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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
07/14/201608:30:00VICAM, a Waters Business, Receives 2016 North American Food Safety...
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)
05/16/201604:00:00Waters Introduces Xevo TQ-XS, the Most Sensitive Benchtop Mass...
05/13/201612:38:44Current Report Filing (8-k)

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