Mettler-Toledo

Mettler-Toledo International Inc. (Mettler-Toledo) is a global maker of precision instruments, based in Columbus, Ohio, and Greifensee, Switzerland. It makes weighing instruments for laboratories, industry, packaging, logistics and food retail. It also makes analytical instruments, automated chemistry systems for drug discovery, metal detection and inspection systems for production lines, and process analytics. Its sales mix is laboratory 55%, industrial 40% and retail 5%.

It earns about one quarter of its sales from service: service sales were $817.2 million of $3,068.7 million for nine months of 2026. Its main factories are in China, Germany, Mexico, Switzerland, the United Kingdom and the United States. Patrick Kaltenbach is President and Chief Executive Officer. The shares trade on the New York Stock Exchange in US dollars.

The price of Mettler-Toledo depends on whether it can keep adjusted EPS growth in the low teens from sales growth of about 5%. In Q3 2026, sales rose 6% to $1.094 billion, and adjusted EPS rose 13% to $12.57. Adjusted operating profit was 30.5% of sales. Share buybacks add to EPS growth: Mettler-Toledo spent $638.7 million for nine months to buy 490,368 shares at an average price of $1,302.57.

Demand in Asia and the rest of the world is strong, with sales up 16% in Q3 2026, while European sales were flat. For the price to hold or rise, three things must be true. Demand for laboratory and industrial instruments must keep recovering, as the company says it does. Tariff rules must not hurt margins again.

Management must reach its 2027 plan of local currency sales growth of about 5% and adjusted EPS of $52.50 to $53.50. The next tests are the Q4 2026 report in early February 2027 and its full guidance for 2027.

1. Feb 4, 2027 · est.Pending

   Q4 2026 results and 2027 guidanceAdjusted EPS lands in the Q4 range of $14.84 to $15.04 and the 2027 plan of $52.50 to $53.50 holds, and this passes; a lower range for 2027 fails.
2. May 2027 · est.Pending

   Q1 2027 results: sales growth in laboratory and industrialLocal currency sales grow by about 5% with improving demand in Europe, and this passes; flat sales in Europe and the Americas fail.

Every passed and failed checkpoint across all picks

• November 6, 2026In its Q3 2026 10-Q, Mettler-Toledo said that in October 2026 it agreed a buy-in with an insurer for substantially all assets of its US defined benefit pension plan. It expects, but is not obliged, to end the plan in 2027. It would then record a one-time non-cash charge for the deferred actuarial loss, which was about $28 million at September 30, 2026.
• November 5, 2026Mettler-Toledo reported Q3 2026 results. Sales rose 6% to $1.094 billion, and EPS was $12.29, against $10.57 a year earlier. Adjusted EPS was $12.57, up 13%. Adjusted operating profit was $333.5 million. Reported sales rose 3% in the Americas, were flat in Europe and rose 16% in Asia and the rest of the world.
• November 5, 2026Mettler-Toledo raised its guidance for 2026 adjusted EPS to $47.70 to $47.90, from $47.15 to $47.50. It guided Q4 2026 adjusted EPS to $14.84 to $15.04, with local currency sales up about 5%. It also said that, for 2027, it expects local currency sales growth of about 5% and adjusted EPS of $52.50 to $53.50.

Last earnings

November 5, 2026 (8-K on sec.gov)

Next earnings

Expected about February 4, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed November 6, 2026 · mtd-20260930
• 8-KEarnings releaseFiled November 5, 2026 · Press release and exhibits
• 8-KChange of directors or officers and Investor disclosureFiled August 3, 2026 · mtd-20260730
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 31, 2026 · mtd-20260630
• 8-KEarnings releaseFiled July 30, 2026 · Press release and exhibits
• 8-KChange of directors or officersFiled May 13, 2026 · mtd-20260507
• 8-KShareholder vote resultsFiled May 11, 2026 · mtd-20260507
• 10-QQuarterly report for the period ended Mar 31, 2026Filed May 8, 2026 · mtd-20260331
• 8-KEarnings releaseFiled May 7, 2026 · Press release and exhibits
• 10-KAnnual report for the period ended Dec 31, 2025Filed February 6, 2026 · mtd-20251231

Every filing on SEC EDGAR (CIK 1037646)

• Demand for instruments can fall if customers cut spending. Laboratory products are 55% of sales and industrial products 40%. The company says that market conditions are uncertain and could change quickly.
• Trade rules can change costs and prices. The company got $52 million of IEEPA tariff refunds in 2026 and gave customers $28 million. New tariffs and trade disputes can raise costs for its factories in China, Mexico and Europe.
• Currency changes affect results. Sales and costs are in many currencies, and $983.6 million of its $2,023.7 million of debt is in euros, Swiss francs and other currencies.
• Buybacks use cash and debt. Total debt was $2,023.7 million at September 30, 2026, and cash was $52.2 million. The company spent $638.7 million on buybacks in nine months, and it has $3.0 billion of authority left.
• The US pension plan can cost cash or profit. If the company ends the plan, it expects a one-time non-cash charge of about $28 million, and it does not expect a large cash payment.

At September 30, 2026, Mettler-Toledo had cash and cash equivalents of $52.2 million and total debt of $2,023.7 million, which is net debt of about $1.97 billion. Debt was $1,248.2 million of senior notes, $703.9 million under its $1.35 billion credit agreement and $71.6 million of other local arrangements. Read more

Mettler-Toledo does not pay a dividend.

Source: company filings and market data, read on November 13, 2026.