Mettler-Toledo International Inc.: Mettler's Resilient Performance and Reduced Share Count Lead to Valuation Boost

Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences (50% of sales), industrial (42%), and food retail industries (8%). Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with sales distribution roughly as follows: the United States around 30% of sales, Western Europe around 20%, Switzerland around 20%, China around 20%, and the rest of the world around 10%.