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Waters Corp (GB:0LTI)
:0LTI
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
4.03Last Year’s EPS
3.62Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 22.03%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted a strong return to growth across various segments and regions, driven by successful product launches and improved market conditions. While challenges in China and currency headwinds were acknowledged, the overall results and future outlook were positive.Company Guidance
In the third quarter of 2024, Waters Corporation reported robust growth metrics across several fronts, leading to an upward revision of its full-year guidance. The company achieved a 4% increase in sales both as reported and in constant currency terms, with non-GAAP earnings per share rising 3% year-over-year to $2.93. Instrument sales grew by 1%, driven by a resurgence in the liquid chromatography (LC) market after seven consecutive quarters of decline. The company's recurring revenue, which includes an 8% growth in chemistry consumables, rose by 7%, bolstered by strong sales in the pharmaceutical and industrial sectors, particularly in PFAS testing and GLP-1-related applications. Geographically, all reported regions returned to growth, with notable improvements in the Americas and Asia, despite a mid-single-digit decline in China. The operational focus on margin expansion yielded a 20 basis points increase in gross margin to 59.3%, and the adjusted operating margin stood at 30.8%. Buoyed by these results, Waters Corporation increased its full-year 2024 organic constant currency sales growth guidance to a range between -0.9% and -0.3%, and adjusted EPS guidance to $11.67 to $11.87, reflecting a slight positive growth over the previous year.Strong Third Quarter Results
Revenue, margin performance, and earnings per share all significantly exceeded expectations. Sales were well above the high end of guidance range, with each reported region returning to positive growth.
Instrument and Recurring Revenue Growth
Instruments grew 1% after seven quarters of decline, led by pharma and industrial end markets. Recurring revenue grew 7%, with an 8% increase in chemistry consumables.
Improved Operational Performance
Gross margin expanded by 20 basis points to 59.3%, and adjusted operating margin was a solid 30.8%.
Innovative Product Success
The Xevo TQ Absolute saw over 70% year-over-year growth in customer adoption and became the best-selling mass spectrometer in the quarter.
Strong Position in High-Growth Markets
GLP-1 and PFAS testing contributed significantly to growth, with GLP-1 products being a major part of commercially available injectables.
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GB:0LTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0LTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $324.20 | $383.84 | +18.39% |
| Jul 31, 2024 | $323.12 | $334.95 | +3.66% |
| May 07, 2024 | $323.71 | $321.72 | -0.61% |
| Feb 06, 2024 | $323.73 | $330.20 | +2.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Waters Corp (GB:0LTI) report earnings?
Waters Corp (GB:0LTI) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Waters Corp (GB:0LTI) earnings time?
Waters Corp (GB:0LTI) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Waters Corp stock?
The P/E ratio of Waters Corp is N/A.
What is GB:0LTI EPS forecast?
GB:0LTI EPS forecast for the fiscal quarter 2024 (Q4) is 4.03.
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