July 31 (Reuters) - Mettler-Toledo International ( MTD )
raised its profit forecast for the year on Thursday, after
posting better-than-expected second-quarter results, driven by
strong demand for its laboratory instruments used in drug
development.
The Columbus, Ohio-based company forecast 2025 adjusted
profit in the range of $42.10 to $42.60 per share, compared with
its previous projection of $41.25 to $42. Analysts were
expecting a profit of $41.60 per share, according to data
compiled by LSEG.
The company said its full-year forecast accounts for a 4%
impact from earlier shipping delays and an additional 4% drag
from higher tariffs, although it expects most of the tariff
costs to be offset by mitigation efforts this year.
Mettler-Toledo ( MTD ) also said that it was now expecting
third-quarter adjusted profit in the range of $10.55 to $10.75
per share, compared with estimates of $10.47 apiece.
The firm's second-quarter sales came in at $983.22 million,
surpassing analysts' estimate of $957.9 million.
On an adjusted basis, Mettler-Toledo ( MTD ) earned a profit of
$10.09 per share for the quarter ending June 30, topping
analysts' estimates of $9.61 each.
The company designs and produces precision instruments,
including laboratory balances, industrial scales, analytical
instruments, and product inspection systems, which are used
across sectors like pharmaceuticals, food processing, and
chemicals.
(Reporting by Padmanabhan Ananthan in Bengaluru; Editing by
Anil D'Silva)