Waters Corp. (WAT) Misses Q1 EPS by 29c, Withdraws Guidance
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Waters Corporation (NYSE: WAT) Reports First Quarter 2020 Financial Results
April 28, 2020 6:50 AM EDTProvides Update on COVID-19 Business Impact and Response PlanÂ
Sales of $465 million declined 10% as reported and 8% in constant currency GAAP EPS of $0.86; non-GAAP EPS of $1.15, a 28% decrease from prior year Implemented cost reduction plan of approximately $100 million for the year Revised 2020 capital deployment plans to improve cash flow by an estimated $45 million Repurchased $187 million of shares; suspending repurchases in second quarter Withdrawing full-year 2020 financial guidance due to COVID-19 uncertaintiesMILFORD, Mass.--(BUSINESS WIRE)-- Waters... More
