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Mettler-Toledo International Inc. Earnings Call Webcast July 31, 2026 Q2 2026 Financial Results
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Safe Harbor Statement 2 Statements in this presentation which are not historical facts constitute “forward looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These statements involve known and unknown risks, uncertainties and other factors that may cause our or our businesses, actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements. For a discussion of these risks and uncertainties, please see "Factors Affecting Our Future Operating Results" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the most recently completed fiscal year and other reports filed with the SEC from time to time.
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Summary Comments Second Quarter 2026 Highlights 3 Our second quarter results were strong and reflected better than expected organic sales growth across our portfolio, including very good growth in China and emerging markets. Improved market conditions and benefits from our Spinnaker sales and marketing and productivity initiatives resulted in excellent Adjusted EPS growth in the quarter. Our team remains agile and focused on capturing growth opportunities leveraging our sophisticated Spinnaker program and innovative product portfolio, while benefiting from trends in automation, digitalization, and onshoring investments. Strong execution of our strategic initiatives will continue to deliver solid financial performance. +6% 29.3% Up 50bp $11.46 Up 14% Local Currency Sales Adj Operating Margin Adjusted EPS Above: Rainin PFAS Free Pipette Tips are high-quality laboratory tips designed to provide reliable, contamination-free liquid handling. These pipette tips are manufactured without per- and polyfluoroalkyl substances (PFAS), ensuring they are safe for sensitive applications that require minimal chemical interference. Ideal for use in pharmaceutical, environmental, and biochemical research, these tips offer precision, consistency, and reduced risk of sample contamination, supporting accurate and reproducible results in critical workflows.
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Sales by Geography Q2 local currency sales growth $414 $402 $274 $294 $295 $331 3% LC 3% LC 0% LC 4% LC 3% LC 10% LC $983 $1,027 2% LC 6% LC 39% 29% 32% 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 Americas Europe TotalAsia/ROW 4 USD in 000's, figures may not foot due to rounding. Local currency (LC) sales growth excludes the impact from changes in foreign exchange rates and tariff refunds to customers. Net sales growth in local currency excluding acquisitions was 4% with 1% growth in the Americas and 9% growth in Asia/ROW in the second quarter 2026.
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Sales by Geography YTD local currency sales growth $792 $792 $522 $572 $553 $610 1% LC 3% LC (3%) LC 3% LC 1% LC 8% LC $1,867 $1,9740% LC 4% LC 40% 29% 31% 2025 2026 2025 2026 2025 2026 2025 2026 Americas Europe TotalAsia/ROW 5 USD in 000's, figures may not foot due to rounding. Local currency (LC) sales growth excludes the impact from changes in foreign exchange rates and tariff refunds to customers. Net sales growth in local currency excluding acquisitions was 3%, including flat sales in the Americas and 6% growth in Asia/Rest of World year-to-date 2026.
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$538 $553 $395 $418 $51 $57 1% LC 5% LC 4% LC 6% LC 0% LC 11% LC $983 $1,027 2% LC 6% LC54% 41% 5% 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 Laboratory Industrial TotalFood Retail Sales by Product Q2 local currency sales growth 6 USD in 000's, figures may not foot due to rounding. Local currency (LC) sales growth excludes the impact from changes in foreign exchange rates and tariff refunds to customers. Net sales growth in local currency excluding acquisitions was 4%, including 4% growth in Laboratory and 3% growth in Industrial in the second quarter 2026.
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Sales by Product YTD local currency sales growth $1,038 $1,077 $736 $792 $93 $105 (1%) LC 3% LC 2% LC 5% LC (6%) LC 9% LC $1,867 $1,9740% LC 4% LC 55% 40% 5% 2025 2026 2025 2026 2025 2026 2025 2026 Laboratory Industrial TotalFood Retail 7 USD in 000's, figures may not foot due to rounding. Local currency (LC) sales growth excludes the impact from changes in foreign exchange rates and tariff refunds to customers. Net sales growth in local currency excluding acquisitions was 3%, including 2% in Laboratory and 3% in Industrial year-to-date 2026.
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Profit & Loss Statement – Q2 2026 8 (USD in 000’s) Q2 2026 Q2 2025 Change Net Sales $1,027,314 $983,221 4% Local Currency Growth % (a) 6% 2% Adjusted Gross Profit (b) 625,667 579,876 8% Gross Profit Margin % (b) 59.3% 59.0% 30bp Research and Development 52,989 49,285 8% % of Sales (b) 5.0% 5.0% 0bp Selling, General and Administrative 263,334 247,298 6% % of Sales (b) 25.0% 25.2% (20bp) Adjusted Operating Profit 309,344 283,293 9% Adj Margin % (b) 29.3% 28.8% 50bp Adjusted EPS $11.46 $10.09 14% (a) Local currency sales growth excludes the impact from changes in foreign exchange rates and tariff refunds to customers. (b) Adjusted for the net impact of one-time U.S. government tariff refunds of $52.4 million that benefited Cost of Sales, less related customer tariff refunds of $27.8 million that reduced Net Sales for the three months ended June 30, 2026.
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Profit & Loss Statement – Year-To-Date 9 (USD in 000’s) 2026 2025 Change Net Sales $1,974,441 $1,866,965 6% Local Currency Growth % (a) 4% 0% Adjusted Gross Profit (b) 1,181,483 1,105,755 7% Gross Profit Margin % (b) 59.0% 59.2% (20bp) Research and Development 104,264 95,631 9% % of Sales (b) 5.2% 5.1% 10bp Selling, General and Administrative 521,660 490,097 6% % of Sales (b) 26.1% 26.3% (20bp) Adjusted Operating Profit 555,559 520,027 7% Adj Margin % (b) 27.7% 27.9% (20bp) Adjusted EPS $20.35 $18.27 11% (a) Local currency sales growth excludes the impact from changes in foreign exchange rates and tariff refunds to customers. (b) Adjusted for the net impact of one-time U.S. government tariff refunds of $52.4 million that benefited Cost of Sales, less related customer tariff refunds of $27.8 million that reduced Net Sales for the six months ended June 30, 2026.
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10 Thank You.