Waters Corp. (WAT) Tops Q4 EPS by 19c, Offers FY Guidance
Waters Corp. (NYSE: WAT) reported Q4 EPS of $3.20, $0.19 better than the analyst estimate of $3.01. Revenue for the quarter came in at $716 million versus the consensus estimate of $714.88 million.
GUIDANCE:
Waters Corp. sees FY2020 EPS of $9.15-$9.40, versus the consensus of $9.80.
The Company expects full-year 2020 constant-currency sales growth in the range of 1% to 3%. Currency translation is expected to decrease full-year sales growth by less than one percentage point. The Company also expects full-year 2020 non-GAAP EPS in the range of $9.15 to $9.40. Please refer to the tables below for a reconciliation of the projected GAAP to non-GAAP financial outlook for the full-year.
The Company expects first quarter 2020 constant-currency sales growth in the range of 0% to 2%. Currency translation is expected to decrease first quarter sales growth by less than one percentage point. The Company also expects first quarter 2020 non-GAAP EPS in the range of $1.55 to $1.65. Please refer to the tables below for a reconciliation of the projected GAAP to non-GAAP financial outlook for the first quarter.
The potential impact from the coronavirus on our business cannot be reasonably estimated at this time, and as a result, is not reflected in the Company’s first quarter and fiscal year 2020 guidance.
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