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8/1/2025
Good morning and thank you for standing by. My name is Carly and I will be your conference operator today. At this time, I would like to welcome everyone to the Mettler Toledo Second Quarter 2025 Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. We ask that you please limit your questions to one question and one follow-up. Thank you. I would now like to turn the call over to Adam Ullman, Head of Investor Relations. Please go ahead.
Hey, thanks Carly and good morning everyone. Appreciate you joining us this morning. On the call with me today is Patrick Kaltenbach, our Chief Executive Officer, and Sean Vidalla, our Chief Financial Officer. Let me cover some administrative matters. This call is being webcast and is available for replay on our website at mt.com. A copy of the press release and the presentation that we will refer to on today's call is also available on our website. This call will include forward-looking statements within the meeting of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934. These statements involve risks, uncertainties, and other factors that may cause our actual results, financial condition, performance, and achievements to be materially different from those expressed or implied by any forward-looking statements. For discussion of these risks and uncertainties, see our recent annual report on Form 10-K and quarterly and current reports filed with the SEC. The company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement except as required by law. On today's call, we may use non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measure is provided in the AK and is available on our website. Let me now turn the call over to Patrick.
And thanks, Adam, and good morning, everyone. We appreciate you joining our call today. Last night, we reported our second quarter financial results, the details of which are outlined for you on page three of our presentation. We are pleased with our second quarter and experienced growth throughout most of our businesses despite challenging market conditions. Our team performed extremely well and we continue to benefit from our innovative product portfolio and strategic programs. I am proud of our team's agility as we continue to navigate uncertain market conditions and our ability to implement mitigation actions to counter the impact of tariffs. We delivered solid adjusted EPS growth in the order and continue to compete very effectively in this environment. However, global trade disputes and tariffs are still highly dynamic. And as you may have seen last night, after our press release, the US administration announced a significant increase in US tariffs on imports from Switzerland. If the tariffs stay at 39% on Switzerland, this would negatively impact yesterday's EPS guidance for this year by approximately 40 cents. We will continue to implement mitigating actions to fully offset tariffs next year. Looking further out, while we anticipated, many customers will remain cautious with their investments in the near term due to the global trade disputes and various governmental policy uncertainties. We are also very well positioned to benefit from increased investments in the future. We are confident that our unique global -to-market approach and innovative portfolio will enable us to seize these opportunities, growth opportunities. Let me now turn the call over to Sean to cover the financial results and our guidance. And then I will come back with some additional commentary on the business and our outlook. Sean.
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