Exhibit



FOR IMMEDIATE RELEASE		Exhibit 99.1

METTLER-TOLEDO INTERNATIONAL INC. REPORTS

THIRD QUARTER 2019 RESULTS

COLUMBUS, Ohio, USA - November 7, 2019 - Mettler-Toledo International Inc. (NYSE: MTD) today announced third quarter results for 2019. Provided below are the highlights:


•	Reported sales increased 3% compared with the prior year. In local currency, sales increased 4% in the quarter as currency reduced sales growth by 1%.


•	Net earnings per diluted share as reported (EPS) were $5.20, compared with $4.93 in the prior-year period. Adjusted EPS was $5.77, an increase of 13% over the prior-year amount of $5.12. Adjusted EPS is a non-GAAP measure, and we have included a reconciliation to EPS on the last page of the attached schedules.

Quarterly Results

Olivier Filliol, President and Chief Executive Officer, stated, "Local currency sales growth in the quarter excluding Food Retail, was 6%, with excellent growth in the Americas and solid growth in Europe and Asia/Rest of World. Despite continued challenges from the impact of adverse currency and tariff costs, we achieved strong margin improvement and earnings growth in the quarter."

GAAP Results

EPS in the quarter was $5.20, compared with the prior-year amount of $4.93.

Compared with the prior year, total reported sales increased 3% to $753.9 million. By region, reported sales increased 6% in the Americas and 2% in Asia/Rest of World. Reported sales in Europe declined by 2%. Earnings before taxes amounted to $169.4 million, compared with $160.4 million in the prior year.

Non-GAAP Results

Adjusted EPS was $5.77, an increase of 13% over the prior-year amount of $5.12.

Compared with the prior year, total sales in local currency increased 4% as currency reduced reported sales growth by 1%. By region, local currency sales increased 7% in the Americas, 2% in Europe and 4% in Asia/Rest of World. Adjusted Operating Profit amounted to $196.2 million, an 8% increase from the prior-year amount of $182.0 million.

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

Year-to-Date Results

GAAP Results

EPS was $14.67, compared with the prior-year amount of $12.81.

Compared with the prior year, total reported sales increased 2% to $2.165 billion. By region, reported sales increased 5% in the Americas and 3% in Asia/Rest of World. Reported sales in Europe declined 2%. Earnings before taxes amounted to $450.3 million, compared with $421.4 million in the prior year.

Non-GAAP Results

Adjusted EPS was $15.02, an increase of 11% over the prior-year amount of $13.50.

Compared with the prior year, total sales in local currency increased 5% as currency reduced reported sales growth by 1%. By region, local currency sales increased 5% in the Americas, 3% in Europe and 7% in Asia/Rest of World. Adjusted Operating Profit amounted to $521.8 million, a 6% increase from the prior-year amount of $490.8 million.

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

Outlook

Based on today's assessment of market conditions, management anticipates that local currency sales growth in the fourth quarter 2019 will be approximately 3%, and Adjusted EPS is forecasted to be in the range of $7.66 to $7.71, an increase of 12% to 13%.

For the full year 2019, local currency sales growth is expected to be approximately 5%. This sales growth is expected to result in Adjusted EPS in the range of $22.65 to $22.70, an increase of 11% to 12%.

The Company said that based on its assessment of market conditions today, management anticipates local currency sales growth in 2020 will be approximately 4%. This sales growth is expected to result in Adjusted EPS in the range of $24.85 to $25.10. Using the mid-point of 2019 guidance, this would result in Adjusted EPS growth of 10% to 11%.

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. The Company noted in making its outlook that uncertainty remains in the macroeconomic environment and market conditions are subject to change.

Conclusion

Filliol concluded, "We continue to benefit from our growth initiatives including investments in our field force, Spinnaker sales and marketing programs and new product launches. With the exception of Food Retail, demand in our markets is solid and we have generated good growth. As we look to 2020, we remain confident in the factors we can control - namely executing on our growth initiatives to continue to gain market share - but acknowledge greater uncertainty in the macroeconomic environment. We also believe that our margin and productivity initiatives will continue to yield tangible results. Based on market conditions today, we believe we can deliver strong results in 2019 and 2020."

Other Matters

The Company will host a conference call to discuss its quarterly results today (Thursday, November 7) 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. These statements involve known and unknown risks, uncertainties and other factors that may cause our or our businesses’ actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements. 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” or the negative of those terms or other comparable terminology. For a discussion of these risks and uncertainties, please see the discussion on forward-looking statements in our current report on Form 10-K. All of the forward-looking statements are qualified in their entirety by reference to the factors discussed under the caption “Factors affecting our future operating results” and in the “Business” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our annual report on Form 10-K for the most recently completed fiscal year, which describe risks and factors that could cause results to differ materially from those projected in those forward-looking statements.

