01—Abstract
Summary
Summary of the 8-K filed May 7, 2026. Cited figures are marked; the original filing is the authoritative source.
Mettler-Toledo International Inc. (NYSE: MTD) reported first-quarter 2026 results in a press release furnished as Exhibit 99.1 to this Form 8-K.
Reported sales rose 7% to $947.1 milliona from $883.7 million a year earlier, while local currency sales increased 3%, including a 1% increase excluding acquisitions. Earnings before taxes were $209.7 million versus $201.9 million, and net earnings were $169.5 million versus $163.6 million. Diluted EPS as reported was $8.33, compared with $7.81, and Adjusted EPS was $8.91, up 9% from $8.19.
By region, reported sales increased 3% in the Americas, 12% in Europe and 8% in Asia/Rest of World. Local currency sales grew 2% in the Americas, 1% in Europe and 5% in Asia/Rest of World. Adjusted Operating Profit was $246.2 millionb, up from $236.7 million, while operating cash flow was $139.8 million, down from $194.4 million, and Adjusted Free Cash Flow was $119.7 million versus $179.8 million.
Management cited solid margin execution, and CEO Patrick Kaltenbach described market conditions as uncertain. For 2026, management expects local currency sales growth of approximately 4%, unchanged from prior guidance, and Adjusted EPS of $46.30 to $46.95c, up from the previous range of $46.05 to $46.70. For the second quarter, it forecasts local currency sales growth of approximately 3% and Adjusted EPS of $10.70 to $10.85.
02—Key points
Key Highlights
- Reported sales rose 7% to $947.1 million; local currency sales rose 3%, or 1% excluding acquisitions.
- Diluted EPS as reported was $8.33, up from $7.81; Adjusted EPS was $8.91, up 9% from $8.19.
- Adjusted Operating Profit increased to $246.2 million from $236.7 million, with a 26.0% margin versus 26.8% a year earlier.
- Operating cash flow fell to $139.8 million from $194.4 million, and Adjusted Free Cash Flow fell to $119.7 million from $179.8 million.
- Restructuring charges rose to $7.3 million from $3.8 million.
- 2026 Adjusted EPS guidance was raised to $46.30–$46.95 from $46.05–$46.70; local currency sales growth guidance was held at approximately 4%.
- Shareholders' equity was negative $41.9 million at March 31, 2026, and long-term debt was $2.16 billion.
03—Questions
Frequently Asked Questions
How did Mettler-Toledo perform in the first quarter of 2026?
Reported sales increased 7% to $947.1 million, and local currency sales increased 3%. Diluted EPS as reported was $8.33 versus $7.81, and Adjusted EPS was $8.91 versus $8.19.
What drove the difference between reported and local currency sales growth?
The filing states that reported sales growth exceeded local currency growth because of the effect of currency translation from activity outside the United States. Reported sales grew 3% in the Americas, 12% in Europe and 8% in Asia/Rest of World, while local currency growth was 2%, 1% and 5% in those regions. Acquisitions also contributed, as local currency sales excluding acquisitions grew 1%.
Why did free cash flow decline in the quarter?
Net cash provided by operating activities was $139.8 million, compared with $194.4 million. The cash flow statement shows a $72.1 million decrease from changes in operating assets and liabilities, compared with $3.1 million in the prior-year period.
What is the company's updated outlook?
For 2026, management anticipates local currency sales growth of approximately 4% and Adjusted EPS of $46.30 to $46.95, up from $46.05 to $46.70. For the second quarter, it expects local currency sales growth of approximately 3% and Adjusted EPS of $10.70 to $10.85. Management noted that market conditions are uncertain and could change quickly.
Why does the company not provide GAAP guidance?
The company states that it cannot predict with reasonable certainty and without unreasonable effort the timing and amount of future restructuring and other non-recurring items, so it does not provide GAAP financial measures on a forward-looking basis.
04—Continue