earnings
confidence high
sentiment neutral
materiality 0.75
Waters Q4 2023 sales $819M (-4.5%); FY guidance organic growth -0.5% to +1.5%
WATERS CORP /DE/
2023-FY EPS reported
$10.84
revenue$2,956,416,000
- Q4 GAAP EPS $3.65, non-GAAP $3.62 (at high end of guidance); YoY decline from $3.84.
- Full-year 2023 sales $2,956M (-0.5% as reported); non-GAAP EPS $11.75 vs $12.02 prior year.
- Gross margin expanded 160bps to 59.6%; adjusted operating margin expanded 70bps to 30.9%.
- China Q4 sales declined almost 40%; pharma sales down 6% as reported.
- Q1 2024 guidance: organic sales -11% to -9%; non-GAAP EPS $2.05-$2.15.