Waters Corp. (WAT) Tops Q2 EPS by 36c, Offers Guidance

Waters Corp. (NYSE: WAT) reported Q2 EPS of $2.60, $0.36 better than the analyst estimate of $2.24. Revenue for the quarter came in at $682 million versus the consensus estimate of $621.52 million.

GUIDANCE:

Waters Corp. sees Q3 2021 EPS of $2.25-$2.35, versus the consensus of $2.25.

• The Company expects third quarter 2021 constant-currency sales growth in the range of 7% to 9%. Currency translation is expected to increase third quarter sales growth by approximately one percentage point. The Company also expects third quarter 2021 non-GAAP EPS in the range of $2.25 to $2.35. Please refer to the tables below for a reconciliation of the projected GAAP to non-GAAP financial outlook for the third quarter.

Waters Corp. sees FY2021 EPS of $10.50-$10.70, versus the consensus of $10.08.

• The Company expects full-year 2021 constant-currency sales growth in the range of 13% to 15%. Currency translation is expected to increase full-year sales growth by one to two percentage points. The Company also expects full-year 2021 non-GAAP EPS in the range of $10.50 to $10.70. Please refer to the tables below for a reconciliation of the projected GAAP to non-GAAP financial outlook for the full-year.

For earnings history and earnings-related data on Waters Corp. (WAT) click here.

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