METTLER-TOLEDO INTERNATIONAL INC. REPORTS THIRD QUARTER 2026 RESULTS
METTLER TOLEDO INTERNATIONAL INC/ (MTD) filed an SEC Form 8-K — Results of Operations and Financial Condition. FOR IMMEDIATE RELEASE Exhibit 99.1 METTLER-TOLEDO INTERNATIONAL INC. REPORTS THIRD QUARTER 2026 RESULTS COLUMBUS, Ohio, USA – November 5, 2026 – Mettler-Toledo International Inc. (NYSE: MTD) today announced third quarter results for 2026. Provided below are the highlights: • Repo
How this was made
The 30-second read
Why it matters
The earnings beat and raised guidance suggest near‑term upside, but macro uncertainties remain.
Market read
Strong earnings and guidance lift MTD and may positively influence the industrial equipment sector.
What to watch
Potential headwinds from tariff refunds and supply-chain risks could temper gains.
METTLER-TOLEDO INTERNATIONAL INC. REPORTS THIRD QUARTER 2026 RESULTS
Third-quarter reported and local currency sales increased 6%, GAAP diluted EPS increased 16% to $12.29, adjusted diluted EPS increased 13% to $12.57, and fourth-quarter and full-year 2026 adjusted EPS guidance was forecast above the previous guidance range.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Three months ended September 30, 2026 net salesGAAP | $1.09B | – | 6% |
| Three months ended September 30, 2026 cost of salesGAAP | 440,070 | – | – |
| Three months ended September 30, 2026 gross profitGAAP | 654,224 | – | – |
| Three months ended September 30, 2026 gross marginGAAP | 59.8 | – | – |
| Three months ended September 30, 2026 research and developmentGAAP | 53,613 | – | – |
| Three months ended September 30, 2026 selling, general and administrativeGAAP | 267,159 | – | – |
| Three months ended September 30, 2026 amortizationGAAP | 19,374 | – | – |
| Three months ended September 30, 2026 interest expenseGAAP | 15,675 | – | – |
| Three months ended September 30, 2026 restructuring chargesGAAP | 3,944 | – | – |
| Three months ended September 30, 2026 other charges (income), netGAAP | (5,741) | – | – |
| Three months ended September 30, 2026 earnings before taxesGAAP | $300.2M | – | – |
| Three months ended September 30, 2026 provision for taxesGAAP | 54,247 | – | – |
| Three months ended September 30, 2026 net earningsGAAP | $246.0M | – | – |
| Three months ended September 30, 2026 basic earnings per common shareGAAP | $ 12.32 | – | – |
| Three months ended September 30, 2026 diluted earnings per common shareGAAP | $ 12.29 | – | 16% |
| Three months ended September 30, 2026 adjusted operating profitnon-GAAP | $333.5M | – | 8% |
| Three months ended September 30, 2026 adjusted operating profit marginnon-GAAP | 30.5 | – | – |
| Three months ended September 30, 2026 adjusted diluted EPSnon-GAAP | $ 12.57 | – | 13% |
| Three months ended September 30, 2026 net cash provided by operating activitiesGAAP | $308.6M | – | – |
| Three months ended September 30, 2026 adjusted free cash flownon-GAAP | $285.1M | – | – |
| Nine months ended September 30, 2026 net salesGAAP | $3.07B | – | 6% |
| Nine months ended September 30, 2026 gross profitGAAP | 1,860,258 | – | – |
| Nine months ended September 30, 2026 gross marginGAAP | 60.6 | – | – |
| Nine months ended September 30, 2026 earnings before taxesGAAP | 799,256 | – | – |
| Nine months ended September 30, 2026 net earningsGAAP | $648.3M | – | – |
| Nine months ended September 30, 2026 diluted earnings per common shareGAAP | $ 32.14 | – | 14% |
| Nine months ended September 30, 2026 adjusted operating profitnon-GAAP | $889.0M | – | 7% |
| Nine months ended September 30, 2026 adjusted operating profit marginnon-GAAP | 28.7 | – | – |
| Nine months ended September 30, 2026 adjusted diluted EPSnon-GAAP | $ 32.91 | – | 12% |
| Nine months ended September 30, 2026 net cash provided by operating activitiesGAAP | $758.8M | – | – |
| Nine months ended September 30, 2026 adjusted free cash flownon-GAAP | $651.9M | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
Fourth quarter of 2026; full year 2026; 2027 outlook
- RevenueFourth quarter of 2026 local currency sales will increase approximately 5%; full year 2026 local currency sales will increase approximately 5%, which excludes the impact of tariff refunds to customers; 2027 local currency sales growth of approximately 5%
- NoteFourth quarter of 2026 Adjusted EPS is forecast to be $14.84 to $15.04, a growth rate of 11% to 13%.
- NoteFull year 2026 Adjusted EPS is forecast to be in the range of $47.70 to $47.90, representing growth of approximately 12%.
- Note2027 Adjusted EPS is expected to be in the range of $52.50 to $53.50, representing growth of approximately 10% to 12%.
Capital returns
- Three months ended September 30, 2026 repurchases of common stock: (226,249).
- Nine months ended September 30, 2026 repurchases of common stock: (638,749).
- Nine months ended September 30, 2026 payments of excise tax on repurchases of common stock: (7,555).
What drove it
- Third-quarter reported sales increased 3% in the Americas, were flat in Europe, and increased 16% in Asia/Rest of World.
- Third-quarter local currency sales increased 3% in the Americas, 2% in Europe, and 14% in Asia/Rest of World.
