MARKET WIRE NEWS

Mettler-Toledo International Inc. Reports Fourth Quarter 2025 Results

MWN-AI** Summary

Mettler-Toledo International Inc. (NYSE: MTD) announced its fourth-quarter results for 2025, showcasing a robust performance with several key highlights. Reported sales surged by 8% year-over-year to reach $1.13 billion, driven by a 5% increase in local currency sales, complemented by 1% growth from acquisitions. The net earnings per diluted share (EPS) came in at $13.98, a significant increase compared to $11.96 in the prior year, while adjusted EPS, a non-GAAP measure, rose to $13.36, up 8% from $12.41.

CEO Patrick Kaltenbach expressed satisfaction with the quarter's results, highlighting broad-based growth across regions and product categories, as well as an exceptional conversion of free cash flow. Despite operating in a challenging environment, the company managed to enhance its earnings before taxes, which amounted to $329.1 million, up from $314.5 million the previous year.

Geographically, sales performance varied, with a noted 12% increase in Europe, a 7% rise in the Americas, and a more modest 5% growth in Asia/Rest of World. The adjusted operating profit increased from $351.9 million to $363.0 million.

Looking ahead, Mettler-Toledo anticipates continued growth, forecasting local currency sales to increase by approximately 3% in Q1 2026 and adjusted EPS in the range of $8.60 to $8.75, suggesting a growth rate of 5% to 7%. For the full year, sales growth is expected to be around 4% with adjusted EPS projected between $46.05 and $46.70, indicating an 8% to 9% growth year-over-year.

In conclusion, Mettler-Toledo's Q4 results highlight a strong finish to 2025, reinforced by strategic initiatives and a resilient operational approach amid global challenges. The company's forward-looking outlook remains optimistic as it capitalizes on emerging market opportunities.

MWN-AI** Analysis

Mettler-Toledo International Inc. (NYSE: MTD) recently reported its fourth quarter results for 2025, demonstrating robust growth across various metrics. Notably, sales surged by 8% year-over-year, with net earnings per diluted share reaching $13.98, marking a 17% increase from $11.96 in the previous year. This positive trajectory is further highlighted by an 8% rise in adjusted earnings per share.

The company’s performance was particularly strong in Europe, with sales growing by 12%. Despite headwinds globally, including trade disputes and fluctuating market conditions, Mettler-Toledo maintained resilient growth, particularly in the Americas, where sales rose by 7%. The strong adjusted operating profit of $363 million, up 3% from the prior year, reflects effective cost management and operational efficiency.

Looking forward, management anticipates local currency sales growth of about 3% in Q1 2026 and 4% for the full year, alongside an adjusted EPS forecast of $8.60 to $8.75, reflecting solid growth potential. Investors should take note of the prudent guidance provided as it suggests a steady outlook amidst market uncertainties.

The company's strategic initiatives, including the Spinnaker sales and marketing program, paired with its extensive product portfolio in automation and digitalization, position Mettler-Toledo favorably to capitalize on emerging trends in various industries, particularly life sciences and food production.

From a market perspective, Mettler-Toledo's stock presents an attractive opportunity for growth-oriented investors, particularly given its reputation as an innovation leader in precision instruments. The anticipated EPS growth of approximately 8% to 9% in 2026 reinforces the investment thesis.

In conclusion, Mettler-Toledo International reflects strong fundamentals and a proactive management approach that could yield steady returns for investors willing to navigate the evolving market landscape.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

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

  • Reported sales increased 8% compared with the prior year. In local currency, sales increased 5% compared with the prior year and included a 1% benefit from acquisitions.
  • Net earnings per diluted share as reported (EPS) were $13.98, compared with $11.96 in the prior-year period. Adjusted EPS was $13.36, an increase of 8% over the prior-year amount of $12.41. Adjusted EPS is a non-GAAP measure, and a reconciliation to EPS is included on the last page of the attached schedules.

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.

METTLER-TOLEDO INTERNATIONAL INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands except share data)
(unaudited)

Three months ended

Three months ended

December 31, 2025

% of sales

December 31, 2024

% of sales

Net sales

$1,129,735

(a)

100.0

$1,045,127

100.0

Cost of sales

454,300

40.2

405,812

38.8

Gross profit

675,435

59.8

639,315

61.2

Research and development

52,599

4.7

50,054

4.8

Selling, general and administrative

259,826

23.0

237,340

22.7

Amortization

19,673

1.8

18,220

1.8

Interest expense

17,388

1.5

17,850

1.7

Restructuring charges

4,572

0.4

2,147

0.2

Other charges (income), net

(7,697)

(0.7)

(843)

(0.1)

