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Apr 02, 2022
Waters Q1 2022 Earnings Report
Waters' first quarter was marked by record sales, driven by strong instrument growth and recurring revenues.
Key Takeaways
Waters Corporation reported a strong first quarter in 2022, with sales reaching $691 million, a 13% increase as reported and 16% in constant currency. Instrument sales grew by 26% in constant currency, and non-GAAP EPS increased by 22% to $2.80. The company is raising its full-year 2022 guidance for constant currency sales growth and non-GAAP EPS.
Sales of $691 million grew 13% as reported and 16% in constant currency.
Instrument sales grew 26% in constant currency, with strong growth across LC, MS and TA product lines
All end-markets grew, with pharmaceutical and industrial both up high-teens
Broad-based sales growth across all geographies, led by U.S. which grew 28% and China grew 17% in constant currency
Revenue by Geographic Location
Forward Guidance
The Company expects second quarter 2022 constant currency sales growth in the range of 6% to 8%. Currency translation is expected to decrease second quarter sales growth by approximately four percentage points. The Company expects second quarter 2022 non-GAAP EPS in the range of $2.55 to $2.65.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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