Mettler-Toledo International Inc. Reports Second Quarter 2026 Results

COLUMBUS, Ohio--( BUSINESS WIRE)--Mettler-Toledo International Inc. (NYSE: MTD) today announced second quarter results for 2026. Provided below are the highlights:

Second Quarter Results

Patrick Kaltenbach, President and Chief Executive Officer, stated, “Our second quarter results were strong and reflected better than expected organic sales growth across our portfolio, including very good growth in China and emerging markets. Improved market conditions and benefits from our Spinnaker sales and marketing and productivity initiatives resulted in excellent Adjusted EPS growth in the quarter.”

GAAP Results

EPS in the quarter was $11.55, compared with the prior-year amount of $9.76.

Compared with the prior year, total reported sales increased 4% to $1.027 billion. By region, reported sales decreased 3% in the Americas and increased 7% in Europe and 12% in Asia/Rest of World. Earnings before taxes amounted to $289.4 million, compared with $248.7 million in the prior year.

Non-GAAP Results

Adjusted EPS was $11.46, an increase of 14% over the prior-year amount of $10.09.

Compared with the prior year, local currency sales increased 6%, or 4% excluding acquisitions, before a one-time tariff refund to customers that reduced sales growth by 3%. By region, local currency sales increased 1% in the Americas, 4% in Europe, and 9% in Asia/Rest of World excluding acquisitions and tariff refunds. Adjusted Operating Profit amounted to $309.3 million, compared with the prior-year amount of $283.3 million.

The Company’s non-GAAP results exclude a one-time $52 million benefit from IEEPA tariff refunds that benefited Cost of Sales, as well as a one-time $28 million related refund to customers that reduced Net Sales.

Adjusted EPS and Adjusted Operating Profit are non-GAAP measures. Reconciliations to the most comparable GAAP measures are provided in the attached schedules.

Six Month Results

GAAP Results

EPS was $19.87, compared with the prior-year amount of $17.56.

Compared with the prior year, total reported sales increased 6% to $1.974 billion. By region, reported sales were flat in the Americas and increased 10% in Europe and 10% in Asia/Rest of World. Earnings before taxes amounted to $499.1 million, compared with $450.6 million in the prior year.

Non-GAAP Results

Adjusted EPS was $20.35, an increase of 11% over the prior-year amount of $18.27.

Compared with the prior year, local currency sales increased 4%, or 3% excluding acquisitions, before a one-time tariff refund to customers that reduced sales growth by 1%. By region, local currency sales were flat in the Americas and increased 3% in Europe and 6% in Asia/Rest of World excluding acquisitions and tariff refunds. Adjusted Operating Profit amounted to $555.6 million, compared with the prior-year amount of $520.0 million.

Adjusted EPS and Adjusted Operating Profit are non-GAAP measures. Reconciliations to the most comparable GAAP measures are provided in the attached schedules.

Outlook

Management cautions that market conditions are uncertain and could change quickly. Based on today's assessment, management anticipates local currency sales for the third quarter of 2026 will increase approximately 4%. Adjusted EPS is forecast to be $12.00 to $12.15, a growth rate of 8% to 9%.

For the full year 2026, management anticipates local currency sales will increase approximately 4% to 5% excluding tariff refunds to customers. Adjusted EPS is forecast to be in the range of $47.15 to $47.50, representing growth of approximately 10% to 11%. This compares with previous local currency sales growth guidance of approximately 4% and Adjusted EPS guidance of $46.30 to $46.95.

The Company does not provide GAAP financial measures on a forward-looking basis because we are unable to predict with reasonable certainty and without unreasonable effort the timing and amount of future restructuring and other non-recurring items.

Conclusion

Kaltenbach concluded, “Our team remains agile and focused on capturing growth opportunities leveraging our sophisticated Spinnaker program and innovative product portfolio, while benefiting from trends in automation, digitalization, and onshoring investments. I am confident that strong execution of our strategic initiatives will continue to deliver solid financial performance.”

Other Matters

The Company will host a conference call to discuss its quarterly results tomorrow morning (Friday, July 31) at 7:30 a.m. Eastern Time. To listen to a live webcast or replay of the call, visit the investor relations page on the Company’s website at investor.mt.com. The presentation referenced on the conference call will be located on the website prior to the call.

METTLER TOLEDO (NYSE: MTD) is a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in most of them. We are recognized as an innovation leader and our solutions are critical in key R&D, quality control, and manufacturing processes for customers in a wide range of industries including life sciences, food, and chemicals. Our sales and service network is one of the most extensive in the industry. Our products are sold in more than 140 countries and we have a direct presence in approximately 40 countries. With proven growth strategies and a focus on execution, we have achieved a long-term track record of strong financial performance. For more information, please visit www.mt.com.

Forward-Looking Statements Disclaimer

You should not rely on forward-looking statements to predict our actual results. Our actual results or performance may be materially different than reflected in forward-looking statements because of various risks and uncertainties. You can identify forward-looking statements by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” or “continue.”

We make forward-looking statements in this Quarterly Report about future events or our future financial performance, including sales and earnings growth, earnings per share, strategic plans and contingency plans, growth opportunities or economic downturns, our ability to respond to changes in market conditions, planned research and development efforts and product introductions, adequacy of facilities, access to and the costs of raw materials, shipping and supplier costs, gross margins, customer demand, our competitive position, pricing, capital expenditures, cash flow, share repurchases, tax-related matters, the impact of foreign currencies, compliance with laws, effects of acquisitions, the impact of inflation, ongoing developments related to global trade disputes/tariffs, governmental policies, the geopolitical environment, the conflict in Ukraine and continuing instability in the Middle East on our business.

