Mettler-Toledo International makes precision instruments, including laboratory balances, industrial scales and analytical instruments used in pharmaceutical, food, chemical and other manufacturing and research applications. Its precision measurement instruments are used across laboratory research, industrial quality control and food safety testing, applications where accurate, reliable measurement is essential to the underlying scientific or manufacturing process. Mettler-Toledo's revenue includes recurring service and calibration contracts tied to its installed base of precision instruments, giving it a recurring revenue component layered on top of the upfront equipment sales. The company's growth is tied to pharmaceutical and life sciences research spending, industrial manufacturing quality control needs, and food safety testing requirements across the many industries that rely on precision measurement instruments.