Mettler-Toledo raises 2026 profit forecast after Q3 beat

Mettler-Toledo (MTD) raised its full-year 2026 adjusted EPS forecast to $47.70 to $47.90 from $47.15 to $47.50 after third-quarter adjusted EPS of $12.57 beat the $12.22 consensus estimate. Reported sales of $1.094 billion topped the $1.08 billion estimate. Adjusted EPS rose 13% from a year earlier, and reported sales rose 6%.

Shares rose 2.5% at 3:59 p.m. ET, from a $1,679.08 close.

Here's how the company did:

• Adjusted EPS: $12.57 vs. $11.15 a year earlier, against the $12.22 consensus estimate
• Reported diluted EPS: $12.29 vs. $10.57 a year earlier
• Revenue: $1.094 billion vs. $1.030 billion a year earlier, against the $1.08 billion estimate
• Adjusted operating profit: $333.5 million vs. $309.9 million a year earlier

Earnings before taxes were $300.2 million, compared with $269.2 million a year earlier.

2026 guidance

Fourth-quarter local currency sales are expected to rise about 5%, with adjusted EPS of $14.84 to $15.04, growth of 11% to 13%.

Full-year local currency sales are expected to rise about 5%, excluding tariff refunds to customers, up from an earlier forecast of about 4% to 5%. Adjusted EPS growth is about 12%.

For 2027, local currency sales growth is expected to be about 5%, with adjusted EPS of $52.50 to $53.50, growth of 10% to 12%.

The nine-month results include a one-time $52 million tariff refund benefit in cost of sales and a one-time $28 million refund to customers that reduced net sales, both recorded in the second quarter of 2026.

Sales by region

Reported sales rose 3% in the Americas and were flat in Europe. Asia/Rest of World rose 16%.

In local currency, sales rose 3% in the Americas, 2% in Europe and 14% in Asia/Rest of World.

Costs and cash

Restructuring charges fell to $3.9 million from $6.0 million. Interest expense was $15.7 million, compared with $17.7 million.

Adjusted free cash flow was $285.1 million, up from $280.7 million. The company repurchased $226.2 million of its common stock in the quarter.