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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;

Stock News for Waters (WAT)
07/26/201607:02:00Current Report Filing (8-k)
07/26/201606:50:00Waters Reports Second Quarter 2016 Financial Results
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07/06/201613:40:00Waters Corporation Q2 2016 Financial Results Webcast Invitation
07/05/201613:09:22Statement of Changes in Beneficial Ownership (4)
07/05/201613:06:35Statement of Changes in Beneficial Ownership (4)
07/05/201613:02:50Statement of Changes in Beneficial Ownership (4)
06/24/201611:28:10Annual Report of Employee Stock Plans (11-k)
06/22/201611:10:00MultiModal Molecular Imaging Institute at Maastricht University...
06/21/201617:12:00Waters Collaborates with Singapore’s Bioprocessing Technology I...
06/06/201610:48:00Waters Announces New Reference Library for Metabolite Profiling...
06/03/201612:56:19Statement of Changes in Beneficial Ownership (4)
06/03/201612:50:15Statement of Changes in Beneficial Ownership (4)
06/02/201608:30:00Waters New Symphony Data Pipeline Software for Personalized Data...
06/01/201615:20:00Waters Corporation Presentation at the Goldman Sachs 37th Annual...
05/25/201613:56:53Statement of Changes in Beneficial Ownership (4)
05/25/201611:58:02Specialized Disclosure Report (sd)
05/17/201612:25:39Statement of Changes in Beneficial Ownership (4)
05/16/201615:58:00Waters Corporation Presentation at the UBS Global Healthcare...
05/16/201609:56:00Statement of Changes in Beneficial Ownership (4)

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