Waters Corporation (NYSE: WAT) Reports First Quarter 2026 Financial Results
Rhea-AI Summary
Waters Corporation (NYSE: WAT) reported Q1 2026 revenue of $1.267 billion, above guidance by $56 million, driven by $747 million organic revenue (13% as reported, 11% cc) and $520 million from the acquired Biosciences and Diagnostic Solutions businesses. Adjusted EPS was $2.70 (+20% YoY); GAAP EPS was a loss of $0.87 reflecting acquisition accounting. The company raised full‑year organic growth guidance to 6.5–8.0% and adjusted EPS guidance to $14.40–$14.60, and now expects acquired business revenue of $3.035 billion in 2026.
Positive
- Total reported revenue of $1.267B, beating high end of guidance by $56M
- Organic revenue grew 13% as reported and 11% in constant currency
- Acquired businesses contributed $520M in Q1 and expected $3.035B for 2026
- Adjusted EPS of $2.70, up 20% YoY
- Raised full‑year organic growth guidance to 6.5–8.0% and adjusted EPS to $14.40–$14.60
Negative
- GAAP diluted EPS was a loss of $0.87 due to acquisition purchase accounting charges
- Significant acquisition-related amortization and inventory step-up reduced GAAP profitability
- Company cannot reasonably reconcile forward-looking adjusted EPS guidance to GAAP measures
News Market Reaction – WAT
In the May 5 session, WAT gained 13.54%, reflecting a significant positive market reaction. Argus tracked a peak move of +9.5% during that session. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| 2026-02-09 | Q4/FY 2025 earnings | Positive | -13.9% | Reported Q4 and full-year 2025 growth and issued 2026 guidance including acquisition. |
| 2025-11-04 | Q3 2025 earnings | Positive | +6.3% | Q3 2025 sales up 8%, strong EPS growth and raised full-year 2025 guidance. |
| 2025-08-04 | Q2 2025 earnings | Positive | -1.6% | Q2 2025 beat with 9% sales growth and higher full-year guidance. |
| 2025-05-06 | Q1 2025 earnings | Positive | -2.7% | Q1 2025 growth and guidance raise for constant-currency sales and EPS. |
| 2025-02-12 | Q4/FY 2024 earnings | Positive | -5.8% | Q4 2024 sales growth and flat full-year sales with modest EPS increase. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings releases are generally positive but have often been followed by negative price reactions, with only one of the last five earnings events seeing a positive next-day move.
Over the past five earnings cycles, Waters has repeatedly reported solid growth and raised guidance. Prior results highlighted steady sales increases (e.g., $932M in Q4 2025, full‑year 2025 sales of $3,165M) and consistent non‑GAAP EPS expansion (up 10–11% in several periods). The company also flagged the transformative acquisition of BD’s Biosciences and Diagnostic Solutions businesses and projected 2026 revenue of $6.405–6.455B with non‑GAAP EPS of $14.30–14.50. Today’s Q1 2026 report, which beats revenue guidance and raises 2026 EPS guidance, continues this pattern of strong fundamental execution.
Key Terms
gaap financial
adjusted eps financial
constant currency financial
basis points financial
owned-period basis financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
First Quarter 2026 Highlights
- Total reported revenue of
$1.267 billion $56 million - Organic revenue grew
13% as reported and11% in constant currency, exceeding the high end of the constant currency growth guidance range by 200 basis points – led by high-single-digit instrument growth and mid-teens chemistry growth within the Analytical Sciences Division. - The Biosciences and Diagnostic Solutions businesses generated
$520 million $40 million - GAAP EPS of (
$0.87 $2.70 20% year-over-year, driven by better-than-expected revenue and margin performance. - The Company is raising its full year 2026 organic constant currency revenue growth guidance to
6.5% to8.0% and now expects the acquired businesses to generate$3.035 billion $14.40 $14.60
Overall Financial Results
The Company's reported revenue for the first quarter of 2026 was
Organic revenue for the first quarter of 2026 was
Revenue from Biosciences and Diagnostic Solutions was
On a GAAP basis, the Company reported a diluted loss per share of
Adjusted EPS for the first quarter of 2026 grew
"Thanks to the hard work of our teams, we delivered an excellent first quarter as a combined company," said Udit Batra, Ph.D., President & Chief Executive Officer, Waters Corporation. "Our Biosciences and Advanced Diagnostics Divisions are off to a strong start with a significant improvement in growth rates versus pre-close trends, due to increased execution discipline, a sharper focus on upcoming new product launches, and superb collaboration with our Analytical Sciences Division which has already enabled the realization of revenue synergies. In parallel, the instrument replacement cycle, success of new product launches, and our idiosyncratic growth drivers are continuing to fuel exceptional momentum in our organic revenue growth rates."
