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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; [email protected]

Stock News for Waters (WAT)
DateTimeHeadline
02/21/201713:13:13Statement of Changes in Beneficial Ownership (4)
02/21/201713:09:40Statement of Changes in Beneficial Ownership (4)
02/21/201713:07:23Statement of Changes in Beneficial Ownership (4)
02/16/201709:06:24Statement of Changes in Beneficial Ownership (4)
02/14/201713:37:00Waters Corporation Announces 2017 Investor Day and Webcast
02/14/201712:24:41Amended Statement of Ownership (sc 13g/a)
02/14/201709:59:41Statement of Changes in Beneficial Ownership (4)
02/14/201709:49:11Statement of Changes in Beneficial Ownership (4)
02/10/201712:59:43Amended Statement of Ownership (sc 13g/a)
02/10/201709:35:41Statement of Changes in Beneficial Ownership (4)
02/06/201709:14:40Statement of Changes in Beneficial Ownership (4)
01/27/201706:08:31Amended Statement of Ownership (sc 13g/a)
01/24/201707:01:12Current Report Filing (8-k)
01/24/201706:50:00Waters Reports Fourth Quarter and Full Year 2016 Financial Results
01/20/201709:36:35Statement of Changes in Beneficial Ownership (4)
01/18/201710:59:17Initial Statement of Beneficial Ownership (3)
01/13/201717:45:00Waters Corporation Q4 2016 Financial Results Webcast Invitation
01/05/201715:57:03Statement of Changes in Beneficial Ownership (4)
01/05/201715:54:26Statement of Changes in Beneficial Ownership (4)
01/05/201715:52:41Statement of Changes in Beneficial Ownership (4)

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