Mettler-Toledo(MTD) - 2025 Q4 - Annual Results

Financial Performance - Fourth quarter 2025 reported sales increased 8% to $1.130 billion, with local currency sales up 5%[3][4][8] - Adjusted EPS for the fourth quarter was $13.36, an increase of 8% from $12.41 in the prior year[4][8] - Full year 2025 reported sales rose 4% to $4.026 billion, with local currency sales increasing 3%[6][24] - Adjusted EPS for the full year was $42.73, reflecting a 4% increase from $41.11 in the previous year[7] - Management anticipates first quarter 2026 local currency sales to increase approximately 3% and adjusted EPS to be between $8.60 and $8.75, representing a growth rate of 5% to 7%[11] - For the full year 2026, local currency sales are expected to grow approximately 4%, with adjusted EPS forecasted between $46.05 and $46.70, indicating growth of 8% to 9%[12] Profitability - Adjusted operating profit for the fourth quarter was $363.0 million, up 3% from $351.9 million in the prior year[4][22] - Earnings before taxes for the fourth quarter amounted to $329.1 million, compared to $314.5 million in the previous year[3][22] - The company reported a non-cash discrete tax benefit of $0.95 per share for both the fourth quarter and full year 2025[3][6] Assets and Liabilities - Total assets increased to $3,712,646 thousand as of December 31, 2025, up from $3,239,999 thousand in 2024, representing a growth of 14.6%[27] - Long-term debt increased to $2,088,241 thousand as of December 31, 2025, compared to $1,831,265 thousand in 2024, reflecting a rise of 14.0%[27] - Total current liabilities rose to $1,198,116 thousand in 2025, up from $1,168,193 thousand in 2024, marking an increase of 2.6%[27] Cash Flow - Adjusted free cash flow for the twelve months ended December 31, 2025, was $877,535 thousand, compared to $900,554 thousand in 2024, indicating a decrease of 2.5%[30] - The company reported a net cash provided by operating activities of $955,772 thousand for the twelve months ended December 31, 2025, down from $968,346 thousand in 2024, a decrease of 1.3%[29] - The company experienced a decrease in cash and cash equivalents to $66,888 thousand at the end of 2025, down from $59,362 thousand in 2024[29] Restructuring and Growth Initiatives - The company’s restructuring charges for the three months ended December 31, 2025, amounted to $4.6 million, compared to $2.1 million in 2024, indicating an increase in restructuring costs[35] - Mettler-Toledo is focused on growth through its Spinnaker sales and marketing program and innovative product portfolio, capitalizing on automation and digitalization opportunities[14] Regional Sales Performance - U.S. dollar sales growth for the three months ended December 31, 2025, was 8%, with growth of 7% in the Americas, 12% in Europe, and 5% in Asia/RoW[32] - Adjusted diluted EPS for the three months ended December 31, 2025, was $13.36, an increase of 8% from $12.41 in 2024[34] Net Earnings - Net earnings for the twelve months ended December 31, 2025, were $869,193 thousand, slightly up from $863,140 thousand in 2024, reflecting a growth of 0.6%[29]