Mettler-Toledo International, Inc.

Thank you for standing by. My name is Sarah and I will be your conference operator today. At this time, I would like to welcome everyone to the Mettler Toledo first quarter 2024 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. And if you would like to ask a question during this time, simply press star one on your telephone keypad. I would now like to turn the conference over to Adam Ullman, head of investor relations. You may begin.

Hey, thank you, Sarah, and good morning, everyone. Thanks for joining us. On the call with me today is Patrick Kaltenbach, our Chief Executive Officer, and Sean Vidala, 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 on today's call is also available on the website. This call will include forward-looking statements, within the meaning of the U.S. Securities Act of 1933 and the U.S. 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 discussion of these risks and uncertainties, please see our recent annual report on Form 10-K and our 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 statement except as required by law. On the call, we may use non-GAAP financial measures. The reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures is provided in the 8K and is available on our website. Let me now turn the call over to Patrick.

Thanks, Adam, and good morning, everyone. We appreciate you joining our call today. Last night, we reported our first quarter financial results, the details of which are outlined for you on page three of our presentation. Overall, our results in the first quarter were much better than anticipated across most product categories and geographies. As discussed last quarter, we also had a benefit this quarter from recovering delayed product shipments from the fourth quarter. We recovered more than expected and shipped nearly all of our delayed orders and are glad to have this disruption behind us. While our team executed well this quarter, underlying market demand is still soft, especially in China, and there remains considerable uncertainty in the global economic and geopolitical environment. We continue to maintain a cautious outlook, and we still expect to return to sales growth in the second half of the year largely due to easier comparisons otherwise we remain focused on executing on our growth and productivity initiatives so we will emerge stronger as our markets improve let me now turn the call over to sean to cover the financial results for the quarter and our guidance for this year and then i will come back with some additional commentary on the business sean thanks patrick and good morning everyone sales in the quarter were 926 million dollars