8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 5, 2022

Mettler-Toledo International Inc.

(Exact name of registrant as specified in its charter)

Delaware	File No.	001-13595	13-3668641
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)

1900 Polaris Parkway
Columbus,	OH
and
Im Langacher, P.O. Box MT-100
CH Greifensee, Switzerland		43240	and 8606
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: 1-614-438-4511 and +41-44-944-22-11

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	MTD	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

    The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition.” The information furnished in this Form 8-K and the Exhibit attached hereto shall not be treated as filed for purposes of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

    On May 5, 2022 Mettler-Toledo International Inc. (“Mettler-Toledo”) issued a press release (the “Release”) setting forth its financial results for the three months ended March 31, 2022. A copy of the Release is furnished hereto as Exhibit 99.1 to this report.

Non-GAAP Financial Measures

    Mettler-Toledo supplements its U.S. GAAP results with non-GAAP financial measures. The principal non-GAAP financial measures Mettler-Toledo uses are Adjusted Earnings per Share, Adjusted Operating Profit, Adjusted Free Cash Flow and Local Currency Sales Growth.

Adjusted Earnings per Share

    Mettler-Toledo defines Adjusted Earnings per Share as diluted earnings per common share excluding certain non-recurring discrete tax items, amortization of purchased intangible assets, net of tax, restructuring charges, net of tax and certain other one-time charges, net of tax. The most directly comparable U.S. GAAP financial measure is diluted earnings per common share.

    Mettler-Toledo believes that Adjusted Earnings per Share is important supplemental information for investors. Mettler-Toledo uses this measure because it excludes certain non-recurring discrete tax items, amortization of purchased intangibles, net of tax, restructuring charges, net of tax and certain other one-time charges, net of tax, which management believes are not directly related to current and ongoing operations thereby providing investors with information that helps to compare ongoing operating performance.

    Adjusted Earnings per Share is used in addition to and in conjunction with results presented in accordance with U.S. GAAP. Adjusted Earnings per Share is not intended to represent diluted earnings per common share under U.S. GAAP and should not be considered as an alternative to diluted earnings per common share as an indicator of Mettler-Toledo’s performance because of the following limitations.

Limitations of Mettler-Toledo’s non-GAAP measure, Adjusted Earnings per Share

    Mettler-Toledo’s non-GAAP measure, Adjusted Earnings per Share, has certain material limitations as follows:

    It does not include certain non-recurring discrete tax items, amortization expense of purchased intangibles, net of tax, restructuring charges, net of tax and certain other one-time charges, net of tax. Because non-recurring discrete tax items, amortization of purchased intangibles, restructuring charges and certain other one-time charges are components of diluted earnings per share under U.S. GAAP, any measure that excludes non-recurring discrete tax items, amortization of purchased intangibles, restructuring charges and certain other one-time charges, has material limitations.

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Adjusted Operating Profit

    Mettler-Toledo defines Adjusted Operating Profit as gross profit less research and development and selling, general and administrative expenses before amortization, interest, restructuring charges and other charges (income), net and taxes. The most directly comparable U.S. GAAP financial measure is earnings before taxes.

    Mettler-Toledo believes that Adjusted Operating Profit is important supplemental information for investors. Adjusted Operating Profit is used internally as the principal profit measurement by its segments in their reporting to management. Mettler-Toledo uses this measure because it excludes amortization, interest, restructuring charges and other charges (income), net and taxes, which are not allocated to the segments.

    On a consolidated basis, Mettler-Toledo also believes Adjusted Operating Profit is an important supplemental method of measuring profitability. It is used internally by senior management for measuring profitability and setting performance targets for managers, and has historically been used as one of the means of publicly providing guidance on possible future results. Mettler-Toledo also believes that Adjusted Operating Profit is an important performance measure because it provides a measure of comparability to other companies with different capital or legal structures, which accordingly may be subject to disparate interest rates and effective tax rates, and to companies which may incur different amortization expenses or impairment charges related to intangible assets.

    Adjusted Operating Profit is used in addition to and in conjunction with results presented in accordance with U.S. GAAP. Adjusted Operating Profit is not intended to represent operating income under U.S. GAAP and should not be considered as an alternative to earnings before taxes as an indicator of Mettler-Toledo’s performance because of the following limitations.

Limitations of Mettler-Toledo’s non-GAAP measure, Adjusted Operating Profit

    Mettler-Toledo’s non-GAAP measure, Adjusted Operating Profit, has certain material limitations as follows:

• It excludes amortization expense. Because this item is recurring, any measure that excludes amortization expense has material limitations.

