Mettler-Toledo International Inc. (NYSE:MTD) Q1 2017 Earnings Conference Call - Final Transcript
May 04, 2017 • 05:00 pm ET
surprised at it, and maybe we will do a little bit better in the quarter. It's certainly an area we've been investing for growth, so I'd like to see the growth continue. But if I look at our forecast for the second quarter, we're going to see some impact due to the Easter. But let's see how Q3 and Q4 come together.
Okay. And also, Bill, the -- with the first quarter, the operating margin expanded, I think you said 250 basis points. If I do my math correctly, it looks like maybe there's 150 basis points baked into the second quarter. But as I look at the full year or at least the second half, there's not nearly as much in the second half. Is there anything that you're -- one, is my math correct? And I guess, if so, is there anything that we should think about in the second half of the year other than just the growth rate?
Yes. I think the biggest impact is due to the growth rate. I was just looking at one of Mary's schedules here to see if currency had really a different impact. And no, it's similar. So yes, so Mary's saying a little bit worse, but it's mostly driven by the pure volume impacts.
Just a last -- the share count that underpins the 2017 guidance, give us a feel for that.
Yes. So it's 26 million [266 point] -- and just as a reminder, that includes the new accounting rules regarding the stock option stuff. And I guess maybe that number -- and I guess it's updated to the most recent stock price, or let me say it this way, last week's stock price.
And we have no other questions in the queue at this time. I'll turn the call back over to management for any remarks.
Thanks, Doris. And thanks everyone for joining us this evening. We appreciate it. Of course, always any questions, please don't hesitate to reach out to us. Take care, and everyone have a nice evening.
Ladies and gentlemen, this does conclude today's conference call. You may now disconnect.