Our forward-looking statements may not be accurate or complete, speak only as of the date of this Quarterly Report, and we do not intend to update or revise them in light of actual results. New risks also periodically arise. Please consider the risks and factors that could cause our results to differ materially from what is described in our forward-looking statements, including ongoing developments related to global trade disputes/tariffs, governmental policies, the geopolitical environment, inflation, the conflict in Ukraine and continuing instability in the Middle East. See in particular “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2025 and other reports filed with the SEC from time to time.

METTLER-TOLEDO INTERNATIONAL INC.

Three months ended

June 30, 2026

% of sales

June 30, 2025

% of sales

1,027,314

100.0

983,221

100.0

377,096

36.7

403,345

41.0

650,218

63.3

579,876

59.0

52,989

5.2

49,285

5.0

263,334

25.6

247,298

25.2

19,426

1.9

17,581

1.8

17,246

1.7

16,779

1.7

5,450

0.5

3,557

0.3

2,372

0.2

(3,281

)

(0.3

)

289,401

28.2

248,657

25.3

56,502

5.5

46,309

4.7

232,899

22.7

202,348

20.6

11.57

9.78

20,121,564

20,687,312

11.55

9.76

20,166,298

20,738,699

(a)

Three months ended

June 30, 2026

June 30, 2025

289,401

248,657

(24,551

)

19,426

17,581

17,246

16,779

5,450

3,557

2,372

(3,281

)

309,344

29.3

283,293

28.8

(b)

(c)

METTLER-TOLEDO INTERNATIONAL INC.

Six months ended

June 30, 2026

June 30, 2025

1,974,441

1,866,965

768,407

761,210

1,206,034

1,105,755

104,264

95,631

521,660

490,097

39,038

34,774

34,253

33,432

12,720

7,324

(4,957

)

(6,102

)

499,056

450,599

96,703

84,664

402,353

365,935

19.92

17.61

20,203,339

20,777,591

19.87

17.56

20,251,532

20,836,768

(a)

Six months ended

June 30, 2026

June 30, 2025

499,056

450,599

(24,551

)

39,038

34,774

34,253

33,432

12,720

7,324

(4,957

)

(6,102

)

555,559

520,027

(b)

(c)

METTLER-TOLEDO INTERNATIONAL INC.

51,383

66,888

731,480

778,243

411,563

387,228

152,961

130,308

1,347,387

1,362,667

831,941

845,636

1,001,472

1,018,135

490,144

486,208

3,670,944

3,712,646

67,290

63,931

229,801

266,628

903,410

867,557

1,200,501

1,198,116

2,044,673

2,088,241

412,947

449,925

3,658,121

3,736,282

12,823

(23,636

)

3,670,944

3,712,646

METTLER-TOLEDO INTERNATIONAL INC.

Three months ended

Six months ended

June 30,

2026

2025

2026

2025

232,899

202,348

402,353

365,935

13,300

12,870

26,460

25,334

19,426

17,581

39,038

34,774

1,817

(1,961

)

(177

)

(2,840

)

5,371

5,382

10,840

10,521

6,240

37,603

146

(34,544

)

(2,909

)

310,416

236,366

450,210

430,815

(27,792

)

(23,877

)

(45,206

)

(41,132

)

(2,915

)

(2,242

)

(2,915

)

25,850

(20,858

)

14,158

(10,510

)

(1,942

)

(47,650

)

(33,290

)

(54,557

)

442,405

610,082

955,995

1,122,578

(546,807

)

(584,046

)

(966,911

)

(1,063,372

)

795

6,864

1,415

9,062

(206,250

)

(218,748

)

(412,500

)

(437,497

)

(7,555

)

(7,555

)

(286

)

(2,476

)

(50

)

(156

)

(50

)

(920

)

(317,748

)

(186,004

)

(432,082

)

(370,149

)

(5,178

)

(343

)

(3,646

)

(9,191

)

(2,466

)

(15,505

)

2,463

60,574

64,291

66,888

59,362

51,383

61,825

51,383

61,825

Three months ended

Six months ended

June 30,

2026

2025

2026

2025

310,416

236,366

450,210

430,815

(27,518

)

(23,877

)

(44,932

)

(41,132

)

6,356

3,079

9,792

5,645

(42,878

)

(42,878

)

13,404

(6,240

)

600

168

247,007

228,972

366,720

408,732

(a)

METTLER-TOLEDO INTERNATIONAL INC.

Americas

Europe

Asia/RoW

Total

(3%)

12%

10%

(3%)

10%

(1%)

Note:

Local currency net sales increased 6% and 4%, including an increase of 3% and 3% in the Americas, 4% and 3% in Europe, and 10% and 8% in Asia/Rest of World before one-time tariff refunds to customers during the three and six months ended June 30, 2026, respectively. Organic local currency net sales, which exclude acquisitions and one-time tariff refunds to customers, increased 4% and 3%, including 1% and flat in the Americas, 4% and 3% in Europe, and 9% and 6% in Asia/Rest of World during the three and six months ended June 30, 2026, respectively.

RECONCILIATION OF DILUTED EPS AS REPORTED TO ADJUSTED DILUTED EPS

Three months ended

Six months ended

June 30,

2026

2025

% Growth

2026

2025

% Growth

11.55

9.76

19.87

17.56

0.26

0.24

0.53

0.47

0.22

0.14

0.51

0.28

0.04

(0.05

)

0.05

(0.04

)

0.31

(0.92

)

(0.92

)

11.46

10.09

20.35

18.27