Overview
Precision instruments supplier's Q1 sales rose 7%, slightly beating analyst expectations
Adjusted EPS for Q1 increased 9% to $8.91, driven by margin initiatives
Company expects Q2 local currency sales to grow about 3%, with adjusted EPS up 6-8%
Outlook
Company expects Q2 2026 local currency sales to grow about 3%
Mettler-Toledo forecasts Q2 2026 adjusted EPS of $10.70 to $10.85
Company sees full-year 2026 local currency sales growth of about 4% and adjusted EPS of $46.30 to $46.95
Result Drivers
MARGIN INITIATIVES - Co said solid execution of margin initiatives supported adjusted EPS growth
REGIONAL SALES VARIATION - Sales growth was higher in Europe and Asia/Rest of World than in the Americas
INNOVATION INVESTMENTS - Co said ongoing investments in innovation continue to provide tangible benefits
Company press release: ID:nBwZppySa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
$947.1 mln
$941.80 mln (12 Analysts)
Q1 Net Income
$169.5 mln
Q1 Adjusted EBIT
$246.2 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the office equipment peer group is "buy"
Wall Street's median 12-month price target for Mettler-toledo International Inc is $1,487.50, about 12.1% above its May 6 closing price of $1,327.04
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 30 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)