For Immediate Release
Contact: Gene Cassis, Vice President of Investor Relations, 508-482-2349
Waters Reports Fourth Quarter 2009 Financial Results
Milford, Massachusetts, January 26, 2010 Waters Corporation (NYSE/WAT) reported fourth quarter
2009 sales of $429 million, an increase of 3% from sales of $418 million in the fourth quarter of
2008. In the quarter, foreign currency translation increased sales growth rate by 4% and on a
currency neutral basis, sales decreased by 1% in comparison to the prior years fourth quarter
sales. On a GAAP basis, earnings per diluted share (E.P.S.) for the fourth quarter were $1.08,
compared to $1.01 for the fourth quarter of 2008. On a non-GAAP basis, including the adjustments
in the attached reconciliation, E.P.S. grew 5% to $1.12 from $1.07 in the fourth quarter of 2008.
For the full year, sales for the Company were $1.50 billion, a decrease of 5% from sales of $1.58
billion in 2008. This decrease in sales includes the effects of foreign currency translation which
reduced sales by 2%. E.P.S. for 2009 were $3.34 compared to $3.21 in 2008. On a
non-GAAP basis, including adjustments in the attached reconciliation, E.P.S. grew 5% to $3.45 from
$3.30 in 2008.
Commenting on the Companys performance, Douglas Berthiaume, Chairman, President and Chief
Executive Officer said, In 2009, Waters faced a most challenging market environment as a steep
economic slowdown and volatile capital markets combined to depress demand for laboratory
instrumentation and supplies. However, through this difficult time, we continued to invest in new
product development, support our customer base and manage our expenses prudently. As a result of
these efforts, we were able to grow our earnings and generate strong cash flow while bringing
exciting new products to market.
As communicated in a prior press release, Waters Corporation will webcast its fourth quarter 2009
financial results conference call this morning, January 26, 2010 at 8:30 a.m. eastern time. To
listen to the call, connect to www.waters.com, choose Investor Relations and click on the Live
Webcast. A replay will be available through February 2, 2010 at midnight eastern time, similarly
by webcast and also by phone at 203-369-1023.
This release may contain forward-looking statements regarding future results and events,
including statements regarding expected financial results, future growth and customer demand that
involve a number of risks and uncertainties. For this purpose, any statements that are not
statements of historical fact may be deemed forward-looking statements. Without limiting the
foregoing, the words, believes, anticipates, plans,