secwatch.observer — SEC 8-K summary
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Issuer:     WATERS CORP /DE/ (WAT)
CIK:        0001000697
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-138873
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waters Q1 sales down 1% to $685M, non-GAAP EPS $2.49; guides FY organic growth 3-5%
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- Q1 sales $685M (-1% reported, +3% constant currency); GAAP EPS $2.38, non-GAAP EPS $2.49, both down YoY.
- Pharma sales -4% constant currency; recurring revenues +8% constant currency driven by service and chemistries.
- FY2023 guidance: organic constant currency growth 3-5%; non-GAAP EPS $12.55-$12.75, including ~1% FX headwind.
- Q2 2023 guidance: organic CC growth 1-3%; non-GAAP EPS $2.52-$2.62, with ~1% FX and ~3% Wyatt dilution.
- Pending Wyatt Technology acquisition expected to close Q2 2023, adding ~2.5% to FY reported sales; accretive Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000697/000119312523138873/0001193125-23-138873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000697/000119312523138873/d443419d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-138873

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer