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Waters 4Q Net Up 22% As Sales Rise; Results Top Views

DOW JONES NEWSWIRES Waters Corp.'s (WAT) fourth-quarter profit rose 22% and adjusted earnings topped its upbeat forecast as sales climbed and margins improved. The laboratory-equipment maker has reported improved results in recent quarters as demand has increased. Chairman and Chief Executive Douglas Berthiaume said Tuesday "strong uptake of our new system offerings, continued business expansion in Asian markets and an improvement in economic conditions drove sales growth" in the latest period. Waters posted a profit of $126.6 million, or $1.36 a share, up from $104.1 million, or $1.08 a share, a year earlier. Amortization of purchased intangibles and restructuring charges cut the latest-quarter's profit by 2 cents and the prior-year result by 4 cents. The company in October had forecast a profit of $1.28 to $1.33, exceeding analysts' estimates at the time. Net sales jumped 13% to $483.6 million. Analysts polled by Thomson Reuters had expected $465 million. Gross margin widened to 60.9% from 60.3%. Shares closed Monday at $78.26 and were inactive in premarket trading. Through the latest close, the stock is up 32% over the past year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com

Stock News for Waters (WAT)
DateTimeHeadline
02/12/201614:25:56Statement of Changes in Beneficial Ownership (4)
02/12/201611:27:53Amended Statement of Ownership (sc 13g/a)
02/11/201613:38:46Statement of Changes in Beneficial Ownership (4)
02/11/201613:18:34Statement of Changes in Beneficial Ownership (4)
02/11/201613:16:22Statement of Changes in Beneficial Ownership (4)
02/11/201613:12:19Statement of Changes in Beneficial Ownership (4)
02/11/201612:59:52Initial Statement of Beneficial Ownership (3)
02/11/201612:57:15Initial Statement of Beneficial Ownership (3)
02/11/201612:51:37Initial Statement of Beneficial Ownership (3)
02/11/201610:48:12Amended Statement of Ownership (sc 13g/a)
02/11/201609:00:00Waters and BioCity Debut New Open Access Analytical Laboratory...
02/10/201610:31:55Amended Statement of Ownership (sc 13g/a)
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...

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