Full Press Release Details
COLUMBUS, Ohio--(BUSINESS WIRE)-- Mettler-Toledo International Inc. (NYSE: MTD) today announced third quarter results for 2026. Provided below are the highlights:
• Reported and local currency sales increased 6% compared with the prior year.
• Net earnings per diluted share as reported (EPS) were $12.29, compared with $10.57 in the prior-year period. Adjusted EPS was $12.57, an increase of 13% over the prior-year amount of $11.15. Adjusted EPS is a non-GAAP measure, and a reconciliation to EPS is included on the last page of the attached schedules.
Third Quarter Results
Patrick Kaltenbach, President and Chief Executive Officer, stated, “We delivered an excellent third quarter, achieving relatively broad-based growth across our portfolio while capitalizing on improving market demand. Performance was particularly strong in Asia / Rest of World. Improved sales volume and strong execution of our strategic initiatives resulted in another quarter of robust growth in Adjusted EPS.”
GAAP Results
EPS in the quarter was $12.29, compared with the prior-year amount of $10.57.
Compared with the prior year, total reported sales increased 6% to $1.094 billion. By region, reported sales increased 3% in the Americas, were flat in Europe, and increased 16% in Asia/Rest of World. Earnings before taxes amounted to $300.2 million, compared with $269.2 million in the prior year.
Non-GAAP Results
Adjusted EPS was $12.57, an increase of 13% over the prior-year amount of $11.15.
Compared with the prior year, local currency sales increased 6%. By region, local currency sales increased 3% in the Americas, 2% in Europe, and 14% in Asia/Rest of World. Adjusted Operating Profit amounted to $333.5 million, compared with the prior-year amount of $309.9 million.
Adjusted EPS and Adjusted Operating Profit are non-GAAP measures. Reconciliations to the most comparable GAAP measures are provided in the attached schedules.
Nine-Month Results
GAAP Results
EPS was $32.14, compared with the prior-year amount of $28.12.
Compared with the prior year, total reported sales increased 6% to $3.069 billion. By region, reported sales increased 1% in the Americas, 6% in Europe, and 13% in Asia/Rest of World. Earnings before taxes amounted to $799.3 million, compared with $719.8 million in the prior year.
Non-GAAP Results
Adjusted EPS was $32.91, an increase of 12% over the prior-year amount of $29.41.
Compared with the prior year, local currency sales increased 5% before a one-time tariff refund to customers in the second quarter of 2026, or 4% before acquisitions. By region, local currency sales increased 1% in the Americas, 2% in Europe, and 8% in Asia/Rest of World excluding acquisitions and tariff refunds. Adjusted Operating Profit amounted to $889.0 million, compared with the prior-year amount of $829.9 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, in the second quarter of 2026.
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 fourth quarter of 2026 will increase approximately 5%. Adjusted EPS is forecast to be $14.84 to $15.04, a growth rate of 11% to 13%.
For the full year 2026, management anticipates local currency sales will increase approximately 5%, which excludes the impact of tariff refunds to customers. Adjusted EPS is forecast to be in the range of $47.70 to $47.90, representing growth of approximately 12%. This compares with previous local currency sales growth guidance of approximately 4% to 5% excluding tariff refunds and Adjusted EPS guidance of $47.15 to $47.50.
The Company stated that based on its assessment of market conditions today, management anticipates local currency sales growth of approximately 5% in 2027. This is expected to result in Adjusted EPS in the range of $52.50 to $53.50, representing growth of approximately 10% to 12%.
The Company does not provide GAAP financial measures on a forward-looking basis because it is 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, “We continue to benefit from investments in recent years that have strengthened our competitive position and prepared us for the growth opportunities we see ahead of us. We have accelerated our innovation, expanded our digital capabilities, further enhanced our Spinnaker sales and marketing excellence program, and evolved our global supply chain setup for increased resilience and agility. As market conditions improve, we are well positioned to deliver strong financial performance going forward.”
Other Matters
The Company will host a conference call to discuss its quarterly results tomorrow morning (Friday, November 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, 2025 and other reports filed with the SEC from time to time.
