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Waters Corp 3Q Profit Up 25% On Increased New-Product Shipments

DOW JONES NEWSWIRES Waters Corp. (WAT) third-quarter profit jumped 25% on improved revenue led by increased orders for its new products as results topped expectations. The maker of analytical instrument has shown improvement the past several quarters as demand has increased. For the third quarter, Chairman and Chief Executive Douglas Berthiaume said gains were "significantly driven by shipments of our new instrument systems." He added strength continued in the pharmaceutical and chemical sectors, with the Americas and Asia showing "accelerated global demand." Waters reported a profit of $94.7 million, or $1.02 a share, up from $75.9 million, or 79 cents a share, a year earlier. Excluding asset write-downs and tax adjustments, earnings rose to 98 cents a share from 81 cents. Revenue increased 7% to $401 million, and rose 9% excluding currency changes. The company in July predicted earnings of 93 cents to 97 cents a share on revenue growth of 6%, on a constant-currency basis. Gross margin widened to 59.4% from 59%. Shares closed at $73.26 Monday and didn't trade premarket. The stock has risen 18% this year. -By Jodi Xu, Dow Jones Newswires; 212-416-3037; jodi.xu@dowjones.com

Stock News for Waters (WAT)
DateTimeHeadline
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201506:32:55Statement of Changes in Beneficial Ownership (4)
05/14/201509:41:34Current Report Filing (8-k)
05/11/201514:52:00Waters Corporation Presentation at the UBS 2015 Global Healthcare...
05/08/201509:30:34Quarterly Report (10-q)
05/06/201510:55:00Waters Corporation Presentation at the Bank of America Merrill...
05/04/201510:21:40Statement of Changes in Beneficial Ownership (4)
05/04/201510:00:00Waters Introduces eDATA 2.0 Proficiency Testing Portal for Environmental...
05/04/201509:52:57Statement of Changes in Beneficial Ownership (4)
04/29/201505:45:46Waters Earns "Buy" Rating from Cantor Fitzgerald (WAT)
04/29/201503:39:40Waters Price Target Raised to $158.00 (WAT)
04/28/201507:18:07Current Report Filing (8-k)
04/28/201507:00:00Waters Reports First Quarter 2015 Financial Results
04/24/201510:11:46Current Report Filing (8-k)
04/14/201508:35:00Waters UPLC I-Class/Xevo TQ-S System Approved for In Vitro Diagnostic...
04/06/201511:00:00Waters Corporation Q1 2015 Financial Results Webcast Invitation
04/01/201516:12:46Statement of Changes in Beneficial Ownership (4)
04/01/201516:10:11Statement of Changes in Beneficial Ownership (4)
04/01/201516:07:32Statement of Changes in Beneficial Ownership (4)
04/01/201508:39:57Additional Proxy Soliciting Materials (definitive) (defa14a)

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