- Management cited relatively broad-based growth across its portfolio and improving market demand.
- Management cited improved sales volume and execution of strategic initiatives.
- Gross profit margin was 59.8 compared with 59.2 in the prior-year quarter.
Concerns
- Management cautioned that market conditions are uncertain and could change quickly.
- Nine-month local currency sales growth was 4%; excluding one-time tariff refunds to customers, local currency sales increased 5%.
- The nine-month results included a one-time $52 million benefit from IEEPA tariff refunds that benefited Cost of Sales and a one-time $28 million related refund to customers that reduced Net Sales.
- Nine-month other charges (income), net included an $8.4 million charge to increase acquisition contingent consideration liabilities related to previously completed acquisitions.
What to watch
- Fourth-quarter local currency sales guidance of approximately 5%.
- Fourth-quarter Adjusted EPS guidance of $14.84 to $15.04.
- Full-year 2026 Adjusted EPS guidance of $47.70 to $47.90.
- Asia/Rest of World local currency sales growth, which was 14% in the third quarter.
- The impact of tariff refunds to customers on reported and local currency sales growth.
Balance sheet and cash flow
- Cash and cash equivalents as of September 30, 2026: $ 52,237; December 31, 2025: $ 66,888.
- Short-term borrowings and maturities of long-term debt as of September 30, 2026: $ 60,245; December 31, 2025: $ 63,931.
- Long-term debt as of September 30, 2026: 1,963,439; December 31, 2025: 2,088,241.
- Total assets as of September 30, 2026: $ 3,695,474; December 31, 2025: $ 3,712,646.
- Shareholders’ equity as of September 30, 2026: 77,661; December 31, 2025: (23,636).
- Three months ended September 30, 2026 purchase of property, plant and equipment: (27,088); prior-year period: (24,488).
- Nine months ended September 30, 2026 purchase of property, plant and equipment: (72,294); prior-year period: (65,620).
- Three months ended September 30, 2026 acquisitions: —; prior-year period: (72,513).
- Nine months ended September 30, 2026 acquisitions: (2,242); prior-year period: (75,428).
Analysis
Mettler-Toledo reported a strong third quarter, with net sales of $ 1,094,294 versus $ 1,029,699 and reported and local currency sales growth of 6%. Regional growth was led by Asia/Rest of World, where reported sales increased 16% and local currency sales increased 14%. The Americas grew 3% on both reported and local currency bases, while Europe was flat on a reported basis and increased 2% in local currency.
Profitability improved across the reported GAAP measures. Gross margin was 59.8 versus 59.2, earnings before taxes were $ 300,200 versus $ 269,236, and net earnings were $ 245,953 versus $ 217,493. Diluted EPS as reported was $ 12.29 versus $ 10.57, a 16% increase. Adjusted operating profit was $ 333,452 versus $ 309,922, with adjusted operating profit margin of 30.5 versus 30.1. Adjusted diluted EPS was $ 12.57 versus $ 11.15, an increase of 13%.
For the nine months, net sales were $ 3,068,735 versus $ 2,896,664 and GAAP diluted EPS was $ 32.14 versus $ 28.12. Nine-month results were affected by a one-time $52 million benefit from IEEPA tariff refunds in Cost of Sales and a one-time $28 million related refund to customers that reduced Net Sales. Adjusted operating profit was $ 889,011 versus $ 829,949, while adjusted free cash flow was $ 651,868 versus $ 689,466.
Capital allocation included repurchases of common stock of (226,249) for the third quarter and (638,749) for the nine months. Cash and cash equivalents were $ 52,237 at September 30, 2026, while long-term debt was 1,963,439. The company forecast fourth-quarter local currency sales growth of approximately 5% and Adjusted EPS of $14.84 to $15.04. It forecast full-year 2026 Adjusted EPS of $47.70 to $47.90, compared with previous guidance of $47.15 to $47.50, while cautioning that market conditions are uncertain and could change quickly.
Management, verbatim
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.
Patrick Kaltenbach, President and Chief Executive Officer
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.
Patrick Kaltenbach, President and Chief Executive Officer
Not in the filing
stated, not guessed- Revenue by business segment and revenue by geographic region were not reported; only regional sales growth rates were provided.
- GAAP operating income was not reported as a labeled line item.
- A tax rate was not reported as a labeled metric.
- Dividend declarations or payments were not reported.
- A separate previous-release outlook document was not provided; therefore no actual-versus-prior-guidance comparisons are included.
- Fourth-quarter and full-year 2026 GAAP guidance was not provided.
- 2027 GAAP guidance was not provided.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was checked against the filing text, and a metric whose value, prior period and change do not add up is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Mettler‑Toledo (NYSE: MTD) released its Q3 2026 earnings via an SEC 8‑K filing.
Ticker impact
Q3 2026 results: sales up 6% YoY to $1.094B, EPS $12.29, and FY adjusted EPS guidance raised to $47.70‑$47.90.
upward pressure as market prices in stronger earnings and higher guidance
Both reported earnings and forward guidance exceed prior expectations, indicating improved profitability.
Market effects
Precision instruments sector may see uplift from MTD's strong performance.
Asia/Rest of World sales growth could boost related industrial equipment stocks.
Positive earnings from a global supplier may support broader industrial market sentiment.
Counterpoint
If the market had already priced in strong Asia demand, the upside may be limited.
Key entities
- companyMettler‑Toledo International Inc.
Global supplier of precision instruments.