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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
		September 30, 2019				% of sales		September 30, 2018			% of sales

Net sales		$	753,866		(a)	100.0		$	734,846		100.0
Cost of sales		318,810				42.3		315,592			42.9
Gross profit		435,056				57.7		419,254			57.1
								.
Research and development		36,015				4.8		34,838			4.7
Selling, general and administrative		202,826				26.9		202,451			27.6
Amortization		12,329				1.6		11,856			1.6
Interest expense		9,800				1.3		9,003			1.2
Restructuring charges		6,732				0.9		2,222			0.3
Other charges (income), net		(2,005		)		(0.3	)	(1,479		)	(0.1	)
Earnings before taxes		169,359				22.5		160,363			21.8

Provision for taxes		39,964				5.3		33,710			4.6
Net earnings		$	129,395			17.2		$	126,653		17.2

Basic earnings per common share:
Net earnings		$	5.28					$	5.04
Weighted average number of common shares		24,487,268						25,126,061

Diluted earnings per common share:
Net earnings		$	5.20					$	4.93
Weighted average number of common and common equivalent shares		24,880,179						25,683,365

Note:
(a)	Local currency sales increased 4% as compared to the same period in 2018.

RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING PROFIT

		Three months ended						Three months ended
		September 30, 2019				% of sales		September 30, 2018			% of sales

Earnings before taxes		$	169,359					$	160,363
Amortization		12,329						11,856
Interest expense		9,800						9,003
Restructuring charges		6,732						2,222
Other charges (income), net		(2,005		)				(1,479		)
Adjusted operating profit		$	196,215		(b)	26.0		$	181,965		24.8

Note:
(b)	Adjusted operating profit increased 8% as compared to the same period in 2018.

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METTLER-TOLEDO INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF OPERATIONS (amounts in thousands except share data) (unaudited)


		Nine months ended						Nine months ended
		September 30, 2019				% of sales		September 30, 2018			% of sales

Net sales		$	2,164,684		(a)	100.0		$	2,117,663		100.0
Cost of sales		921,771				42.6		910,851			43.0
Gross profit		1,242,913				57.4		1,206,812			57.0

Research and development		108,650				5.0		104,866			5.0
Selling, general and administrative		612,466				28.3		611,149			28.9
Amortization		36,877				1.7		35,561			1.7
Interest expense		27,776				1.3		25,671			1.2
Restructuring charges		11,146				0.5		13,956			0.6
Other charges (income), net		(4,253		)		(0.2	)	(5,795		)	(0.3	)
Earnings before taxes		450,251				20.8		421,404			19.9

Provision for taxes		81,891				3.8		89,979			4.2
Net earnings		$	368,360			17.0		$	331,425		15.7

Basic earnings per common share:
Net earnings		$	14.93					$	13.10
Weighted average number of common shares		24,677,546						25,296,680

Diluted earnings per common share:
Net earnings		$	14.67					$	12.81
Weighted average number of common and common equivalent shares		25,103,173						25,877,979

Note:
(a)	Local currency sales increased 5% as compared to the same period in 2018.

RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING PROFIT

		Nine months ended						Nine months ended
		September 30, 2019				% of sales		September 30, 2018			% of sales

Earnings before taxes		$	450,251					$	421,404
Amortization		36,877						35,561
Interest expense		27,776						25,671
Restructuring charges		11,146						13,956
Other charges (income), net		(4,253		)				(5,795		)
Adjusted operating profit		$	521,797		(b)	24.1		$	490,797		23.2

Note:
(b)	Adjusted operating profit increased 6% as compared to the same period in 2018.

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METTLER-TOLEDO INTERNATIONAL INC. CONDENSED CONSOLIDATED BALANCE SHEETS (amounts in thousands) (unaudited)


		September 30, 2019			December 31, 2018

Cash and cash equivalents		$	120,534		$	178,110
Accounts receivable, net		503,247			535,528
Inventories		280,978			268,821
Other current assets and prepaid expenses		59,049			63,401
Total current assets		963,808			1,045,860

Property, plant and equipment, net		722,592			717,526
Goodwill and other intangible assets, net		740,595			752,088
Other non-current assets		208,874		(a)	103,373
Total assets		$	2,635,869		$	2,618,847

Short-term borrowings and maturities of long-term debt		$	48,577		$	49,670
Trade accounts payable		148,220			196,641
Accrued and other current liabilities		522,458		(a)	488,123
Total current liabilities		719,255			734,434

Long-term debt		1,124,279			985,021
Other non-current liabilities		354,034		(a)	309,329
Total liabilities		2,197,568			2,028,784

Shareholders’ equity		438,301			590,063
Total liabilities and shareholders’ equity		$	2,635,869		$	2,618,847

(a)	Includes a lease right-of-use asset of $88.2 million, a short-term lease liability of $26.9 million and a long-term lease liability of $62.0 million in accordance with ASC 842 "Leases" that went into effect on January 1, 2019.