Dr. Batra continued: "As we look ahead, we are raising our guidance to reflect the increased momentum we are seeing across our businesses. Our teams are focused on executing a seamless integration, delivering industry-leading growth, and building a highly differentiated portfolio, positioning Waters for continued success for many years to come."
Analytical Sciences Division (ASD)
The Analytical Sciences Division – the former Waters Division, excluding the Clinical Business Unit – delivered reported revenue of
Biosciences Division (WBD)
The Biosciences Division – formerly known as BD Biosciences – delivered reported revenue of
Advanced Diagnostics Division (ADx)
The Advanced Diagnostics Division comprises the former BD Diagnostic Solutions business and the Clinical Business Unit previously reported within Waters Division.
The Diagnostic Solutions business delivered reported revenue of
Materials Sciences Division (MSD)
The Materials Sciences Division – formerly known as TA Division – delivered reported revenue of
A description and reconciliation of GAAP to non-GAAP results appear in the tables below and can be found on the Company's website www.waters.com in the Investor Relations section.
Full-Year and Second Quarter 2026 Financial Guidance
Full-Year 2026 Financial Guidance
The Company is raising its full-year 2026 organic, constant currency revenue growth guidance to the range of
The Company now expects full-year 2026 acquired business reported revenue of approximately
Total Company reported revenue for full-year 2026 is expected to be in the range of
The Company is raising its full-year 2026 adjusted EPS guidance to
Second Quarter 2026 Financial Guidance
The Company expects second quarter 2026 organic constant currency revenue growth to be in the range of
The Company expects acquired business reported revenue for the second quarter 2026 to be approximately
Total Company reported revenue for the second quarter of 2026 is expected to be in the range of
The Company expects second quarter 2026 adjusted EPS to be in the range of
Please refer to the tables below for a reconciliation of the projected GAAP to non-GAAP financial outlook for the full-year and second quarter. The Company is unable to provide reconciliations of forward-looking presentations of adjusted EPS guidance measures to the most directly comparable GAAP measures. Such reconciliations cannot be prepared without unreasonable efforts due to the inherent difficulty and unpredictability in forecasting and quantifying certain amounts that would be necessary for such reconciliations, including acquisition-related amortization, acquisition and restructuring costs, as well as certain legal, advisory and tax costs, or other costs that may arise, which amounts could be significant and could have a material impact on the Company's future GAAP financial results.
Conference Call Details
Waters Corporation will webcast its first quarter 2026 financial results conference call today, May 5, 2026, at 8:30 a.m. Eastern Time. To listen to the call and see the accompanying slide presentation, please visit www.waters.com, select "Investor Relations" under the "About Waters" section, navigate to "Events & Presentations," and click on the "Webcast." A replay will be available through at least June 2, 2026.
About Waters Corporation
Waters Corporation (NYSE:WAT) is a global leader in life sciences, dedicated to accelerating the benefits of pioneering science through analytical technologies, informatics, and service. With a focus on regulated, high-volume testing environments, our innovative portfolio harnesses deep scientific expertise across chemistry, physics, and biology. We collaborate with analytical laboratories around the world to advance the release of effective, high-quality medicines, assure the safety of food and water, and drive better patient outcomes by detecting diseases earlier, managing routine infections, and combatting growing antibiotic resistance. Through a shared culture of relentless innovation, our passionate team of approximately 16,000 employees partner with our customers to turn scientific challenges into breakthroughs that improve lives worldwide.
