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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;

Stock News for Waters (WAT)
11/25/201509:02:17Statement of Changes in Beneficial Ownership (4)
11/24/201509:27:13Statement of Changes in Beneficial Ownership (4)
11/23/201512:17:48Statement of Changes in Beneficial Ownership (4)
11/20/201512:55:27Statement of Changes in Beneficial Ownership (4)
11/19/201515:11:46Statement of Changes in Beneficial Ownership (4)
11/19/201515:07:52Statement of Changes in Beneficial Ownership (4)
11/18/201513:49:24Statement of Changes in Beneficial Ownership (4)
11/17/201510:06:50Statement of Changes in Beneficial Ownership (4)
11/16/201516:12:00R&D 100 Award Goes to Waters ionKey/MS System
11/10/201515:09:00Waters Corporation Presentation at the Stifel 2015 Healthcare...
11/06/201514:35:47Quarterly Report (10-q)
10/27/201507:17:29Current Report Filing (8-k)
10/27/201507:00:00Waters Reports Third Quarter 2015 Financial Results
10/21/201510:00:00Shanghai Institute of Materia Medica Honored by Waters Centers...
10/05/201516:34:00Waters Corporation Q3 2015 Financial Results Webcast Invitation
10/01/201513:57:29Statement of Changes in Beneficial Ownership (4)
10/01/201513:55:39Statement of Changes in Beneficial Ownership (4)
10/01/201513:52:51Statement of Changes in Beneficial Ownership (4)
09/22/201509:00:00Waters’ Centers of Innovation Program Honors Ohio State University L...
09/10/201512:33:40Current Report Filing (8-k)

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