Earnings before taxes

329,074

29.1

314,547

30.1

Provision for taxes

43,309

3.8

62,246

6.0

Net earnings

$285,765

25.3

$252,301

24.1

Basic earnings per common share:
Net earnings

$14.02

$12.00

Weighted average number of common shares

20,380,453

21,024,024

Diluted earnings per common share:
Net earnings

$13.98

$11.96

Weighted average number of common

20,444,484

21,101,360

and common equivalent shares

Note:

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

RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING PROFIT

Three months ended

Three months ended

December 31, 2025

% of sales

December 31, 2024

% of sales

Earnings before taxes

$329,074

$314,547

Amortization

19,673

18,220

Interest expense

17,388

17,850

Restructuring charges

4,572

2,147

Other charges (income), net

(7,697)

(843)

Adjusted operating profit

$363,010

(b)

32.1

$351,921

33.7

Note:

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

METTLER-TOLEDO INTERNATIONAL INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands except share data)
(unaudited)

Twelve months ended

Twelve months ended

December 31, 2025

% of sales

December 31, 2024

% of sales

Net sales

$4,026,399

(a)

100.0

$3,872,361

100.0

Cost of sales

1,635,753

40.6

1,546,778

39.9

Gross profit

2,390,646

59.4

2,325,583

60.1

Research and development

199,373

5.0

189,357

4.9

Selling, general and administrative

998,314

24.8

936,303

24.2

Amortization

74,469

1.8

72,869

1.9

Interest expense

68,515

1.7

74,631

1.9

Restructuring charges

17,868

0.4

19,771

0.5

Other charges (income), net

(16,802)

(0.4)

(4,571)

(0.1)

Earnings before taxes

1,048,909

26.1

1,037,223

26.8

Provision for taxes

179,716

4.5

174,083

4.5

Net earnings

$869,193

21.6

$863,140

22.3

Basic earnings per common share:
Net earnings

$42.17

$40.67

Weighted average number of common shares

20,610,189

21,221,839

Diluted earnings per common share:
Net earnings

$42.05

$40.48

Weighted average number of common

20,671,708

21,320,641

and common equivalent shares
Note:

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

RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING PROFIT

Twelve months ended

Twelve months ended

December 31, 2025

% of sales

December 31, 2024

% of sales

Earnings before taxes

$1,048,909

$1,037,223

Amortization

74,469

72,869

Interest expense

68,515

74,631

Restructuring charges

17,868

19,771

Other charges (income), net

(16,802)

(4,571)

Adjusted operating profit

$1,192,959

(b)

29.6

$1,199,923

31.0

Note:

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

METTLER-TOLEDO INTERNATIONAL INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(amounts in thousands)
(unaudited)
December 31, 2025 December 31, 2024
Cash and cash equivalents

$66,888

$59,362

Accounts receivable, net

778,243

687,112

Inventories

387,228

342,274

Other current assets and prepaid expenses

130,308

105,158

Total current assets

1,362,667

1,193,906

Property, plant and equipment, net

845,636

770,280

Goodwill and other intangibles assets, net

1,018,135

926,057

Other non-current assets

486,208

349,756

Total assets

$3,712,646

$3,239,999

Short-term borrowings and maturities of long-term debt

$63,931

$182,623

Trade accounts payable

266,628

215,843

Accrued and other current liabilities

867,557

769,727

Total current liabilities

1,198,116

1,168,193

Long-term debt

2,088,241

1,831,265

Other non-current liabilities

449,925

367,431

Total liabilities

3,736,282

3,366,889

Shareholders’ equity

(23,636)

(126,890)

Total liabilities and shareholders’ equity

$3,712,646

$3,239,999

METTLER-TOLEDO INTERNATIONAL INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(amounts in thousands)
(unaudited)
Three months ended Twelve months ended
December 31, December 31,

2025

2024

2025

2024

Cash flow from operating activities:
Net earnings

$285,765

$252,301

$869,193

$863,140

Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation

13,092

12,643

51,141

50,352

Amortization

19,673

18,220

74,469

72,869

Deferred tax provision (benefit)

22,598

(155)

17,471

(5,216)

Share-based compensation

6,485

6,357

22,512

19,979

Non-cash discrete current tax benefit

(13,685)

-

(13,685)

(22,982)

Increase (decrease) in cash resulting from changes in operating assets and liabilities

(108,343)

(23,179)

(65,329)

(9,796)

Net cash provided by operating activities

225,585

266,187

955,772

968,346

Cash flows from investing activities:
Proceeds from sale of property, plant and equipment

-

898

-

1,631

Purchase of property, plant and equipment

(41,504)

(41,276)

(107,124)

(103,898)

Proceeds from government funding

6,170

-

6,170

-

Acquisitions

(18,411)

(7,618)

(93,839)

(10,091)

Other investing activities

13,340

(3,056)

919

(7,104)

