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Stock impact report

Waters Corporation (NYSE: WAT) Reports First Quarter 2024 Financial Results

Waters Corporation (WAT) 
Last waters corporation earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: PR Newswire
HighlightsSales 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 non-GAAP EPS of $11.75 to $12.05First Quarter 2024MILFORD, Mass., May 7, 2024 /PRNewswire/ -- Waters Corporation (NYSE: WAT) today announced its financial results for the first quarter of 2024.Sales for the first quarter of 2024 were $637 million, a decrease of 7% as reported, compared to sales of $685 million for the first quarter of 2023. Currency translation decreased sales by 1%, while the impact of acquisitions increased sales by 3%.On a GAAP basis, diluted earnings per s Show less Read more
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