Waters Q2 2022 Earnings Report
Key Takeaways
Waters Corporation reported a 5% increase in sales to $714 million for the second quarter of 2022. Instrument sales grew by 12% in constant currency, and non-GAAP EPS increased by 6% to $2.75.
Sales of $714 million grew 5% as reported and 10% in constant currency.
Instrument sales grew 12% in constant currency, with double-digit growth across LC, MS and TA product lines.
Broad-based performance across all end-markets and major geographies, led by mid-teens growth in the U.S. and 9% constant currency growth in China.
GAAP EPS of $2.72; non-GAAP EPS of $2.75, a 6% increase from prior year.
Waters
Waters
Waters Revenue by Geographic Location
Forward Guidance
The Company expects third quarter 2022 constant currency sales growth in the range of 8% to 10%. Currency translation is expected to decrease third quarter sales growth by approximately six percentage points. The Company expects third quarter 2022 non-GAAP EPS in the range of $2.50 to $2.60, which includes an estimated headwind of approximately 10% due to unfavorable foreign currency translation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income