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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
02/03/201611:34:00Waters Corporation Presentation at the Leerink Partners 5th Annual...
02/01/201610:00:00Waters Introduces CORTECS C8 and Phenyl 1.6 and 2.7 Micron Columns
01/26/201607:16:57Current Report Filing (8-k)
01/26/201607:00:00Waters Reports Fourth Quarter and Full Year 2015 Financial Results
01/25/201614:21:38Current Report Filing (8-k)
01/25/201606:45:00Waters Corporation Expands Executive Team
01/22/201608:35:00Waters Named 2015 "Company of the Year" by Instrument Business...
01/19/201610:00:00Waters New ProteinWorks Digest Kits Address Challenges of Protein...
01/06/201614:16:00Waters Corporation Presentation at The 34th Annual J.P. Morgan...
01/06/201610:11:57Statement of Changes in Beneficial Ownership (4)
01/06/201608:05:00Waters and BioCity to Establish an Open Access Analytical Laboratory...
01/05/201615:22:37Statement of Changes in Beneficial Ownership (4)
01/05/201615:11:00Waters Corporation Q4 2015 Financial Results Webcast Invitation
01/05/201610:55:37Statement of Changes in Beneficial Ownership (4)
01/05/201610:53:36Statement of Changes in Beneficial Ownership (4)
01/05/201610:50:08Statement of Changes in Beneficial Ownership (4)
01/05/201610:47:51Statement of Changes in Beneficial Ownership (4)
01/05/201610:45:13Statement of Changes in Beneficial Ownership (4)
01/05/201610:41:44Statement of Changes in Beneficial Ownership (4)
01/05/201610:38:18Statement of Changes in Beneficial Ownership (4)

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