Mettler-Toledo International Inc. Reports Second Quarter 2025 Results

About this update from Mettler-toledo International, Inc.

COLUMBUS, Ohio, July 31, 2025 --( BUSINESS WIRE )--Mettler-Toledo International Inc. (NYSE: MTD) today announced second quarter results for 2025. Provided below are the highlights: Second Quarter Results Patrick Kaltenbach, President and Chief Executive Officer, stated, "We are pleased with our second quarter results and experienced growth throughout most of our business despite challenging market conditions. Our team performed extremely well, and we continue to benefit from our innovative product portfolio and strategic programs, which resulted in solid EPS growth in the quarter." GAAP Results EPS in the quarter was $9.76, compared with the prior-year amount of $10.37 which included a one-time non-cash tax benefit of $1.07 per share. Compared with the prior year, total reported sales increased 4% to $983.2 million. By region, reported sales increased 2% in the Americas, 6% in Europe, and 4% in Asia/Rest of World. Earnings before taxes amounted to $248.7 million, compared with $243.2 million in the prior year. Non-GAAP Results Adjusted EPS was $10.09, an increase of 5% over the prior-year amount of $9.65. Compared with the prior year, total sales in local currency increased 2%. By region, local currency sales increased 3% in the Americas, were flat in Europe, and increased 3% in Asia/Rest of World. Adjusted Operating Profit amounted to $283.3 million, compared with the prior-year amount of $284.1 million. Adjusted EPS and Adjusted Operating Profit are non-GAAP measures. Reconciliations to the most comparable GAAP measures are provided in the attached schedules. Six Month Results GAAP Results EPS was $17.56, compared with the prior-year amount of $18.60 which included a one-time non-cash tax benefit of $1.07 per share. Total reported sales of $1.867 billion were flat with the prior year. By region, reported sales compared with the prior year were flat in the Americas, decreased 2% in Europe, and were flat in Asia/Rest of World. Earnings before taxes amounted to $450.6 million, compared with $463.7 million in the prior year. Non-GAAP Results Adjusted EPS was $18.27, a decrease of 1% over the prior-year amount of $18.53. Total sales in local currency were flat versus the prior year. By region, local currency sales as compared to prior year increased 1% in the Americas, decreased 3% in Europe, and increased 1% in Asia/Rest of World. Excluding the impact from delayed fourth quarter 2023 shipments that benefited first quarter 2024 sales, year-to-date 2025 local currency sales increased 3%, including 3% growth in the Americas, 2% growth in Europe, and 3% growth in Asia/Rest of World. Adjusted Operating Profit amounted to $520.0 million, compared with the prior-year amount of $551.4 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 Management cautions that market conditions are uncertain and could change quickly. Based on today's assessment, management anticipates local currency sales for the third quarter of 2025 will increase approximately 3% to 4%. Adjusted EPS is forecast to be $10.55 to $10.75, a growth rate of 3% to 5%. Included in the third quarter guidance is an estimated 5% gross headwind to Adjusted EPS growth due to higher tariff costs that is expected to be largely offset by mitigation actions. For the full year 2025, management anticipates local currency sales will increase approximately 1% to 2%, which includes a headwind of approximately 1.5% from the previously disclosed shipping delays in the fourth quarter of 2023 that benefited the first quarter of 2024. Adjusted EPS is forecast to be in the range of $42.10 to $42.60, representing growth of approximately 2% to 4%. This forecast includes headwinds of approximately 4% from the previously mentioned shipping delays, and an additional 4% gross headwind from higher tariff costs that is expected to be largely mitigated in this year’s results. This compares with previous local currency sales growth guidance of approximately 1% to 2% and Adjusted EPS guidance of $41.25 to $42.00. 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 proud of our team’s agility as we continue to navigate uncertain market conditions, especially our ability to implement mitigation actions that will largely offset the current impact of tariffs this year. We currently estimate gross incremental tariff costs of approximately $60 million on an annualized basis, which has been reduced from our previous estimate of $115 million due to lower tariff rates. While we anticipate that many customers will remain cautious with their investments in the near-term due to global trade disputes and various governmental policy uncertainties, we are well positioned for increased investment opportunities in the future. We are confident that our unique global go-to-market approach and innovative portfolio will enable us to seize these promising growth opportunities." Other Matters The Company will host a conference call to discuss its quarterly results tomorrow morning (Friday, August 1) 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, including statements about expected revenue growth, inflation, ongoing developments related to global trade disputes/tariffs, governmental policies, and the conflicts in Ukraine and the Middle East. 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 earnings and sales 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, 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, and the conflicts in Ukraine and 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, inflation, and the ongoing conflicts in Ukraine and 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.   View source version on businesswire.com: https://www.businesswire.com/news/home/20250731919343/en/ Contacts Adam Uhlman Head of Investor Relations METTLER TOLEDO Direct: 614-438-4794 [email protected]

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