Mettler-Toledo(MTD) - 2025 Q2 - Quarterly Results

Sales Performance - Second quarter total reported sales increased 4% to $983.2 million, with regional sales growth of 2% in the Americas, 6% in Europe, and 4% in Asia/Rest of World[3] - For the first half of 2025, total reported sales were flat at $1.867 billion, with regional sales remaining flat in the Americas and Asia, and a 2% decrease in Europe[6] - Year-to-date 2025 local currency sales increased 3%, with growth of 3% in the Americas and Asia, and 2% in Europe[9] - Local currency sales growth for the three months ended June 30, 2025, was 2% overall, with 3% growth in the Americas and Asia/RoW, while Europe saw no growth[32] Earnings and Profitability - Adjusted EPS for the second quarter was $10.09, reflecting a 5% increase from the prior-year amount of $9.65[4] - Management anticipates third quarter local currency sales to increase approximately 3% to 4%, with adjusted EPS forecasted between $10.55 and $10.75, representing a growth rate of 3% to 5%[11] - For the full year 2025, local currency sales are expected to grow approximately 1% to 2%, with adjusted EPS projected in the range of $42.10 to $42.60, indicating growth of 2% to 4%[12] - Adjusted operating profit for the second quarter was $283.3 million, nearly flat compared to the prior-year amount of $284.1 million[4] - Earnings before taxes for the second quarter amounted to $248.7 million, compared to $243.2 million in the prior year[3] - Adjusted operating profit for the six months ended June 30, 2025, decreased by 6% to $520,027, representing 27.9% of sales compared to 29.4% in the same period of 2024[25] - The company reported a diluted EPS of $9.76 for the three months ended June 30, 2025, down 6% from $10.37 in 2024[33] Cash Flow and Assets - Net cash provided by operating activities for the six months ended June 30, 2025, was $430,815, a decrease from $447,493 in the same period of 2024[30] - Cash and cash equivalents at the end of the period were $61,825, a slight decrease from $70,810 at the end of the previous quarter[29] - Adjusted free cash flow for the six months ended June 30, 2025, was $408,732, down from $433,363 in 2024[30] - Total assets increased to $3,400,465 as of June 30, 2025, up from $3,239,999 at the end of 2024[27] Liabilities and Debt - Total current liabilities decreased to $1,106,892 as of June 30, 2025, from $1,168,193 at the end of 2024[27] - The company’s long-term debt increased to $2,123,735 as of June 30, 2025, from $1,831,265 at the end of 2024[27] Tariff and Restructuring Impact - The company estimates gross incremental tariff costs of approximately $60 million on an annualized basis, reduced from a previous estimate of $115 million due to lower tariff rates[14] - The company continues to navigate uncertain market conditions while implementing mitigation actions to offset tariff impacts[14] - The company incurred restructuring charges of $7.3 million for the six months ended June 30, 2025, compared to $15.0 million in the same period of 2024[34]