Welcome to the Waters Corporation Third Quarter 2024 Financial Results!

Highlights

Sales of $740 million exceeded guidance, growing 4% as reported and in constant currency. Instruments returned to growth, with recurring revenue growing in high single-digits in constant currency. All reported regions returned to growth in the quarter, with sales across all end markets, led by Pharma & Industrial.

Earnings Per Share

GAAP EPS of $2.71 and non-GAAP EPS of $2.93 significantly exceeded guidance, driven by strong operational performance and better-than-expected market conditions. The company has raised its full-year sales and EPS guidance, with 5% to 7% constant currency growth expected in the fourth quarter.

Impact Analysis

How will this affect me?

As a shareholder or employee of Waters Corporation, these results bode well for potential returns and job security. The company’s strong performance and raised guidance indicate a positive outlook for the future.

How will this affect the world?

Waters Corporation’s financial success reflects positively on the broader economy, demonstrating growth and stability in the industry. This can have ripple effects on related businesses and markets.

Conclusion

In conclusion, Waters Corporation’s third quarter 2024 financial results showcase a strong performance that exceeded expectations. The company’s growth in sales, earnings per share, and recurring revenue is a promising sign for both stakeholders and the industry at large.