Skip to content
PalanorPalanor

Palanor Data/MTD

Earnings release · 8-K Exhibit 99

Mettler Toledo · Earnings release · 8-K Exhibit 99

MTD · Health Care

Filed 2026-05-07 · CY2026 Q2 · Company’s FY2026 Q2 · 2,018 words

Read the original on sec.gov ↗

Palanor summary

Mettler-Toledo reported Q1 sales up 7% in dollars and 3% in local currency. Adjusted EPS increased 9% to $8.91. Management reiterated full-year guidance for local currency sales growth of approximately 4% and Adjusted EPS growth of 8% to 10%. The company cited solid execution of margin initiatives but noted an uncertain market environment.

Written by Palanor from the full document. Not the company’s words.

Sentiment

+0.20

Confidence

60%

Scored on the whole document. No single passage carries these two numbers, so none is highlighted.

EX-99.12ex-991mtd8xkq12026.htmEX-99.1 Document

FOR IMMEDIATE RELEASE

Exhibit 99.1

METTLER-TOLEDO INTERNATIONAL INC. REPORTS

FIRST QUARTER 2025 RESULTS

COLUMBUS, Ohio, USA – May 7, 2026 – Mettler-Toledo International Inc. (NYSE: MTD) today announced first quarter results for 2026. Provided below are the highlights:

•Reported sales increased 7% compared with the prior year. In local currency, sales increased 3% compared with the prior year reflecting an increase of 1% excluding acquisitions.

•Net earnings per diluted share as reported (EPS) were $8.33, compared with $7.81 in the prior-year period. Adjusted EPS was $8.91, an increase of 9% over the prior-year amount of $8.19. Adjusted EPS is a non-GAAP measure, and a reconciliation to EPS is included on the last page of the attached schedules.

First Quarter Results

Patrick Kaltenbach, President and Chief Executive Officer, stated, “We are pleased with our first quarter results as we delivered good performance in an increasingly uncertain market environment. T1Solid execution of our margin initiatives supported very good Adjusted EPS growth.”

GAAP Results

EPS in the quarter was $8.33, compared with the prior-year amount of $7.81.

Compared with the prior year, total reported sales increased 7% to $947.1 million. By region, reported sales increased 3% in the Americas, 12% in Europe, and 8% in Asia/Rest of World. Earnings before taxes amounted to $209.7 million, compared with $201.9 million in the prior year.

Non-GAAP Results

Adjusted EPS was $8.91, an increase of 9% over the prior-year amount of $8.19.

Compared with the prior year, total sales in local currency increased 3%. By region, local currency sales increased 2% in the Americas, 1% in Europe, and 5% in Asia/Rest of World. T2Excluding acquisitions, first quarter local currency sales increased 1%, including flat sales in the Americas and 3% growth in Asia/Rest of World. Adjusted Operating Profit amounted to $246.2 million, compared with the prior-year amount of $236.7 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

T3Management cautions that market conditions are uncertain and could change quickly. Based on today's assessment, G1management anticipates local currency sales for the second quarter of 2026 will increase approximately 3%. G2Adjusted EPS is forecast to be $10.70 to $10.85, a growth rate of 6% to 8%.

G3For the full year 2026, management anticipates local currency sales will increase approximately 4%. G4Adjusted EPS is forecast to be in the range of $46.30 to $46.95, representing growth of approximately 8% to 10%. T4This compares with previous local currency sales growth guidance of approximately 4% and Adjusted EPS guidance of $46.05 to $46.70.

-1-

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 investments in innovation continue to provide tangible benefits and also position us strongly to capitalize on our customers’ investments in automation, digitalization, and onshoring in the future. While we recognize increased uncertainty in the macroeconomic environment, we remain confident in our agility and the strong execution of our growth and margin expansion programs to achieve solid Adjusted EPS growth this year.”

Other Matters

The Company will host a conference call to discuss its quarterly results tomorrow morning (Friday, May 8) 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.

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, T5ongoing 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.

-2-

METTLER-TOLEDO INTERNATIONAL INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(amounts in thousands except share data)

(unaudited)

Three months ended

Three months ended

March 31, 2026

% of sales

March 31, 2025

% of sales

Net sales

$

947,127

(a)

100.0

$

883,744

100.0

Cost of sales

391,311

41.3

357,865

40.5

Gross profit

555,816

58.7

525,879

59.5

Research and development

51,275

5.4

46,346

5.2

Selling, general and administrative

258,326

27.3

242,799

27.5

Amortization

19,612

2.1

17,193

2.0

Interest expense

17,007

1.8

16,653

1.9

Restructuring charges

7,270

0.8

3,767

0.4

Other charges (income), net

(7,329)

(0.8)

(2,821)

(0.3)

Earnings before taxes

209,655

22.1

201,942

22.8

Provision for taxes

40,201

4.2

38,355

4.3

Net earnings

$

169,454

17.9

$

163,587

18.5

Basic earnings per common share:

Net earnings

$

8.35

$

7.84

Weighted average number of common shares

20,286,133

20,868,873

Diluted earnings per common share:

Net earnings

$

8.33

$

7.81

Weighted average number of common and common equivalent shares

20,338,274

20,945,188

Note:

(a)

Local currency sales increased 3% as compared to the same period in 2025.

RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING PROFIT

Three months ended

Three months ended

March 31, 2026

% of sales

March 31, 2025

% of sales

Earnings before taxes

$

209,655

$

201,942

Amortization

19,612

17,193

Interest expense

17,007

16,653

Restructuring charges

7,270

3,767

Other charges (income), net

(7,329)

(2,821)

Adjusted operating profit

$

246,215

(b)

26.0

$

236,734

26.8

Note:

(b)

Adjusted operating profit increased 4% as compared to the same period in 2025.

