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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;

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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