Waters Corp. (WAT) Tops Q3 EPS by 28c; Offers FY23 EPS Guidance
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Waters Corporation (NYSE: WAT) Reports Third Quarter 2023 Financial Results
November 7, 2023 6:50 AM ESTHighlights
Sales of $712 million grew less than 1% as reported and declined 4% in organic constant currencyLow single-digit organic constant currency growth outside of China, led by mid-single-digit pharma growthWyatt acquisition continued its strong start, adding 4% to salesOn a GAAP basis, EPS was $2.27 and operating income margin was 25.2%Non-GAAP EPS grew 8% to $2.84, as gross margin expanded 240 basis points and adjusted operating income margin expanded 380 basis points, driven by operational... More