Please wait while we load the requested 10-K report or click the link below:
For Immediate Release
Contact: Gene Cassis, Vice President of Investor Relations, 508-482-2349
Waters Reports Fourth Quarter 2012 Financial Results
Milford, Massachusetts, January 22, 2013Waters Corporation (NYSE/WAT) reported fourth quarter 2012 sales of $522 million, slightly ahead of $521 million in the fourth quarter of 2011. In the quarter, constant currency sales growth was approximately 1.5%. On a GAAP basis, earnings per diluted share (E.P.S.) for the fourth quarter were $2.00 compared to $1.51 for the fourth quarter of 2011. On a non-GAAP basis, including the adjustments in the attached reconciliation, E.P.S. grew 2% to $1.59 from $1.56 in the fourth quarter of 2011.
For the full year, sales for the Company were $1.84 billion, compared to sales of $1.85 billion in 2011, with foreign currency translation reducing sales growth by about 2%. E.P.S. for 2012 were $5.19 compared to $4.69 in 2011. On a non-GAAP basis, including adjustments in the attached reconciliation, E.P.S. grew 2% to $4.93 from $4.81 in 2011.
Commenting on the Companys 2012 performance, Douglas Berthiaume, Chairman, President and Chief Executive Officer said, Demand trends in the fourth quarter were generally consistent with those observed throughout 2012. Our recurring revenues and business in Asia contributed to overall constant currency growth during a challenging period for the Company. For the full year, the combination of a stable pricing environment and prudent cost control allowed us to maintain our operating income level and grow our E.P.S. principally by reducing our share count through share repurchases.
As communicated in a prior press release, Waters Corporation will webcast its fourth quarter 2012 financial results conference call this morning, January 22, 2013 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 January 29 at midnight eastern time, similarly by webcast and also by phone at 402-220-9829.
This release may contain forward-looking statements regarding future results and events. 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, expects, intends, suggests, appears, estimates, projects, and similar expressions, whether in the negative or affirmative, are intended to identify forward-looking statements. The Companys actual future results
The following information was filed by Waters Corp (WAT) on Tuesday, January 22, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate Waters Corp's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Waters Corp.