• It does not include interest expense. Because Mettler-Toledo has borrowed money to finance some of its operations, interest is a necessary and ongoing part of its costs and has assisted Mettler-Toledo in generating revenue. Therefore any measure that excludes interest expense has material limitations.

• It excludes restructuring charges. Because restructuring charges are a component of operating income under U.S. GAAP, any measure that excludes restructuring charges, has material limitations.

• It excludes other charges (income), net. Because other charges (income), net is a component of operating income under U.S. GAAP, any measure that excludes other charges (income), net, has material limitations.

Adjusted Free Cash Flow

    Mettler-Toledo defines Adjusted Free Cash Flow as net cash provided by operating activities including proceeds from the sale of property, plant and equipment, less capital expenditures (net of related government funding), and before restructuring, acquisition cost payments, and tax reform payments. The most directly comparable U.S. GAAP financial measure is net cash provided by operating activities

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    Mettler-Toledo believes Adjusted Free Cash Flow is important supplemental information for investors. It is used internally by senior management for measuring operating cash flow generation and setting performance targets for managers, and has historically been used as one of the means of providing guidance on possible future cash flows.

    Adjusted Free Cash Flow is used in addition to and in conjunction with results presented in accordance with U.S. GAAP. Adjusted Free Cash Flow is not intended to represent net cash provided by operating activities recorded under U.S. GAAP and should not be considered as an alternative to net cash provided by operating activities as an indicator of Mettler-Toledo’s performance because of the following limitations.

Limitations of Mettler-Toledo’s non-GAAP measure, Adjusted Free Cash Flow

    Mettler-Toledo’s non-GAAP measure, Adjusted Free Cash Flow, has certain material limitations as follows:

• It includes proceeds from the sale of property, plant and equipment and purchases of property, plant and equipment, which are not considered to be components of net cash provided by operating activities under U.S. GAAP. It excludes the portion of purchases of property, plant and equipment relating to government contract. Therefore any measure that includes proceeds from the sale of property, plant and equipment and purchases of property, plant and equipment has material limitations.

• It excludes restructuring, acquisition cost payments, and tax reform payments which is considered to be a component of net cash provided by operating activities under U.S. GAAP. Therefore any measure that excludes these items has material limitations.

Local Currency Sales Growth

    Mettler-Toledo defines Local Currency Sales Growth as sales growth excluding the effect of currency exchange rate fluctuations that result from translating activity outside of the United States into U.S. dollars. The most directly comparable U.S. GAAP financial measure is U.S. dollar sales growth.

    Mettler-Toledo believes that Local Currency Sales Growth is important supplemental information for investors. Mettler-Toledo believes local currency information provides a helpful assessment of business performance and a useful measure of results between periods.

    Local Currency Sales Growth is used in addition to and in conjunction with results presented in accordance with U.S. GAAP. Local Currency Sales Growth is not intended to represent U.S. dollar sales growth under U.S. GAAP and should not be considered as an alternative to U.S. dollar sales growth as an indicator of Mettler-Toledo’s performance because of the following limitations.

Limitations of Mettler-Toledo’s non-GAAP measure, Local Currency Sales Growth

    Mettler-Toledo’s non-GAAP measure, Local Currency Sales Growth, has certain material limitations as follows:

    It does not include the effect of currency exchange rate fluctuations that result from translating activity outside of the United States into U.S. dollars. Because the effect of changes in foreign currency exchange rates is a component of sales growth under U.S. GAAP, any measure that excludes the effect of changes in foreign currency exchange rates, has material limitations.

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    Adjusted Earnings per Share, Adjusted Operating Income, Adjusted Free Cash Flow and Local Currency Sales Growth should not be relied upon to the exclusion of U.S. GAAP financial measures, but reflect additional measures of comparability and means of viewing aspects of Mettler-Toledo’s operations that, when viewed together with its U.S. GAAP results and the accompanying reconciliations to net earnings, net cash provided by operating activities and diluted earnings per share, provide a more complete understanding of factors and trends affecting its business.

    Because Adjusted Earnings per Share, Adjusted Operating Income, Adjusted Free Cash Flow and Local Currency Sales Growth are not standardized, it may not be possible to compare with other companies’ non-GAAP financial measures having the same or similar names. We strongly encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.

    The Release provides a reconciliation of Adjusted Earnings per Share, Adjusted Operating Income and Adjusted Free Cash Flow to the most comparable financial measures recorded under U.S. GAAP. The Release also presents Local Currency Sales Growth in conjunction with its most comparable financial measure recorded under U.S. GAAP.

