Mettler-Toledo International Inc. Reports Fourth Quarter 2025 Results

COLUMBUS, Ohio--( BUSINESS WIRE)--Mettler-Toledo International Inc. (NYSE: MTD) today announced fourth quarter results for 2025. Provided below are the highlights:

Fourth Quarter Results

Patrick Kaltenbach, President and Chief Executive Officer, stated, “We had a great finish to the year with broad based growth by geography and product category. Our team continues to execute very well in a challenging environment and delivered strong Adjusted EPS growth for the quarter with excellent free cash flow conversion for the year.”

GAAP Results

EPS in the quarter was $13.98, compared with the prior-year amount of $11.96, and included a non-cash discrete tax benefit of $0.95 per share.

Compared with the prior year, total reported sales increased 8% to $1.130 billion. By region, reported sales increased 7% in the Americas, 12% in Europe, and 5% in Asia/Rest of World. Earnings before taxes amounted to $329.1 million, compared with $314.5 million in the prior year.

Non-GAAP Results

Adjusted EPS was $13.36, an increase of 8% over the prior-year amount of $12.41.

Compared with the prior year, total sales in local currency increased 5%. By region, local currency sales increased 7% in the Americas, 4% in Europe, and 4% in Asia/Rest of World. Excluding acquisitions, fourth quarter local currency sales increased 4%, including 4% growth in the Americas. Adjusted Operating Profit amounted to $363.0 million, compared with the prior-year amount of $351.9 million.

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

Full Year Results

GAAP Results

EPS was $42.05, compared with the prior-year amount of $40.48. Results in 2025 included a non-cash discrete tax benefit of $0.95 per share, while results in 2024 included a non-cash discrete tax benefit of $1.07 per share.

Compared with the prior year, total reported sales increased 4% to $4.026 billion. By region, reported sales increased 5% in the Americas, 6% in Europe, and 2% in Asia/Rest of World. Earnings before taxes amounted to $1.049 billion, compared with $1.037 billion in the prior year.

Non-GAAP Results

Adjusted EPS was $42.73, an increase of 4% over the prior-year amount of $41.11.

Total sales in local currency increased 3% compared with the prior year. By region, local currency sales increased 5% in the Americas, 1% in Europe, and 2% in Asia/Rest of World. Excluding acquisitions and the impact from delayed fourth quarter 2023 shipments that benefited first quarter 2024 sales, full year 2025 local currency sales increased 4%, including 4% growth in the Americas, 3% growth in Europe, and 3% growth in Asia/Rest of World. Adjusted Operating Profit amounted to $1.193 billion, compared with the prior-year amount of $1.200 billion.

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 first quarter of 2026 will increase approximately 3%. Adjusted EPS is forecast to be $8.60 to $8.75, a growth rate of 5% to 7%.

For the full year 2026, management anticipates local currency sales will increase approximately 4%. Adjusted EPS is forecast to be in the range of $46.05 to $46.70, representing growth of approximately 8% to 9%. This compares with previous local currency sales growth guidance of approximately 4% and Adjusted EPS guidance of $45.35 to $46.00.

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, “I am very proud of our organization’s resilience and agility over the past year as we successfully navigated challenges posed by global trade disputes and soft market conditions, and we remain agile in this dynamic environment. Looking ahead, we are very well positioned to drive growth with our Spinnaker sales and marketing program and innovative product portfolio while capitalizing on opportunities related to automation, digitalization, and onshoring investments around the world. Our strategic initiatives and strong culture of innovation and operational excellence are deeply embedded in the organization and will help us continue to gain share and deliver strong financial performance.”

Other Matters

The Company will host a conference call to discuss its quarterly results tomorrow morning (Friday, February 6) at 8:30 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, 2024 and other reports filed with the SEC from time to time.

Three months ended

December 31, 2025

% of sales

December 31, 2024

% of sales

$1,129,735

(a)

100.0

$1,045,127

100.0

454,300

40.2

405,812

38.8

675,435

59.8

639,315

61.2

52,599

4.7

50,054

4.8

259,826

23.0

237,340

22.7

19,673

1.8

18,220

1.8

17,388

1.5

17,850

1.7

4,572

0.4

2,147

0.2

(7,697)

(0.7)

(843)

(0.1)

329,074

29.1

314,547

30.1

43,309

3.8

62,246

6.0

$285,765

25.3

$252,301

24.1

$14.02

$12.00

20,380,453

21,024,024

$13.98

$11.96

20,444,484

21,101,360

and common equivalent shares

(a) Local currency sales increased 5% as compared to the same period in 2024.

Three months ended

December 31, 2025

% of sales

December 31, 2024

% of sales

$329,074

$314,547

19,673

18,220

17,388

17,850

4,572

2,147

(7,697)

(843)

$363,010

(b)

32.1

$351,921

33.7

(b) Adjusted operating profit increased 3% as compared to the same period in 2024.

Twelve months ended

December 31, 2025

% of sales

December 31, 2024

% of sales

$4,026,399

(a)

100.0

$3,872,361

100.0

1,635,753

40.6

1,546,778

39.9

2,390,646

59.4

2,325,583

60.1

199,373

5.0

189,357

4.9

998,314

24.8

936,303

24.2

74,469

1.8

72,869

1.9

68,515

1.7

74,631

1.9

17,868

0.4

19,771

0.5

(16,802)

(0.4)

(4,571)

(0.1)

1,048,909

26.1

1,037,223

26.8

179,716

4.5

174,083

4.5

$869,193

21.6

$863,140

22.3

$42.17

$40.67

20,610,189

21,221,839

$42.05

$40.48

20,671,708

21,320,641

(a) Local currency sales increased 3% as compared to the same period in 2024.