Non-GAAP Financial Measures
This release contains financial measures, such as organic constant currency growth rates, constant currency growth rates, pro forma comparable revenue, and adjusted earnings per diluted share, among others, which are considered "non-GAAP" financial measures under applicable
Cautionary Statement
This release contains "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 "feels," "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. Our actual results may differ significantly from the results discussed in the forward-looking statements within this release for a variety of reasons, including and without limitation, risks or uncertainties related to our acquisition of Becton, Dickinson and Company's Biosciences and Diagnostic Solutions business (the "BDS Business"), including failure to realize the anticipated benefits of this acquisition, including as a result of delay in integrating the BDS Business with the Company on the expected timeframe or at all, and the ability of the Company to implement its business strategy and achieve revenue and cost synergies, anticipated progress on Waters' research programs, development of new analytical instruments and associated software or consumables, manufacturing development and capabilities, our future financial and operational performance, future economic and market conditions, including our expectations about the growth rates of certain markets, our strategic initiatives, including our instrument replacement initiatives, respond and adapt to changing global dynamics, including the potential impacts of tariffs and supply chain challenges, our ability to retain and attract customers in various geographies and market segments, our market size and growth opportunities, our competitive positioning, projected costs, technological capabilities and plans, and objectives of management, and other risk factors detailed from time to time in Waters' reports filed with the Securities and Exchange Commission ("SEC"). Such factors and others are discussed more fully in the sections entitled "Forward-Looking Statements" and "Risk Factors" of the Company's annual report on Form 10-K for the year ended December 31, 2025, as filed with the SEC, which discussions are incorporated by reference in this release, as updated by the Company's subsequent filings with the SEC. The forward-looking statements included in this release represent the Company's estimates or views as of the date of this release and should not be relied upon as representing the Company's estimates or views as of any date subsequent to the date of this release. Except as required by law, the Company does not assume any obligation to update any forward-looking statements.
Waters Corporation and Subsidiaries | |||
Consolidated Statements of Operations | |||
(In millions, except per share data) | |||
(Unaudited) | |||
Three Months Ended | |||
April 4, 2026 | March 29, 2025 | ||
Net revenue | $ 1,267 | $ 662 | |
Costs and operating expenses: | |||
Cost of revenue (includes | 672 | 277 | |
Selling and administrative expenses | 394 | 175 | |
Research and development expenses | 96 | 47 | |
Purchased intangibles amortization (b) | 152 | 12 | |
Operating (loss) income | (47) | 151 | |
Other income, net | 1 | 2 | |
Interest expense, net | (42) | (10) | |
(Loss) income from operations before income taxes | (88) | 143 | |
(Benefit) provision for income taxes | (16) | 22 | |
Net (loss) income | $ (72) | $ 121 | |
Net (loss) income per basic common share | $ (0.87) | $ 2.04 | |
Weighted-average number of basic common shares | 82,139 | 59,439 | |
Net (loss) income per diluted common share | $ (0.87) | $ 2.03 | |
Weighted-average number of diluted common shares and equivalents | 82,139 | 59,711 | |
(a) Cost of revenue for the three months ended April 4, 2026 includes | |||
(b) Purchased intangibles amortization for the three months ended April 4, 2026 includes |
Waters Corporation and Subsidiaries | ||||||||||
Reconciliation of GAAP to Adjusted Non-GAAP | ||||||||||
Revenue by Operating Segment, Product & Service, and Geography | ||||||||||
Three Months Ended April 4, 2026 and March 29, 2025 | ||||||||||
(In millions) | ||||||||||
Three Months Ended | Reported | |||||||||
April 4, 2026 (b) | March 29, 2025 | Growth | ||||||||
REVENUE - OPERATING SEGMENT | ||||||||||