Net cash used in investing activities

(40,405)

(51,052)

(193,874)

(119,462)

Cash flows from financing activities:
Proceeds from borrowings

438,015

594,916

1,996,222

2,156,565

Repayments of borrowings

(499,825)

(598,429)

(1,974,762)

(2,175,291)

Proceeds from exercise of stock options

21,414

1,380

32,273

23,719

Repurchases of common stock

(143,749)

(212,500)

(799,995)

(849,997)

Payments of excise tax on repurchases of common stock

(7,750)

(8,089)

(7,750)

(8,089)

Other financing activities

(241)

(971)

(1,161)

(2,884)

Net cash used in financing activities

(192,136)

(223,693)

(755,173)

(855,977)

Effect of exchange rate changes on cash and cash equivalents

4,779

(3,654)

801

(3,352)

Net increase (decrease) in cash and cash equivalents

(2,177)

(12,212)

7,526

(10,445)

Cash and cash equivalents:
Beginning of period

69,065

71,574

59,362

69,807

End of period

$66,888

$59,362

$66,888

$59,362

RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED FREE CASH FLOW
Three months ended Twelve months ended
December 31, December 31,

2025

2024

2025

2024

Net cash provided by operating activities

$225,585

$266,187

$955,772

$968,346

Payments in respect of restructuring activities

3,988

3,986

14,582

23,752

Payments for acquisition transaction costs

-

-

901

-

Transition tax payment

-

-

13,404

10,723

Proceeds from sale of property, plant and equipment

-

898

-

1,631

Purchase of property, plant and equipment, net

(41,504)

(41,276)

(107,124)

(103,898)

Adjusted free cash flow

$188,069

$229,795

$877,535

$900,554

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 December 31, 2025

7%

12%

5%

8%

Twelve Months Ended December 31, 2025

5%

6%

2%

4%

Local Currency Sales Growth
Three Months Ended December 31, 2025

7%

4%

4%

5%

Twelve Months Ended December 31, 2025

5%

1%

2%

3%

Note:

(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.

RECONCILIATION OF DILUTED EPS AS REPORTED TO ADJUSTED DILUTED EPS
(unaudited)
Three months ended Twelve months ended
December 31, December 31,

2025

2024

% Growth

2025

2024

% Growth

EPS as reported, diluted

$13.98

$11.96

17%

$42.05

$40.48

4%

Purchased intangible amortization, net of tax

0.28

(a)

0.24

(a)

1.02

(a)

0.94

(a)

Restructuring and other, net of tax

0.18

(b)

0.09

(b)

0.70

(b)

0.76

(b)

Acquisition costs, net of tax

(0.14)

(c)

(0.09)

(c)

Income tax expense

(0.94)

(d)

0.12

(d)

(0.95)

(d)

(1.07)

(d)

Adjusted EPS, diluted

$13.36

$12.41

8%

$42.73

$41.11

4%

Notes:

(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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260205775735/en/

Adam Uhlman
Head of Investor Relations
METTLER TOLEDO
Direct: 614-438-4794
adam.uhlman@mt.com

FAQ**

What strategies is Mettler-Toledo International Inc. MTD employing to sustain the 8% sales growth reported in Q4 2025, especially in the context of uncertain market conditions?

Mettler-Toledo International Inc. is employing strategies such as enhancing product innovation, expanding its global footprint, focusing on high-margin segments, and leveraging digital sales channels to sustain its 8% sales growth amid uncertain market conditions.

How does Mettler-Toledo International Inc. MTD plan to enhance its adjusted EPS forecast for 2026, given the 5% to 7% growth rate projected for the first quarter?

Mettler-Toledo International Inc. (MTD) aims to enhance its adjusted EPS forecast for 2026 by leveraging its consistent growth trajectory, focusing on innovation, expanding market share, and optimizing operational efficiency, despite the projected 5% to 7% growth rate for Q1.

In light of the 17% growth in diluted EPS to $13.98, what specific initiatives does Mettler-Toledo International Inc. MTD attribute this success to over the past year?

Mettler-Toledo International Inc. attributes the 17% growth in diluted EPS to $13.98 to strategic investments in product innovation, operational efficiencies, and robust demand in key markets, enabling them to deliver strong financial performance amidst challenging economic conditions.

What measures is Mettler-Toledo International Inc. MTD taking to improve free cash flow, particularly considering the operating cash flow metrics reported for 2025?

Mettler-Toledo International Inc. is focusing on optimizing operational efficiencies, streamlining costs, enhancing sales strategies, and managing working capital effectively to improve free cash flow in response to 2025's operating cash flow metrics.

**MWN-AI FAQ is based on asking OpenAI questions about Mettler-Toledo International Inc. (NYSE: MTD).

Mettler-Toledo International Inc.

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