Twelve months ended

December 31, 2025

% of sales

December 31, 2024

% of sales

$1,048,909

$1,037,223

74,469

72,869

68,515

74,631

17,868

19,771

(16,802)

(4,571)

$1,192,959

(b)

29.6

$1,199,923

31.0

(b) Adjusted operating profit decreased 1% as compared to the same period in 2024.

$66,888

$59,362

778,243

687,112

387,228

342,274

130,308

105,158

1,362,667

1,193,906

845,636

770,280

1,018,135

926,057

486,208

349,756

$3,712,646

$3,239,999

$63,931

$182,623

266,628

215,843

867,557

769,727

1,198,116

1,168,193

2,088,241

1,831,265

449,925

367,431

3,736,282

3,366,889

(23,636)

(126,890)

$3,712,646

$3,239,999

2025

2024

2025

2024

$285,765

$252,301

$869,193

$863,140

13,092

12,643

51,141

50,352

19,673

18,220

74,469

72,869

22,598

(155)

17,471

(5,216)

6,485

6,357

22,512

19,979

(13,685)

(22,982)

(108,343)

(23,179)

(65,329)

(9,796)

225,585

266,187

955,772

968,346

898

1,631

(41,504)

(41,276)

(107,124)

(103,898)

6,170

(18,411)

(7,618)

(93,839)

(10,091)

13,340

(3,056)

919

(7,104)

(40,405)

(51,052)

(193,874)

(119,462)

438,015

594,916

1,996,222

2,156,565

(499,825)

(598,429)

(1,974,762)

(2,175,291)

21,414

1,380

32,273

23,719

(143,749)

(212,500)

(799,995)

(849,997)

(7,750)

(8,089)

(7,750)

(8,089)

(241)

(971)

(1,161)

(2,884)

(192,136)

(223,693)

(755,173)

(855,977)

4,779

(3,654)

801

(3,352)

(2,177)

(12,212)

7,526

(10,445)

69,065

71,574

59,362

69,807

$66,888

$59,362

$66,888

$59,362

2025

2024

2025

2024

$225,585

$266,187

$955,772

$968,346

3,988

3,986

14,582

23,752

901

13,404

10,723

898

1,631

(41,504)

(41,276)

(107,124)

(103,898)

$188,069

$229,795

$877,535

$900,554

Asia/RoW

12%

(a)

Net sales growth in local currency excluding acquisitions was 4%, including growth of 4% in the Americas, for the three months ended December 31, 2025.

(b)

The Company estimates net sales growth in local currency was 4% excluding acquisitions and the impact from delayed fourth quarter 2023 shipments that benefited first quarter 2024 sales, and by geographic destination increased by 4% in the Americas, 3% in Europe and 3% in Asia/Rest of World for the twelve months ended December 31, 2025.

2025

2024

% Growth

2025

2024

% Growth

$13.98

$11.96

17%

$42.05

$40.48

0.28

(a)

0.24

(a)

1.02

(a)

0.94

(a)

0.18

(b)

0.09

(b)

0.70

(b)

0.76

(b)

(0.14)

(c)

(0.09)

(c)

(0.94)

(d)

0.12

(d)

(0.95)

(d)

(1.07)

(d)

$13.36

$12.41

$42.73

$41.11

(a)

Represents the EPS impact of purchased intangibles amortization of $7.5 million ($5.7 million net of tax) and $6.4 million ($5.0 million net of tax) for the three months ended December 31, 2025 and 2024, respectively, and of $27.3 million ($21.1 million net of tax) and $25.9 million ($20.1 million net of tax) for the twelve months ended December 31, 2025 and 2024, respectively.

(b)

Represents the EPS impact of restructuring charges of $4.6 million ($3.7 million after tax) and $2.1 million ($1.7 million after tax) for the three months ended December 31, 2025 and 2024, respectively, and of $17.9 million ($14.5 million after tax) and $19.8 million ($16.0 million after tax) for the twelve months ended December 31, 2025 and 2024, respectively, which primarily include employee related costs; and other costs of $0.3 million ($0.3 million after tax) for the three and twelve months ended December 31, 2024.

(c)

Represents the EPS impact of a net benefit of $4.4 million ($3.6 million net of tax) related to contingent consideration associated with previous acquisitions less acquisition transaction costs of $0.9 million ($0.7 million net of tax) and $2.2 million ($1.7 million net of tax) for the three and twelve months ended December 31, 2025, respectively.

(d)

Represents the EPS impact of the difference between our quarterly and estimated annual tax rate before non-recurring discrete items during the three months ended December 31, 2025 and 2024 due to the timing of excess tax benefits associated with stock option exercises. Also includes a reported EPS reduction of $0.95 for the three and twelve months ended December 31, 2025 and $1.07 for the twelve months ended December 31, 2024, respectively, for non-cash discrete tax benefits resulting from the reduction of uncertain tax position liabilities and valuation allowance related to the settlement of tax audits.