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Dec 31, 2023
Waters Q4 2023 Earnings Report
Waters' Q4 2023 financial performance was reported, revealing a decrease in sales but improved margins and EPS within guidance.
Key Takeaways
Waters Corporation reported Q4 2023 sales of $819 million, a 4.5% decrease as reported. However, the company's operational excellence led to gross margin and adjusted operating margin expansion. Non-GAAP EPS was $3.62, at the high end of guidance, while GAAP EPS was $3.65.
Sales declined by 4.5% as reported, totaling $819 million.
Gross margin expanded by 170 basis points due to operational excellence.
Adjusted operating margin increased by 120 basis points.
Non-GAAP EPS reached $3.62, aligning with the upper range of expectations; GAAP EPS was $3.65.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects first quarter 2024 organic constant currency sales growth to be in the range of -11% to -9%. Currency translation is expected to decrease first quarter sales growth by approximately 1%. The Wyatt transaction is expected to increase first quarter reported sales growth by 3.5%.
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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