Exhibit



FOR IMMEDIATE RELEASE		Exhibit 99.1

METTLER-TOLEDO INTERNATIONAL INC. REPORTS

FIRST QUARTER 2019 RESULTS

COLUMBUS, Ohio, USA - May 9, 2019 - Mettler-Toledo International Inc. (NYSE: MTD) today announced first quarter results for 2019. Provided below are the highlights:


•	Reported sales increased 3% compared with the prior year. In local currency, sales increased 7% in the quarter as currency reduced sales growth by 4%.


•	Net earnings per diluted share as reported (EPS) were $4.42, compared with $3.58 in the prior-year period. Adjusted EPS was $4.10, an increase of 10% over the prior-year amount of $3.74. Adjusted EPS is a non-GAAP measure, and we have included a reconciliation to EPS on the last page of the attached schedules.

First Quarter Results

Olivier Filliol, President and Chief Executive Officer, stated, "Sales growth was very strong in the quarter with excellent growth in our Laboratory and Industrial product lines. Sales growth in Europe and China was strong while growth in the Americas, excluding Food Retail, was good. Our productivity and margin initiatives continue to yield tangible results, and despite the adverse impact of currency and tariff costs, we achieved a strong increase in earnings growth."

GAAP Results

EPS in the quarter was $4.42, compared with the prior-year amount of $3.58.

Compared with the prior year, total reported sales increased 3% to $679.5 million. By region, reported sales increased 3% in the Americas, 2% in Europe and 4% in Asia/Rest of World. Earnings before taxes amounted to $125.7 million, compared with $117.4 million in the prior year.

Non-GAAP Results

Adjusted EPS was $4.10, an increase of 10% over the prior-year amount of $3.74.

Compared with the prior year, total sales in local currency increased 7% as currency reduced reported sales growth by 4%. By region, local currency sales increased 3% in the Americas, 9% in Europe and 9% in Asia/Rest of World. Adjusted Operating Profit amounted to $147.8 million, a 6% increase from the prior-year amount of $139.5 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 said that based on its assessment of market conditions today, management anticipates local currency sales growth in 2019 will be approximately 5.5%. This sales growth is expected to result in Adjusted EPS in the range of $22.55 to $22.75, a growth rate of 11% to 12%. Previously, the Company provided guidance for Adjusted EPS in the range of $22.50 to $22.70.

Based on today's assessment of market conditions, management anticipates that local currency sales growth in the second quarter 2019 will be approximately 5.5%, and Adjusted EPS is forecasted to be in the range of $5.05 to $5.10, an increase of 9% to 10%.

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 economic uncertainty remains in certain regions of the world and market conditions are subject to change.

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Conclusion

Filliol concluded, "Demand in our markets remains favorable and our growth initiatives continue to yield tangible results. While we acknowledge uncertainties in global economic data, we assume market conditions will remain favorable. We are confident in our ability to execute on our investments in our field force, Spinnaker sales and marketing programs and new product launches. With the benefit of these growth initiatives, we believe we are well positioned to continue to gain market share. We will continue to face currency and tariff headwinds, particularly in the second quarter. However, with the benefit of our growth, margin and productivity initiatives, we believe we can deliver strong results in 2019."

Other Matters

The Company will host a conference call to discuss its quarterly results today (Thursday, May 9) 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
		March 31, 2019				% of sales	March 31, 2018			% of sales
Net sales		$	679,452		(a)	100.0	$	660,821		100.0
Cost of sales		291,133				42.8	285,888			43.3
Gross profit		388,319				57.2	374,933			56.7

Research and development		36,053				5.3	34,713			5.3
Selling, general and administrative		204,425				30.1	200,674			30.4
Amortization		12,222				1.8	11,735			1.8
Interest expense		9,094				1.3	8,359			1.2
Restructuring charges		1,523				0.2	4,413			0.6
Other charges (income), net		(674		)		(0.0)	(2,400		)	(0.4)
Earnings before taxes		125,676				18.5	117,439			17.8

Provision for taxes		13,871				2.0	24,135			3.7
Net earnings		$	111,805			16.5	$	93,304		14.1

Basic earnings per common share:
Net earnings		$	4.50				$	3.66
Weighted average number of common shares		24,851,340					25,468,323

Diluted earnings per common share:
Net earnings		$	4.42				$	3.58
Weighted average number of common and common equivalent shares		25,310,525					26,095,647

Note:
(a)	Local currency sales increased 7% as compared to the same period in 2018.

RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING PROFIT

		Three Months Ended					Three Months Ended
		March 31, 2019				% of sales	March 31, 2018			% of sales
Earnings before taxes		$	125,676				$	117,439
Amortization		12,222					11,735
Interest expense		9,094					8,359
Restructuring charges		1,523					4,413
Other charges (income), net		(674		)			(2,400		)
Adjusted operating profit		$	147,841		(b)	21.8	$	139,546		21.1

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)


	March 31, 2019			December 31, 2018

Cash and cash equivalents	$	126,480		$	178,110
Accounts receivable, net	489,281			535,528
Inventories	282,087			268,821
Other current assets and prepaid expenses	71,536			63,401
Total current assets	969,384			1,045,860

Property, plant and equipment, net	722,926			717,526
Goodwill and other intangible assets, net	749,494			752,088
Other non-current assets	194,893		(a)	103,373
Total assets	$	2,636,697		$	2,618,847

Short-term borrowings and maturities of long-term debt	$	53,798		$	49,670
Trade accounts payable	174,639			196,641
Accrued and other current liabilities	479,527		(a)	488,123
Total current liabilities	707,964			734,434

Long-term debt	1,008,485			985,021
Other non-current liabilities	358,498		(a)	309,329
Total liabilities	2,074,947			2,028,784

Shareholders’ equity	561,750			590,063
Total liabilities and shareholders’ equity	$	2,636,697		$	2,618,847

Note:
(a) Includes a lease right-of-use asset of $86.5 million, a short-term lease liability of $26.2 million and a long-term lease liability of $60.6 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
	March 31,
	2019			2018
Cash flow from operating activities:
Net earnings	$	111,805		$	93,304
Adjustments to reconcile net earnings to
net cash provided by operating activities:
Depreciation	9,767			9,157
Amortization	12,222			11,735
Deferred tax benefit	(14,939		)	(6,416		)
Other	4,504			3,085
Decrease in cash resulting from changes in
operating assets and liabilities	(24,564		)	(34,301		)
Net cash provided by operating activities	98,795			76,564
Cash flows from investing activities:
Proceeds from sale of property, plant and equipment	72			4,507
Purchase of property, plant and equipment	(22,404		)	(29,774		)
Acquisitions	—			(500		)
Net hedging settlements on intercompany loans	4,802			3,304
Net cash used in investing activities	(17,530		)	(22,463		)
Cash flows from financing activities:
Proceeds from borrowings	302,707			336,512
Repayments of borrowings	(271,646		)	(331,114		)
Proceeds from exercise of stock options	28,990			5,669
Repurchases of common stock	(186,250		)	(118,750		)
Acquisition contingent consideration payment	(10,000		)	—
Net cash used in financing activities	(136,199		)	(107,683		)
Effect of exchange rate changes on cash and cash equivalents	3,304			3,844
Net decrease in cash and cash equivalents	(51,630		)	(49,738		)
Cash and cash equivalents:
Beginning of period	178,110			148,687
End of period	$	126,480		$	98,949

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

Net cash provided by operating activities	$	98,795		$	76,564
Payments in respect of restructuring activities	3,692			5,242
Proceeds from sale of property, plant and equipment	72			4,507
Purchase of property, plant and equipment	(22,404		)	(29,774		)
Adjusted free cash flow	$	80,155		$	56,539

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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, 2019	2	%	3		%		4		%		3	%

Local Currency Sales Growth
	Three Months Ended March 31, 2019	9	%	3		%		9		%		7	%

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

				Three months ended
				March 31,
				2019				2018				% Growth
EPS as reported, diluted				$	4.42			$	3.58			23%

Purchased intangible amortization, net of tax				0.10			(a)	0.10			(a)
Restructuring charges, net of tax				0.05			(b)	0.13			(b)
Income tax expense				(0.47		)	(c)	(0.07		)	(c)

Adjusted EPS, diluted				$	4.10			$	3.74			10%

Notes:
(a)	Represents the EPS impact of purchased intangibles amortization, net of tax, of $2.6 million and $2.5 million for the three month periods ended March 31, 2019 and 2018, respectively.
(b)	Represents the EPS impact of restructuring charges of $1.5 million ($1.2 million after tax) and $4.4 million ($3.4 million after tax) for the three months ended March 31, 2019 and 2018, respectively, which primarily include employee related costs.
(c)	Represents the EPS impact of the difference between our quarterly and our estimated annual tax rate due to excess tax benefits associated with stock option exercises. associated with stock option exercises.

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