Analytical Sciences Division (ASD) | $ | 607 | $ | 534 | 14 % | |||||
Biosciences Division (WBD) | 232 | - | ** | |||||||
Advanced Diagnostics Division (ADx) | 349 | 53 | 560 % | |||||||
Materials Sciences Division (MSD) | 79 | 75 | 6 % | |||||||
Total Revenue | $ | 1,267 | $ | 662 | 91 % | |||||
REVENUE - PRODUCT & SERVICE | ||||||||||
Product | $ | 919 | $ | 401 | 129 % | |||||
Service | 348 | 261 | 33 % | |||||||
Total Revenue | $ | 1,267 | $ | 662 | 91 % | |||||
REVENUE - GEOGRAPHY | ||||||||||
$ | 350 | $ | 221 | 58 % | ||||||
505 | 256 | 98 % | ||||||||
412 | 185 | 122 % | ||||||||
Total Revenue | $ | 1,267 | $ | 662 | 91 % | |||||
Reconciliation of Organic Revenue Growth | ||||||||||
Total Reported Revenue (GAAP) | $ | 1,267 | $ | 662 | 91 % | |||||
Acquired Business Contribution | 520 | |||||||||
Total Organic Reported Revenue | $ | 747 | ||||||||
Organic Reported Revenue Growth | 13 % | |||||||||
Currency Translation Impact | 2 % | |||||||||
Organic Constant Currency Revenue Growth (a) | 11 % | |||||||||
Reconciliation of Pro Forma Acquired Company Revenue for Period Owned (c) | ||||||||||
Prior Year Full Quarter Revenue | $ | 792 | ||||||||
Less: Revenue Adjustments for Pre-Owned Period | 307 | |||||||||
Pro Forma Comparable Revenue | $ | 520 | $ | 485 | 7 % | |||||
**Percentage not meaningful | ||||||||||
(a) | The Company believes that referring to comparable organic constant currency growth rates is a useful way to evaluate the underlying performance of Waters Corporation's net revenue. Organic constant currency growth, a non-GAAP financial measure, measures the change in net revenue between current and prior year periods, excluding the impact of foreign currency exchange rates during the current period and excluding the impact of acquisitions made within twelve months of the acquisition close date. See description of non-GAAP financial measures contained in this release. | |||||||||
(b) | Waters Corporation revenue for the three months ended April 4, 2026 includes the results of the BDS Business acquisition from date of acquisition February 9, 2026 through April 4, 2026. | |||||||||
(c) | The Company believes that referring to pro forma comparable revenue is a useful way to evaluate the underlying performance of the business. Pro forma comparable revenue reflects acquired company (Biosciences & Diagnostic Solutions) revenue where growth rates are presented on an as reported basis, covering revenue for the owned period portion of the quarter from February 9, 2026, the transaction close date, through the end of the quarter, with growth compared against the pro forma comparable revenue estimate for the prior year equivalent partial quarter period that predates Waters' ownership. | |||||||||
Waters Corporation and Subsidiaries | ||||||||||||||||||||||||||||||||
Reconciliation of GAAP to Adjusted Non-GAAP Financials | ||||||||||||||||||||||||||||||||
Three Months Ended April 4, 2026 and March 29, 2025 | ||||||||||||||||||||||||||||||||
(In millions, except per share data) | ||||||||||||||||||||||||||||||||
Operating | (Loss) Income | (Benefit) | Diluted | |||||||||||||||||||||||||||||
Selling & | Research & | Operating | (Loss) | Interest | before | Provision for | (Loss) | |||||||||||||||||||||||||
Cost of | Administrative | Development | (Loss) | Income | Expense, | Income | Income | Net (Loss) | Earnings | |||||||||||||||||||||||
Revenue | Expenses(a) | Expenses | Income | Percentage | Net | Taxes | Taxes | Income | per Share | |||||||||||||||||||||||
Three Months Ended April 4, 2026 | ||||||||||||||||||||||||||||||||
GAAP | $ | 672 | $ | 546 | $ | 96 | $ | (47) | (3.7 %) | $ | (42) | $ | (88) | $ | (16) | $ | (72) | $ | (0.87) | |||||||||||||
Adjustments: | ||||||||||||||||||||||||||||||||
Purchased intangibles and acquisition step-up amortization (b) | (99) | (152) | - | 251 | 19.8 % | - | 251 | 41 | 210 | 2.55 | ||||||||||||||||||||||
Restructuring costs and certain other items (c) | - | (4) | - | 4 | 0.3 % | - | 4 | 1 | 3 | 0.04 | ||||||||||||||||||||||
ERP implementation and transformation costs (d) | - | (9) | - | 9 | 0.7 % | - | 9 | 1 | 8 | 0.09 | ||||||||||||||||||||||
Acquisition related costs (e) | - | (82) | (1) | 83 | 6.5 % | - | 83 | 14 | 69 | 0.84 | ||||||||||||||||||||||
Financing costs (g) | - | - | - | - | - | 4 | 4 | - | 4 | 0.04 | ||||||||||||||||||||||
