speaker
Operator
Operator

Hello, and welcome to the Mettler Toledo third 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, please press star one. I would now like to turn the conference over to Adam Ullman, head of investor relations. You may begin.

speaker
Adam Ullman
Head of Investor Relations

Hey, thanks, Sarah, and good morning, everyone. Thanks for joining us. On the call with me today is Patrick Kaltenbach. our Chief Executive Officer, and Sean Vidal, 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 available on our 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 statement. 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 may use non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable measures is provided in the 8K and is available on our website. Let me now turn the call over to Patrick.

speaker
Patrick Kaltenbach
Chief Executive Officer

Thanks, Adam, and good morning, everyone. We appreciate you joining our call today. Last night, we reported our third quarter financial results the details of which are outlined for you on page three of our presentation. We experienced good growth during the third quarter in our laboratory business and had particularly strong growth in service. While China grew modestly this quarter, market conditions remained challenging, particularly in the industrial sector. We are very pleased with our team's strong execution of our growth and margin expansion initiatives, which supported good earnings growth in the quarter. We continue to execute very well and will benefit from the prior year shipping delays in the fourth quarter. However, global market conditions remain soft. We have introduced many exciting innovations as well as next generations of our Spinnaker sales and marketing and Stern Drive productivity programs over the past year. We also continue to leverage our business diversity and ability to provide value throughout our customer's value chain to identify and capture growth opportunities and believe we are very well positioned to gain market share and deliver good earnings growth in the future. Let me now turn the call over to Sean to cover the financial results and our guidance, and then I will come back with some additional commentary on the business and our outlook. Sean?

Disclaimer

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Investor presentation