Citi

Vijay Kumar - Evercore ISI

Tim Daley - Wells Fargo

Derik De Bruin - Bank of America

Catherine Schulte - Baird

Matt Sykes - Goldman Sachs

Liza Garcia - UBS

Brandon Couillard - Jefferies

Operator

Good morning, and welcome to the Mettler-Toledo First Quarter 2023 Earnings Conference Call. Today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question and answer session. [Operator Instructions]

At this time, I would like to turn the conference over to Adam Uhlman, Head of Investor Relations. Please go ahead.

Adam Uhlman

Thank you, Angela. Good morning everyone. Thank you for joining us. On the call with me today is Patrick Kaltenbach, our Chief Executive Officer; and Shawn Vadala our Chief Financial Officer.

Let me cover some administrative matters. This call is being webcast and is available for replay on our website at mt.com. A copy of the press release and the presentation that we will refer to today is available on our website. This call will also include forward-looking statements within the meaning of the US Securities Act of 1933 and the US Securities Exchange Act of 1934. These statements involve risks, uncertainties and other factors that may cause our actual results, financial condition, performance and achievements to be materially different from those expressed or implied by any forward-looking statements.

For a discussion of these risks and uncertainties, please see our recent annual report on Form 10-K and quarterly and current reports filed with the SEC. The company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statements, except as required by law. On today's call, we will use non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measure is provided in the 8-K and is also available on our website.

Let me now turn the call over to Patrick.

Patrick Kaltenbach

Thanks, Adam, and good morning everyone. We appreciate you joining our call today. Last night, we reported our first quarter earnings results and I'm happy to share that we have started the year off strong, with very good sales and profit growth. The details of our financials are outlined for you on page three of our presentation.