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Item 9.01 Financial Statements and Exhibits

Exhibit No.	Description
99.1	Press release, dated May 5, 2022, issued by Mettler-Toledo International Inc.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).* * Submitted electronically with this Report in accordance with the provision of Regulation S-T.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                            

		METTLER-TOLEDO INTERNATIONAL INC.
Dated:	May 5, 2022	By:	/s/Shawn P. Vadala
			Shawn P. Vadala
			Chief Financial Officer

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EX-99.1

FOR IMMEDIATE RELEASE Exhibit 99.1

METTLER-TOLEDO INTERNATIONAL INC. REPORTS

FIRST QUARTER 2022 RESULTS

COLUMBUS, Ohio, USA – May 5, 2022 – Mettler-Toledo International Inc. (NYSE: MTD) today announced first quarter results for 2022. Provided below are the highlights:

•Reported sales increased 12% compared with the prior year. In local currency, sales increased 14% in the quarter as currency reduced sales growth by 2%.

•Net earnings per diluted share as reported (EPS) were $7.55, compared with $6.32 in the prior-year period. Adjusted EPS was $7.87, an increase of 20% over the prior-year amount of $6.56. Adjusted EPS is a non-GAAP measure, and a reconciliation to EPS is included on the last page of the attached schedules.

First Quarter Results

Patrick Kaltenbach, President and Chief Executive Officer, stated, "We had a strong start to the year with robust customer demand and diligent execution by our teams throughout the world. We had excellent growth in our Laboratory and Industrial businesses and saw broad-based growth in most regions. Despite continued higher costs associated with challenges in the global supply chain, we had a very good increase in operating profit and earnings growth, which is particularly impressive given the excellent growth in the prior year."

GAAP Results

EPS in the quarter was $7.55, compared with the prior-year amount of $6.32.

Compared with the prior year, total reported sales increased 12% to $897.8 million. By region, reported sales increased 16% in the Americas, 3% in Europe and 14% in Asia/Rest of World. Earnings before taxes amounted to $213.0 million, compared with $185.4 million in the prior year.

Non-GAAP Results

Adjusted EPS was $7.87, an increase of 20% over the prior-year amount of $6.56.

Compared with the prior year, total sales in local currency increased 14% as currency reduced sales growth by 2%. By region, local currency sales increased 16% in the Americas, 10% in Europe and 15% in Asia/Rest of World. Adjusted Operating Profit amounted to $241.2 million, a 15% increase from the prior-year amount of $210.7 million.

Adjusted EPS and Adjusted Operating Profit are non-GAAP measures. Reconciliations to the most comparable GAAP measures are provided in the attached schedules.

Outlook

The Company stated that forecasting continues to be challenging. Management cautions that market conditions are very dynamic and changes to the business environment can happen quickly. There is increased uncertainty in the economic environment today including the potential impact of COVID-19, challenges in the global supply chain, inflationary pressures, unfavorable foreign currency and the potential repercussions from the war in Ukraine. The estimates include uncertainty and management acknowledges that market conditions are subject to change.

The Company said that based on its assessment of market conditions today, management anticipates local

currency sales growth in 2022 will be approximately 8%. This sales growth is expected to result in

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Adjusted EPS in the range of $38.20 to $38.50, which represents a growth rate of 12% to 13%. This compares with previous local currency sales guidance of approximately 7% and Adjusted EPS guidance of $38.15 to $38.50.

Based on today's assessment of market conditions, management anticipates local currency sales growth for the second quarter of 2022 will be approximately 7%, and Adjusted EPS is forecasted to be $8.70 to $8.80, a growth rate of 7% to 9%.

While the Company has provided an outlook for local currency sales growth and Adjusted EPS, it has not provided an outlook for reported sales growth or EPS as it would require an estimate of currency exchange fluctuations and non-recurring items, which are not yet known.

Conclusion

Kaltenbach concluded, "Momentum in our business is good across our Laboratory and Industrial product lines and we believe we are continuing to gain market share. Our ability to navigate challenges in the supply chain and meet customer demand continues to be a competitive advantage. We face macro uncertainties including COVID-19, challenges in the global supply chain, inflationary pressures, unfavorable foreign currency and the potential repercussions from the war in Ukraine. We remain focused on what we can control, namely capitalizing on our strong product portfolio and focused execution of our strategic programs to capture growth. Our culture of agility and resilience is particularly important given market conditions today. We remain confident in our strategic initiatives and our ability to deliver strong results in 2022 and beyond."

Other Matters

The Company will host a conference call to discuss its quarterly results today (Thursday, May 5) at 5:00 p.m. Eastern Time. To hear a live webcast or replay of the call, visit the investor relations page on the Company’s website at www.mt.com/investors. The presentation referenced in the conference call will be located on the website prior to the call.

