Waters Q1 2020 Earnings Report
Key Takeaways
Waters Corporation reported a 10% decrease in sales to $465 million for Q1 2020, with GAAP EPS decreasing to $0.86 and non-GAAP EPS decreasing to $1.15. The company implemented cost reduction plans and revised capital deployment plans in response to COVID-19 uncertainties.
Sales declined by 10% to $465 million, or 8% in constant currency.
GAAP EPS was $0.86, while non-GAAP EPS was $1.15, a 28% decrease from the previous year.
A cost reduction plan of approximately $100 million for the year was implemented.
Full-year 2020 financial guidance was withdrawn due to COVID-19 uncertainties.
Waters
Waters
Waters Revenue by Geographic Location
Forward Guidance
Waters withdrew its full-year 2020 financial guidance due to the evolving and significant uncertainties related to the impact of the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income