-3-

METTLER-TOLEDO INTERNATIONAL INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(amounts in thousands)

(unaudited)

March 31, 2026

December 31, 2025

Cash and cash equivalents

$

60,574

$

66,888

Accounts receivable, net

708,206

778,243

Inventories

404,826

387,228

Other current assets and prepaid expenses

158,305

130,308

Total current assets

1,331,911

1,362,667

Property, plant and equipment, net

830,329

845,636

Goodwill and other intangible assets, net

1,010,637

1,018,135

Other non-current assets

496,038

486,208

Total assets

$

3,668,915

$

3,712,646

Short-term borrowings and maturities of long-term debt

$

67,042

$

63,931

Trade accounts payable

228,719

266,628

Accrued and other current liabilities

812,600

867,557

Total current liabilities

1,108,361

1,198,116

Long-term debt

2,161,596

2,088,241

Other non-current liabilities

440,841

449,925

Total liabilities

3,710,798

3,736,282

Shareholders’ equity

(41,883)

(23,636)

Total liabilities and shareholders’ equity

$

3,668,915

$

3,712,646

-4-

METTLER-TOLEDO INTERNATIONAL INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(amounts in thousands)

(unaudited)

Three months ended

March 31,

2026

2025

Net earnings

$

169,454

$

163,587

Adjustments to reconcile net earnings to

net cash provided by operating activities:

Depreciation

13,160

12,464

Amortization

19,612

17,193

Deferred tax provision (benefit)

(1,994)

(879)

Share-based compensation

5,469

5,139

Proceeds from government grant (a)

6,240

—

Decrease in cash resulting from changes in

operating assets and liabilities

(72,147)

(3,055)

Net cash provided by operating activities

139,794

194,449

Cash flows from investing activities:

T6Purchase of property, plant and equipment

(17,414)

(17,255)

Acquisitions

(2,242)

—

Other investing activities

(11,692)

10,348

Net cash used in investing activities

(31,348)

(6,907)

Cash flows from financing activities:

Proceeds from borrowings

513,590

512,496

Repayments of borrowings

(420,104)

(479,326)

Proceeds from exercise of stock options

620

2,198

T7Repurchases of common stock

(206,250)

(218,749)

Acquisition contingent consideration paid

(2,190)

—

Other financing activities

—

(764)

Net cash used in financing activities

(114,334)

(183,381)

Effect of exchange rate changes on cash and cash equivalents

(426)

1,532

Net (decrease) increase in cash and cash equivalents

(6,314)

4,929

Beginning of period

66,888

59,362

End of period

$

60,574

$

64,291

RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED FREE CASH FLOW

Three months ended

March 31,

2026

2025

Net cash provided by operating activities

$

139,794

$

194,449

Payments in respect of restructuring activities

3,436

2,566

Payments for acquisition transaction costs

137

—

Proceeds from government grant (a)

(6,240)

—

Purchase of property, plant and equipment

(17,414)

(17,255)

Adjusted free cash flow

$

119,713

$

179,760

(a)

In December 2025, the Company entered into an agreement with the government of Xuhui, China to increase production automation and capacity and improve logistics. The Company will receive proceeds of approximately $31 million, of which approximately $18 million is expected to offset future purchases of property, plant and equipment and approximately $13 million is expected to offset future operating expenses. For the three months ended March 31, 2026, funding proceeds of $6.2 million that will offset future operating expenses is excluded from Adjusted free cash flow.

-5-

METTLER-TOLEDO INTERNATIONAL INC.

OTHER OPERATING STATISTICS

SALES GROWTH BY DESTINATION

(unaudited)

Americas

Europe

Asia/RoW

Total

U.S. Dollar Sales Growth

Three Months Ended March 31, 2026

3

%

12

%

8

%

7

%

Local Currency Sales Growth

Three Months Ended March 31, 2026

2

%

1

%

5

%

3

%

Note:

(a)

Net sales in local currency excluding acquisitions grew 1%, including flat sales in the Americas and 3% sales growth in Asia/Rest of World, for the three months ended March 31, 2026.

RECONCILIATION OF DILUTED EPS AS REPORTED TO ADJUSTED DILUTED EPS

(unaudited)

Three months ended

March 31,

2026

2025

% Growth

EPS as reported, diluted

$

8.33

$

7.81

7%

Purchased intangible amortization, net of tax

0.27

(a)

0.23

(a)

Restructuring charges, net of tax

0.29

(b)

0.15

(b)

Income tax expense

0.02

—

(c)

Adjusted EPS, diluted

$

8.91

$

8.19

9%

Notes:

(a)

Represents the EPS impact of purchased intangibles amortization of $7.1 million ($5.4 million after tax) and $6.3 million ($4.9 million after tax) for the three months ended March 31, 2026 and 2025, respectively.

(b)

Represents the EPS impact of T8restructuring charges of $7.3 million ($5.9 million after tax) and $3.8 million ($3.1 million after tax) for the three months ended March 31, 2026 and 2025, respectively, which primarily include employee related costs.

(c)

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 March 31, 2026 due to the timing of excess tax benefits associated with stock option exercises.

-6-

Mentions · how they’re counted

CategoryUnderlinedWord counterModel’s count
AI

AI, artificial intelligence, generative AI, machine learning, large language model, LLM

000
Layoffs

layoffs, RIF, headcount reduction, workforce optimization, restructuring

6—1
Recession

recession, downturn, contraction, slowdown

000
Tariffs

tariff, trade war, trade barriers, trade restrictions, trade policy

222
Buybacks

share repurchase, buyback program

1—1

Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.

Source: SEC EDGAR · public domain · Highlights by Palanor