METTLER TOLEDO (NYSE: MTD) is a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in most of them. We are recognized as an innovation leader and our solutions are critical in key R&D, quality control and manufacturing processes for customers in a wide range of industries including life sciences, food and chemicals. Our sales and service network is one of the most extensive in the industry. Our products are sold in more than 140 countries and we have a direct presence in approximately 40 countries. With proven growth strategies and a focus on execution, we have achieved a long-term track record of strong financial performance. For more information, please visit www.mt.com.

Statements in this press release which are not historical facts constitute “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. You should not rely on forward-looking statements to predict our actual results. Our actual results or performance may be materially different than reflected in forward-looking statements because of various risks and uncertainties, including statements about expected revenue growth and long-term impacts of the COVID-19 pandemic and recent developments in Ukraine. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential” or “continue.” We make forward-looking statements about future events or our future financial performance, including earnings and sales growth, earnings per share, strategic plans and contingency plans, growth opportunities or economic downturns, our ability to respond to changes in market conditions, customer demand, our competitive position, pricing, our supply chain, adequacy of our facilities, access to and the costs of raw materials, shipping and supplier costs, gross margins, planned research and development efforts and product introductions, capital expenditures, cash flow, tax-related matters, the impact of foreign currencies, compliance with laws, effects of acquisitions and the impact of the COVID-19 pandemic and recent developments in Ukraine on our businesses. Our forward-looking statements may not be accurate or complete, and we do not intend to update or revise them in light of actual results. New risks also periodically arise. Please consider the risks and factors that could cause our results to differ materially from what is described in our forward-looking statements, including the uncertain duration and severity of the COVID-19 pandemic and recent developments in Ukraine. See in particular “Factors Affecting Our Future Operating Results” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2021 and other reports filed with the SEC from time to time.

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METTLER-TOLEDO INTERNATIONAL INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(amounts in thousands except share data)

(unaudited)

		Three months ended				Three months ended
		March 31, 2022			% of sales	March 31, 2021		% of sales
Net sales		$	897,791	(a)	100.0	$	804,390	100.0
Cost of sales		378,206			42.1	332,694		41.4
Gross profit		519,585			57.9	471,696		58.6
Research and development		43,028			4.8	39,272		4.9
Selling, general and administrative		235,312			26.2	221,752		27.6
Amortization		16,604			1.8	13,884		1.7
Interest expense		11,338			1.3	9,471		1.2
Restructuring charges		4,011			0.5	1,193		0.1
Other charges (income), net		(3,709)			(0.4)	710		0.1
Earnings before taxes		213,001			23.7	185,414		23.0
Provision for taxes		39,000			4.3	35,751		4.4
Net earnings		$	174,001		19.4	$	149,663	18.6
Basic earnings per common share:
Net earnings		$	7.64			$	6.41
Weighted average number of common shares		22,768,298				23,365,077
Diluted earnings per common share:
Net earnings		$	7.55			$	6.32
Weighted average number of common and common equivalent shares		23,040,231				23,685,665
Note:
(a)	Local currency sales increased 14% as compared to the same period in 2021.
RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING PROFIT
		Three months ended				Three months ended
		March 31, 2022			% of sales	March 31, 2021		% of sales
Earnings before taxes		$	213,001			$	185,414
Amortization		16,604				13,884
Interest expense		11,338				9,471
Restructuring charges		4,011				1,193
Other charges (income), net		(3,709)				710
Adjusted operating profit		$	241,245	(b)	26.9	$	210,672	26.2
Note:
(b)	Adjusted operating profit increased 15% as compared to the same period in 2021.

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METTLER-TOLEDO INTERNATIONAL INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(amounts in thousands)

(unaudited)

	March 31, 2022		December 31, 2021
Cash and cash equivalents	$	116,949	$	98,564
Accounts receivable, net	617,880		647,335
Inventories	446,490		414,543
Other current assets and prepaid expenses	128,567		108,916
Total current assets	1,309,886		1,268,358
Property, plant and equipment, net	787,472		799,365
Goodwill and other intangible assets, net	955,197		956,072
Other non-current assets	303,628		302,003
Total assets	$	3,356,183	$	3,326,798
Short-term borrowings and maturities of long-term debt	$	105,262	$	101,134
Trade accounts payable	259,352		272,911
Accrued and other current liabilities	722,799		772,493
Total current liabilities	1,087,413		1,146,538
Long-term debt	1,766,832		1,580,808
Other non-current liabilities	417,368		428,031
Total liabilities	3,271,613		3,155,377
Shareholders’ equity	84,570		171,421
Total liabilities and shareholders’ equity	$	3,356,183	$	3,326,798

