Mettler-Toledo (MTD) reported net income of US$ 245.9 million in the third quarter of 2026, compared with US$ 217.5 million in the same period of the previous year. Earnings per share (EPS) were US$ 12.29, versus US$ 10.57 in 3Q25. Revenue totaled US$ 1.094 billion, up 6%.
Adjusted earnings per share (non-GAAP, which excludes items the company considers non-recurring) were US$ 12.57, up 13% from US$ 11.15 in 3Q25. Adjusted operating income reached US$ 333.5 million, compared with US$ 309.9 million a year earlier. Earnings before taxes were US$ 300.2 million, compared with US$ 269.2 million.
By region, revenue grew 3% in the Americas, was flat in Europe and rose 16% in Asia and the Rest of the World. In local currency, revenue increased 6%. Chief Executive Officer (CEO) Patrick Kaltenbach said: "We delivered an excellent third quarter, with relatively broad-based growth across our portfolio."
In the first nine months of 2026, revenue was US$ 3.069 billion, up 6%, and EPS was US$ 32.14, versus US$ 28.12. Adjusted EPS was US$ 32.91, up 12%. Adjusted free cash flow was US$ 651.9 million, compared with US$ 689.5 million.
For the fourth quarter of 2026, the company projects local currency revenue growth of about 5% and adjusted EPS of US$ 14.84 to US$ 15.04. For the year, it projects adjusted EPS of US$ 47.70 to US$ 47.90, compared with US$ 47.15 to US$ 47.50 previously. For 2027, the target is adjusted EPS between US$ 52.50 and US$ 53.50, with local currency revenue rising about 5%.