Three months ended
Three months ended
September 30, 2026
September 30, 2025
$
1,094,294
(a)
100.0
$
1,029,699
100.0
440,070
40.2
420,243
40.8
654,224
59.8
609,456
59.2
53,613
4.9
51,143
5.0
267,159
24.4
248,391
24.1
19,374
1.8
20,022
1.9
15,675
1.4
17,695
1.7
3,944
0.4
5,972
0.6
(5,741
)
(0.5
(3,003
)
(0.2
300,200
27.4
269,236
26.1
54,247
4.9
51,743
5.0
$
245,953
22.5
$
217,493
21.1
$
12.32
$
10.60
19,964,045
20,510,579
$
12.29
$
10.57
20,018,614
20,571,000
Three months ended
Three months ended
September 30, 2026
September 30, 2025
$
300,200
$
269,236
19,374
20,022
15,675
17,695
3,944
5,972
(5,741
)
(3,003
)
$
333,452
(b)
30.5
$
309,922
30.1
Nine months ended
Nine months ended
September 30, 2026
September 30, 2025
$
3,068,735
(a)
100.0
$
2,896,664
100.0
1,208,477
39.4
1,181,453
40.8
1,860,258
60.6
1,715,211
59.2
157,877
5.1
146,774
5.1
788,819
25.7
738,488
25.5
58,412
1.9
54,796
1.9
49,928
1.6
51,127
1.7
16,664
0.5
13,296
0.5
(10,698
)
(b)
(0.2
(9,105
)
(0.4
799,256
26.0
719,835
24.9
150,950
4.9
136,407
4.8
$
648,306
21.1
$
583,428
20.1
$
32.22
$
28.20
20,122,698
20,687,609
$
32.14
$
28.12
20,173,526
20,746,950
(a)
Nine months ended
Nine months ended
September 30, 2026
September 30, 2025
$
799,256
$
719,835
(24,551
)
-
58,412
54,796
49,928
51,127
16,664
13,296
(10,698
)
(b)
(9,105
)
$
889,011
(c)
28.7
$
829,949
28.7
METTLER-TOLEDO INTERNATIONAL INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(amounts in thousands)
(unaudited)
$
52,237
$
66,888
733,189
778,243
439,659
387,228
151,091
130,308
1,376,176
1,362,667
831,341
845,636
994,424
1,018,135
493,533
486,208
$
3,695,474
$
3,712,646
$
60,245
$
63,931
261,143
266,628
928,919
867,557
1,250,307
1,198,116
1,963,439
2,088,241
404,067
449,925
3,617,813
3,736,282
77,661
(23,636
)
$
3,695,474
$
3,712,646
2026
2025
2026
2025
$
245,953
$
217,493
$
648,306
$
583,428
13,271
12,715
39,731
38,049
19,374
20,022
58,412
54,796
(1,272
)
(2,287
)
(1,449
)
(5,127
)
5,946
5,506
16,786
16,027
-
-
6,240
-
25,298
45,923
(9,246
)
43,014
308,570
299,372
758,780
730,187
(27,088
)
(24,488
)
(72,294
)
(65,620
)
-
(72,513
)
(2,242
)
(75,428
)
16,513
(1,911
)
30,671
(12,421
)
(10,575
)
(98,912
)
(43,865
)
(153,469
)
479,748
435,629
1,435,743
1,558,207
(557,495
)
(411,565
)
(1,524,406
)
(1,474,937
)
9,359
1,797
10,774
10,859
(226,249
)
(218,749
)
(638,749
)
(656,246
)
-
-
(7,555
)
-
(2,962
)
-
(5,438
)
-
-
-
(50
)
(920
)
(297,599
)
(192,888
)
(729,681
)
(563,037
)
458
(332
)
115
(3,978
)
854
7,240
(14,651
)
9,703
51,383
61,825
66,888
59,362
$
52,237
$
69,065
$
52,237
$
69,065
2026
2025
2026
2025
$
308,570
$
299,372
$
758,780
$
730,187
(26,793
)
(24,488
)
(71,725
)
(65,620
)
5,327
4,949
15,119
10,594
(6,633
)
-
(49,511
)
-
-
-
-
13,404
-
-
(6,240
)
-
554
-
1,154
-
4,123
901
4,291
901
$
285,148
$
280,734
$
651,868
$
689,466
(a)
(b)
(c)
Asia/RoW
3%
0%
16%
6%
1%
6%
13%
6%
3%
2%
14%
6%
1%
2%
10%
4%
Note:
2026
2025
% Growth
2026
2025
% Growth
$
12.29
$
10.57
16
%
$
32.14
$
28.12
14
%
0.26
0.26
0.79
0.74
0.16
0.24
0.67
0.52
-
0.05
0.31
0.05
(0.14
)
0.03
(0.08
)
(0.02
)
-
-
(0.92
)
-
$
12.57
$
11.15
13
%
$
32.91
$
29.41
12
%