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Stock impact report

Waters Corporation (NYSE: WAT) Reports First Quarter 2020 Financial Results

Waters Corporation (WAT) 
Last waters corporation earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: Business Wire
Provides Update on COVID-19 Business Impact and Response Plan Sales of $465 million declined 10% as reported and 8% in constant currencyGAAP EPS of $0.86; non-GAAP EPS of $1.15, a 28% decrease from prior yearImplemented cost reduction plan of approximately $100 million for the year Revised 2020 capital deployment plans to improve cash flow by an estimated $45 millionRepurchased $187 million of shares; suspending repurchases in second quarterWithdrawing full-year 2020 financial guidance due to COVID-19 uncertainties MILFORD, Mass.--(BUSINESS WIRE)--Waters Corporation (NYSE:WAT) today announced first quarter 2020 sales of $465 million, a 10% decrease as reported, compared to sales of $514 million for the first quarter of 2019. Foreign currency translation negatively impacted sales growth by approximately 2% for the quarter. Our results were primarily impacted by lower demand in China due to the COVID-19 pandemic which impacted total sales negatively by approximately 8% in constant cu Show less Read more
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