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Sep 26, 2020
Waters Q3 2020 Earnings Report
Waters' Q3 2020 financial performance reflected growth driven by pharmaceutical and industrial end markets and expansion in the U.S., Europe, and China.
Key Takeaways
Waters Corporation reported Q3 2020 sales of $594 million, a 3% increase compared to Q3 2019. GAAP EPS decreased to $2.03, while non-GAAP EPS increased to $2.16. Adjusted free cash flow was strong at $190 million, a 53% increase from the prior year.
Sales of $594 million grew 3% as reported and 2% in constant currency.
Year-over-year sales increase driven by pharmaceutical and industrial end markets.
Growth in the U.S., Europe, and China, partially offset by declines in other areas.
Strong adjusted free cash flow of $190 million, a 53% increase from prior year.
Revenue by Geographic Location
Forward Guidance
Waters Corporation acknowledges the ongoing variability expected in end markets during the fourth quarter and is focusing on improving commercial execution and product development efforts.
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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