Mettler-Toledo International, Inc.

Q2 performance beat expectations; broad-based organic growth - Reported sales: $1.0B (+7% USD YoY); +6% in local currency, above prior guidance (~3%). - Organic local currency growth: +4% (acquisitions contributed ~1.5%). - Region mix: Americas +1%, Europe +4%, Asia/Rest of World +9%, including China +9%. - Product areas (organic): Laboratory +4%, Industrial +3% (Core Industrial +4%, Product Inspection +1%), Food Retail +11%; Service +9% (or +7% organic). - Profitability: adjusted gross margin 59.3% (+30 bps YoY); adjusted EPS $11.46 (+14% YoY).

Tariff/treatment items were excluded from adjusted results; reported EPS benefited but non-GAAP guidance didn’t - Management highlighted a one-time tariff-related gross benefit in Q2 (IEEPA refunds): $52M benefit to cost of sales, partially offset by $28M refund to customers reducing reported net sales by 3%. - Adjusted discussion explicitly excluded both tariff-related effects. - Reported EPS included headwinds/boosts (net tariff refund benefit +$0.92, purchased intangible amortization +$0.26, restructuring +$0.22, tax timing +$0.04, plus acquisition-related charge +$0.31). Net effect: Q2 reported EPS $11.55 vs $9.76 prior year.

Q2 margin and cost execution strengthened; confidence on 2H and full-year margin - Adjusted operating margin 29.3% (+50 bps YoY; +100 bps excluding FX). - Margin drivers cited: favorable price realization, lower tariff rates vs prior year, productivity/cost initiatives, partially offset by higher transportation. - Updated view: full-year operating margin up ~60–70 bps excluding currency (reported ~+10–20 bps).