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Waters 1Q Net Up 25% As Sales Keep Climbing

DOW JONES NEWSWIRES Waters Corp.'s (WAT) first-quarter profit jumped 25%, topping expectations, as sales climbed. The laboratory-equipment maker has reported improved results in recent quarters as demand has increased. Chairman and Chief Executive Douglas Berthiaume said the company's Asian business continued to expand while the pharmaceuticals market was benefiting from "an overall healthier spending environment." Waters reported earnings of $94.5 million, or $1.01 a share, up from $75.5 million, or 79 cents, a year earlier. Excluding restructuring costs, asset write-downs and tax benefits, earnings climbed to $1.04 a share from 81 cents. Sales rose for the sixth straight quarter, climbing 16% to $427.6 million, or 14% on a currency neutral basis. The company in January projected earnings of 90 cents to 95 cents on revenue of $400.8 million to $404.5 million. Gross margin remained at 60.3%. Shares closed Monday at $90.73 and were inactive premarket. The stock is up 30% over the past year. -By Ian Thomson, Dow Jones Newswires; 212-416-2314; ian.thomson@dowjones.com

Stock News for Waters (WAT)
DateTimeHeadline
06/25/201510:24:04Waters Appoints Medtronic Veteran as New CEO
06/25/201509:16:06Current Report Filing (8-k)
06/25/201509:15:00Waters Corporation Announces Christopher J. O'Connell as Chief...
06/23/201515:17:23Annual Report of Employee Stock Plans (11-k)
06/19/201514:58:07Statement of Changes in Beneficial Ownership (4)
06/15/201500:01:00Waters Introduces the New ACQUITY Arc System, Designed as a Bridge...
06/11/201511:03:00Waters Welcomes Chang Gung University as Taiwan’s First Centers o...
06/11/201511:00:00Agilent Technologies and Waters Corporation Formalize Instrument...
06/04/201513:05:00Waters Corporation Presentation at the Goldman Sachs 36th Annual...
05/29/201508:39:59Specialized Disclosure Report (sd)
05/27/201508:33:00Waters Brings Novel Separations and Ionization Technologies to...
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201506:32:55Statement of Changes in Beneficial Ownership (4)
05/14/201509:41:34Current Report Filing (8-k)
05/11/201514:52:00Waters Corporation Presentation at the UBS 2015 Global Healthcare...
05/08/201509:30:34Quarterly Report (10-q)
05/06/201510:55:00Waters Corporation Presentation at the Bank of America Merrill...
05/04/201510:21:40Statement of Changes in Beneficial Ownership (4)
05/04/201510:00:00Waters Introduces eDATA 2.0 Proficiency Testing Portal for Environmental...
05/04/201509:52:57Statement of Changes in Beneficial Ownership (4)

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