FOR IMMEDIATE RELEASE Exhibit 99.1
COLUMBUS, Ohio, USA – November 5, 2026 – Mettler-Toledo International Inc. (NYSE: MTD) today announced third quarter results for 2026. Provided below are the highlights:
• 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.
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.”
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.
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.
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.
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 -1- 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.
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.
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.”
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. -2-
You should not rely on forward-looking statements to predict our actual results.
“could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,”
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. -3-
Full text with the tables
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:
• 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
-1-
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.
-2-
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.
-3-
METTLER-TOLEDO INTERNATIONAL INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands except share data)
(unaudited)
Th… Se… % Thr… Se… %
mo… 30, of mon… 30, of
en… 20… sa… end… 20… sa…
──────────────────────────────────────────────────────────────────────────────
N… $ 1,… -a 10… $ 1,… 100…
s…
C…
of 44… 40… 42… 40.8
s…
G… 65… 59… 60… 59.2
p…
R…
a… 53… 4.9 51… 5.0
d…
S…
g… 26… 24… 24… 24.1
a…
a…
A… 19… 1.8 20… 1.9
I… 15… 1.4 17… 1.7
e…
R… 3,… 0.4 5,… 0.6
c…
O…
c… -5… -0… -3… -0.2
(…
n…
E…
b… 30… 27… 26… 26.1
t…
P…
f… 54… 4.9 51… 5.0
t…
N… $ 24… 22… $ 21… 21.1
e…
B…
e…
p…
c…
s…
N… $ 12… $ 10…
e…
W…
a…
n… 19… 20…
of
c…
s…
D…
e…
p…
c…
s…
N… $ 12… $ 10…
e…
W…
a…
n…
of
c… 20… 20…
a…
c…
e…
s…
N…
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cu…
sa…
in…
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20…
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A…
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P…
Th… Thr…
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Se… % Sep… % of
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I… 15… 17…
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p…
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pr…
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8%
(… co…
to
the
sa…
pe…
in
20…
-4-
METTLER-TOLEDO INTERNATIONAL INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands except share data)
(unaudited)
Ni… Se… % Ni… Se… %
mo… 30, of mo… 30, of
en… 20… sa… en… 20… sa…
──────────────────────────────────────────────────────────────────────────────
N… $ 3,… -a 10… $ 2,… 1…
s…
C…
of 1,… 39… 1,… 4…
s…
G… 1,… 60… 1,… 5…
p…
R…
a… 15… 5.1 14… 5…
d…
S…
g… 78… 25… 73… 2…
a…
a…
A… 58… 1.9 54… 1…
I… 49… 1.6 51… 1…
e…
R… 16… 0.5 13… 0…
c…
O…
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(…
n…
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b… 79… 26… 71… 2…
t…
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t…
N… $ 64… 21… $ 58… 2…
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B…
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p…
c…
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W…
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-5-
METTLER-TOLEDO INTERNATIONAL INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(amounts in thousands)
(unaudited)
September 30, 2026 December 31, 2025
──────────────────────────────────────────────────────────────────────────────
Cash and cash equivalents $ 52,237 $ 66,888
Accounts receivable, net 733,189 778,243
Inventories 439,659 387,228
Other current assets and
prepaid 151,091 130,308
expenses
Total current assets 1,376,176 1,362,667
Property, plant and 831,341 845,636
equipment, net
Goodwill and other
intangible assets, 994,424 1,018,135
net
Other non-current assets 493,533 486,208
Total assets $ 3,695,474 $ 3,712,646
Short-term borrowings and
maturities of $ 60,245 $ 63,931
long-term debt
Trade accounts payable 261,143 266,628
Accrued and other current 928,919 867,557
liabilities
Total current liabilities 1,250,307 1,198,116
Long-term debt 1,963,439 2,088,241
Other non-current 404,067 449,925
liabilities
Total liabilities 3,617,813 3,736,282
Shareholders’ equity 77,661 -23,636
Total liabilities and
shareholders’ $ 3,695,474 $ 3,712,646
equity
-6-
METTLER-TOLEDO INTERNATIONAL INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(amounts in thousands)
(unaudited)
Three Nine
Cash mont… mont…
flow ended ended
from Sept… Sept…
ope… 30, 30,
act… 2026 2025 2026 2025
──────────────────────────────────────────────────────────────────────────────
Net $ 245,… $ 217,… $ 648,3… $ 583,…
ear…
Adj…
to
rec…
net
ear…
to
net
cash
pro…
by
ope…
act…
Dep… 13,2… 12,7… 39,731 38,0…
Amo… 19,3… 20,0… 58,412 54,7…
Def…
tax -1,2… -2,2… -1,449 -5,1…
ben…
Sha… 5,946 5,506 16,786 16,0…
com…
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from
gov… — — 6,240 —
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in
cash
res…
from
cha…
in
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and
lia…
Net
cash
pro… 308,… 299,… 758,7… 730,…
by
ope…
act…
Cash
flo…
from
inv…
act…
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of
pro… -27,… -24,… -72,2… -65,…
pla…
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con…
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used -297… -192… -729,… -563…
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2026 2025 2026 2025
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-7-
METTLER-TOLEDO INTERNATIONAL INC.
OTHER OPERATING STATISTICS
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