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METTLER-TOLEDO INTERNATIONAL INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(amounts in thousands)

(unaudited)

		Three months ended
		March 31,
		2022		2021
Net earnings		$	174,001	$	149,663
Adjustments to reconcile net earnings to
net cash provided by operating activities:
Depreciation		11,880		10,943
Amortization		16,604		13,884
Deferred tax benefit		(1,096)		(5,068)
Share-based compensation		4,509		4,575
Decrease in cash resulting from changes in
operating assets and liabilities		(115,061)		(15,120)
Net cash provided by operating activities		90,837		158,877
Cash flows from investing activities:
Purchase of property, plant and equipment		(19,151)		(24,605)
Proceeds from government contract (a)		18,000		—
Acquisitions		(9,704)		(185,074)
Other investing activities		3743		18,226
Net cash used in investing activities		(7,112)		(191,453)
Cash flows from financing activities:
Proceeds from borrowings		684,037		827,991
Repayments of borrowings		(478,479)		(523,146)
Proceeds from exercise of stock options		5,289		5,049
Repurchases of common stock		(275,000)		(262,500)
Other financing activities		(332)		(714)
Net cash (used in) provided by financing activities		(64,485)		46,680
Effect of exchange rate changes on cash and cash equivalents		(855)		(1,704)
Net increase in cash and cash equivalents		18,385		12,400
Beginning of period		98,564		94,254
End of period		$	116,949	$	106,654
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED FREE CASH FLOW
Net cash provided by operating activities		$	90,837	$	158,877
Payments in respect of restructuring activities		1,914		4,573
Payments for acquisition costs		174		117
Purchase of property, plant and equipment (a)		(17,472)		(24,605)
Adjusted free cash flow		$	75,453	$	138,962
Note:
(a)	In September 2021, the Company entered into an agreement with the U.S. Department of Defense to increase the domestic production capacity of pipette tips and enhance manufacturing automation and logistics. The Company will receive funding of $35.8 million, which will offset future capital expenditures. For the three months ended March 31, 2022, the funding proceeds of $18.0M and related purchase of property, plant and equipment of $1.7M are excluded from Adjusted free cash flow.

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METTLER-TOLEDO INTERNATIONAL INC.

OTHER OPERATING STATISTICS

SALES GROWTH BY DESTINATION
(unaudited)
		Europe		Americas				Asia/RoW				Total
U.S. Dollar Sales Growth
	Three Months Ended March 31, 2022	3	%	16		%		14		%		12	%
Local Currency Sales Growth
	Three Months Ended March 31, 2022	10	%	16		%		15		%		14	%
RECONCILIATION OF DILUTED EPS AS REPORTED TO ADJUSTED DILUTED EPS
(unaudited)
				Three months ended
				March 31,
				2022				2021				% Growth
EPS as reported, diluted				$	7.55			$	6.32			19%
Purchased intangible amortization, net of tax				0.22			(a)	0.12			(a)
Restructuring charges, net of tax				0.14			(b)	0.04			(b)
Acquisition costs, net of tax				0.02			(c)	0.10			(c)
Income tax expense				(0.06)			(d)	(0.02)			(d)
Adjusted EPS, diluted				$	7.87			$	6.56			20%
Notes:
(a)	Represents the EPS impact of purchased intangibles amortization of $6.6 million ($5.1 million after tax) and $3.8 million ($2.9 million after tax) for the three months ended March 31, 2022 and 2021, respectively.
(b)	Represents the EPS impact of restructuring charges of $4.0 million ($3.2 million after tax) and $1.2 million ($1.0 million after tax) for the three months ended March 31, 2022 and 2021, respectively, which primarily include employee related costs.
(c)	Represents the EPS impact of acquisition costs of $0.5 million ($0.4 million after tax) and $2.8 million ($2.3 million after tax) for the three months ended March 31, 2022 and 2021, respectively.
(d)	Represents the EPS impact of the difference between our quarterly and estimated annual tax rate before non-recurring discrete items during the three months ended March 31, 2022 and 2021 due to the timing of excess tax benefits associated with stock option exercises.

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Cover [Abstract]
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City Area Code	614
Document Period End Date	May 05, 2022
Document Type	8-K
Entity Address, Address Line One	1900 Polaris Parkway
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Entity Incorporation, State or Country Code	DE
Entity Registrant Name	Mettler-Toledo International Inc.
Entity Tax Identification Number	13-3668641
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Pre-commencement Tender Offer	false
Title of 12(b) Security	Common Stock, $0.01 par value
Security Exchange Name	NYSE
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