Mettler-Toledo International (MTD) Q1 2026 earnings summary

Executive summary

• Q1 2026 reported sales grew 7% year-over-year to $947.1 million, with local currency sales up 3% (1% excluding acquisitions).

• Adjusted EPS increased 9% to $8.91, supported by margin initiatives and innovation investments, while reported EPS was $8.33, up from $7.81.

• Growth was driven by strong industrial and food retailing segments, with continued investments in automation, digital tools, and field organization.

• Management remains confident in achieving solid adjusted EPS growth for the full year, maintaining agility and execution focus despite macroeconomic uncertainty.

• The company offset 2025 tariff impacts and is monitoring new global trade and geopolitical risks.

Financial highlights

• Net sales reached $947.1 million, up from $883.7 million in Q1 2025, with 3% local currency growth and 7% reported growth.

• Adjusted operating profit was $246.2 million, up 4% year-over-year; adjusted operating margin at 26.0%, down 80 bps.

• Gross profit margin was 58.7%, down from 59.5% a year ago, mainly due to tariffs and currency effects.

• Adjusted free cash flow was $119.7 million, impacted by higher tax payments.

• Diluted EPS was $8.33, up from $7.81 last year; net earnings for the quarter were $169.5 million, up 4%.

Outlook and guidance

• Full-year 2026 local currency sales growth forecast at ~4%, with acquisitions contributing less than 1%.

• Adjusted EPS guidance raised to $46.30–$46.95, representing 8–10% growth.

• Q2 2026 local currency sales expected to grow ~3%; adjusted EPS guidance of $10.70–$10.85 (6–8% growth).

• Free cash flow expected at ~$900 million for 2026; share repurchases of $825–$875 million planned.

• Management expects sufficient liquidity for foreseeable needs, with ongoing monitoring of global trade, tariffs, and geopolitical risks.