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METTLER-TOLEDO INTERNATIONAL INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (amounts in thousands) (unaudited)


	Three months ended						Nine months ended
	September 30,						September 30,
	2019			2018			2019			2018

Cash flow from operating activities:
Net earnings	$	129,395		$	126,653		$	368,360		$	331,425
Adjustments to reconcile net earnings to
net cash provided by operating activities:
Depreciation	9,958			9,283			29,348			27,889
Amortization	12,329			11,856			36,877			35,561
Deferred tax expense (benefit)	(3,082		)	(1,792		)	(17,963		)	(11,901		)
Other	4,465			2,763			13,255			9,799
Increase (decrease) in cash resulting from changes in
operating assets and liabilities	22,811			911			(28,136		)	(26,340		)
Net cash provided by operating activities	175,876			149,674			401,741			366,433
Cash flows from investing activities:
Proceeds from sale of property, plant and equipment	32			3,279			1,248			7,809
Purchase of property, plant and equipment	(26,928		)	(35,079		)	(71,627		)	(96,665		)
Acquisitions	(1,500		)	(4,462		)	(2,004		)	(4,962		)
Net hedging settlements on intercompany loans	(2,873		)	(7,822		)	(4,099		)	(780		)
Net cash used in investing activities	(31,269		)	(44,084		)	(76,482		)	(94,598		)
Cash flows from financing activities:
Proceeds from borrowings	168,881			169,094			807,711			772,274
Repayments of borrowings	(128,066		)	(201,180		)	(660,795		)	(703,704		)
Proceeds from exercise of stock options	159			4,817			37,916			14,777
Repurchases of common stock	(186,250		)	(118,750		)	(558,749		)	(356,249		)
Acquisition contingent consideration payment	—			—			(10,000		)	—
Other financing activities	—			(29		)	1,753			(1,664		)
Net cash used in financing activities	(145,276		)	(146,048		)	(382,164		)	(274,566		)

Effect of exchange rate changes on cash and cash equivalents	(3,236		)	(5,284		)	(671		)	(8,508		)

Net decrease in cash and cash equivalents	(3,905		)	(45,742		)	(57,576		)	(11,239		)

Cash and cash equivalents:
Beginning of period	124,439			183,190			178,110			148,687
End of period	$	120,534		$	137,448		$	120,534		$	137,448

RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED FREE CASH FLOW

Net cash provided by operating activities	$	175,876		$	149,674		$	401,741		$	366,433
Payments in respect of restructuring activities	2,604			3,292			9,450			16,701
Payments for acquisition costs	—			140			—			140
Transition tax payment	—			—			4,289			4,200
Proceeds from sale of property, plant and equipment	32			3,279			1,248			7,809
Purchase pf property, plant and equipment	(26,928		)	(35,079		)	(71,627		)	(96,665		)
Adjusted free cash flow	$	151,584		$	121,306		$	345,101		$	298,618

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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 (Decrease)
	Three Months Ended September 30, 2019				(2%)			6%	2%				3%
	Nine Months Ended September 30, 2019				(2%)			5%	3%				2%

Local Currency Sales Growth (Decrease)
	Three Months Ended September 30, 2019				2%			7%	4%				4%
	Nine Months Ended September 30, 2019				3%			5%	7%				5%

RECONCILIATION OF DILUTED EPS AS REPORTED TO ADJUSTED DILUTED EPS
(unaudited)

		Three months ended							Nine months ended
		September 30,							September 30,
		2019			2018			% Growth	2019				2018				% Growth

EPS as reported, diluted		$	5.20		$	4.93		5%	$	14.67			$	12.81			15%

Restructuring charges, net of tax		0.22		(a)	0.07		(a)		0.36			(a)	0.42			(a)
Purchased intangible amortization, net of tax		0.11		(b)	0.10		(b)		0.32			(b)	0.29			(b)
Income tax expense		0.24		(c)	0.02		(c)		(0.33		)	(c)	(0.02		)	(c)

Adjusted EPS, diluted		$	5.77		$	5.12		13%	$	15.02			$	13.50			11%

Notes:
(a)	Represents the EPS impact of restructuring charges of $6.7 million ($5.4 million after tax) and $2.2 million ($1.7 million after tax) for the three months ended September 30, 2019 and 2018, and $11.1 million ($8.9 million after tax) and $14.0 million ($10.9 million after tax) for the nine months ended September 30, 2019 and 2018, respectively, which primarily include employee related costs.
(b)	Represents the EPS impact of purchased intangibles amortization, net of tax, of $3.7 million ($2.8 million after tax) and $3.4 million ($2.5 million after tax) for the three months ended September 30, 2019 and 2018, and $10.6 million ($8.0 million after tax) and $10.0 million ($7.5 million after tax) for the nine months ended September 30, 2019 and 2018, respectively.
(c)	Represents the EPS impact of the difference between our reported and estimated annual tax rate during the three and nine months ending September 30, 2019 and 2018, due to the timing of excess tax benefits associated with stock option exercises.

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