Mettler-Toledo International (MTD) Q3 2026 earnings summary

Executive summary

• Improving demand, higher sales volume and strategic execution supported broad-based Q3 growth, led by Asia/Rest of World.

Financial highlights

• Q3 net sales rose 6% to $1,094.3M; local-currency growth was 6%.

• Adjusted operating profit increased 8% to $333.5M; adjusted operating margin expanded 40 bps to 30.5%.

• Adjusted EPS rose 13% to $12.57 from $11.15; reported diluted EPS was $12.29 versus $10.57.

• 9M net sales rose 6% to $3,068.7M; adjusted EPS increased 12% to $32.91.

Outlook and guidance

• Q4 2026 local-currency sales growth is forecast at ~5%; adjusted EPS guidance is $14.84–$15.04, up 11%–13%.

• FY2026 local-currency sales growth guidance is ~5%; adjusted EPS guidance rose to $47.70–$47.90, up ~12%.

• 2027 local-currency sales are forecast to grow ~5%; adjusted EPS is guided to $52.50–$53.50, up 10%–12%.

• 2027 free cash flow and share repurchases are each expected to be ~$950M; divisional sales outlook ranges from low-single-digit Food Retail growth to mid- to high-single-digit Lab growth.