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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
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)
04/01/201508:37:59Proxy Statement (definitive) (def 14a)
03/26/201503:20:53Top Large Cap Stocks That Investors Can Buy Now
03/12/201517:13:00Waters Full Spectrum Molecular Imaging and ACQUITY UPLC System...
03/09/201508:35:00Waters Highlights New Capabilities in Molecular Imaging, Laboratory...
03/05/201510:03:01Statement of Changes in Beneficial Ownership (4)
03/04/201510:00:46Statement of Changes in Beneficial Ownership (4)
03/04/201509:57:13Statement of Changes in Beneficial Ownership (4)
02/27/201512:56:39Statement of Changes in Beneficial Ownership (4)
02/27/201512:51:45Statement of Changes in Beneficial Ownership (4)
02/27/201510:45:10Annual Report (10-k)
02/24/201511:01:00Waters Corporation Presentation at the Cowen and Company 35th...
02/18/201515:01:43Statement of Changes in Beneficial Ownership (4)
02/18/201514:56:25Statement of Changes in Beneficial Ownership (4)
02/17/201508:44:56Amended Statement of Ownership (sc 13g/a)

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