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Jun 27, 2020
Waters Q2 2020 Earnings Report
Waters' Q2 2020 financial performance was affected by lower demand across all major geographies due to the COVID-19 pandemic, but results reflected better-than-anticipated market conditions and strong execution.
Key Takeaways
Waters Corporation reported Q2 2020 sales of $520 million, a 13% decrease compared to Q2 2019. GAAP EPS decreased to $1.98, while non-GAAP EPS decreased to $2.10. Strong free cash flow of $175 million was reported for the quarter.
Sales of $520 million declined 13% as reported and 12% in constant currency
GAAP EPS of $1.98; non-GAAP EPS of $2.10, a 2% decrease from prior year
Cost savings plan of $100 million on track for the year
Strong free cash flow of $175 million for the quarter
Waters
Waters
Waters Revenue by Geographic Location
Revenue by Geographic Location
Asia Revenue
CapyFin.comAmericas Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
The company is well-positioned to leverage its strong new product pipeline and is investing to take advantage of growth opportunities as demand normalizes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income