Waters Corp. (WAT) PT Lowered to $320 at Evercore ISI
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Waters Corporation (NYSE: WAT) Reports First Quarter 2024 Financial Results
May 7, 2024 6:50 AM EDTHighlights
Sales of $637 million at the high-end of guidance, declined 7% as reported and 9% in organic constant currencyGAAP EPS of $1.72; earnings well above guidance, with non-GAAP EPS of $2.21Operational excellence drove gross margin expansion of 40 basis points and adjusted operating margin expansion of 20 basis pointsStrong operating cash flow generation at $263 million; free cash flow of $234 million was 37% of sales Full-year guidance maintained at -0.5% to +1.5% organic constant currency sales growth and... More