Leading Company of Precision Instruments
We are a global manufacturer and marketer of precision instruments for use in laboratory, industrial and food retailing applications. We have 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 2010 derived 37% from Europe, 36% from the Americas and 27% from Asia and other countries. The Company has an extensive global sales and service organizations with approximately 5'500 or more than one-half of our employees providing sales and service in 35 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)|
| ||2012||2011||2012 Highlights|
|Net sales||$2,342||$2,309||4% growth in local currencies|
|Adjusted operating income (1)||$444||$399||12% growth|
|Adjusted EPS (2)||$9.67||$8.36||16% growth|
|Operating cash flow||$328||$281||17% 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 and restructuring charges. Our press release of February 6, 2013 provides further details and a reconciliation.