Waters Q1 2021 Earnings Report
Key Takeaways
Waters Corporation reported a strong first quarter in 2021, with sales increasing by 31% to $609 million. GAAP EPS reached $2.37, and non-GAAP EPS was $2.29, a 99% increase year-over-year. The company saw double-digit sales growth across all end markets and geographies, with particularly strong growth in China.
Sales reached $609 million, a 31% increase as reported and 27% in constant currency.
GAAP EPS was reported at $2.37, while non-GAAP EPS was $2.29, reflecting a 99% increase from the previous year.
Adjusted free cash flow amounted to $193 million, a 60% increase from the prior year.
The company experienced double-digit sales growth across all end markets and product categories, with broad-based growth across all geographies, particularly in China.
Waters
Waters
Waters Revenue by Segment
Waters Revenue by Geographic Location
Forward Guidance
The Company expects second quarter 2021 constant-currency sales growth in the range of 14% to 16%. Currency translation is expected to increase second quarter sales growth by approximately three percentage points. The Company also expects second quarter 2021 non-GAAP EPS in the range of $2.15 to $2.25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income