Adjusted Non-GAAP | $ | 573 | $ | 299 | $ | 95 | $ | 300 | 23.6 % | $ | (38) | $ | 263 | $ | 41 | $ | 222 | $ | 2.70 | |||||||||||||
Three Months Ended March 29, 2025 | ||||||||||||||||||||||||||||||||
GAAP | $ | 277 | $ | 187 | $ | 47 | $ | 151 | 22.9 % | $ | (10) | $ | 143 | $ | 22 | $ | 121 | $ | 2.03 | |||||||||||||
Adjustments: | ||||||||||||||||||||||||||||||||
Purchased intangibles amortization (b) | - | (12) | - | 12 | 1.8 % | - | 12 | 3 | 9 | 0.15 | ||||||||||||||||||||||
Restructuring costs and certain other items (c) | - | (1) | - | 1 | 0.1 % | - | 1 | - | 1 | 0.01 | ||||||||||||||||||||||
ERP implementation and transformation costs (d) | - | (2) | - | 2 | 0.3 % | - | 2 | 1 | 1 | 0.03 | ||||||||||||||||||||||
Retention bonus obligation (f) | - | (2) | (1) | 3 | 0.4 % | - | 3 | 1 | 2 | 0.03 | ||||||||||||||||||||||
Adjusted Non-GAAP | $ | 277 | $ | 170 | $ | 46 | $ | 169 | 25.5 % | $ | (10) | $ | 161 | $ | 27 | $ | 134 | $ | 2.25 | |||||||||||||
(a) | Selling & administrative expenses include purchased intangibles amortization. | |||||||||||||||||||||||||||||||
(b) | The amortization of purchased intangibles and acquisition-related inventory and fixed asset fair value step-up, which are non-cash expenses, were excluded to be consistent with how management evaluates the performance of its core business against historical operating results and the operating results of competitors over periods of time. | |||||||||||||||||||||||||||||||
(c) | Restructuring costs and certain other items were excluded as the Company believes that the cost to consolidate operations, reduce overhead, and certain other income or expense items are not normal and do not represent future ongoing business expenses of a specific function or geographic location of the Company. | |||||||||||||||||||||||||||||||
(d) | ERP implementation and transformation costs represent costs related to the Company's initiative to transition from its legacy enterprise resource planning (ERP) system to a new global ERP solution with a cloud-based infrastructure. These costs, which do not represent normal or future ongoing business expenses, are one-time, non-recurring costs related to the establishment of our new global ERP solution that were determined to be non-capitalizable in accordance with accounting standards. | |||||||||||||||||||||||||||||||
(e) | Acquisition related costs include all incremental costs incurred to effect the business combination, such as advisory, legal, accounting, tax, valuation, other professional fees, and integration costs. The Company believes that these costs are not normal and do not represent future ongoing business expenses. | |||||||||||||||||||||||||||||||
(f) | In connection with the Wyatt acquisition, the Company recognized a two-year retention bonus obligation that is contingent upon the employee's providing future service and continued employment with Waters. The Company believes that these costs are not normal and do not represent future ongoing business expenses. | |||||||||||||||||||||||||||||||
(g) | Financing costs relate to certain financing fees incurred by the Company to secure access to certain debt facilities in connection with the agreement Waters entered into to acquire the Biosciences and Diagnostics Solutions business of Becton, Dickinson & Company. The Company believes that these costs are not normal and do not represent future ongoing business expenses. | |||||||||||||||||||||||||||||||
Waters Corporation and Subsidiaries | ||||
Preliminary Condensed Unclassified Consolidated Balance Sheets | ||||
(In millions and unaudited) | ||||
April 4, 2026 | December 31, 2025 | |||
Cash and cash equivalents | $ 462 | $ 588 | ||
Accounts receivable | 1,759 | 829 | ||
Inventories | 1,496 | 572 | ||
Property, plant and equipment, net | 1,520 | 642 | ||
Intangible assets, net | 8,779 | 558 | ||
Goodwill | 9,317 | 1,340 | ||
Other assets | 1,198 | 548 | ||
Total assets | $ 24,531 | $ 5,077 | ||
Notes payable and debt | $ 5,215 | $ 1,407 | ||
Other liabilities | 4,024 | 1,108 | ||
Total liabilities | 9,239 | 2,515 | ||
Total stockholders' equity | 15,292 | 2,562 | ||
Total liabilities and stockholders' equity | $ 24,531 | $ 5,077 | ||
Waters Corporation and Subsidiaries | ||||||
Preliminary Condensed Consolidated Statements of Cash Flows | ||||||
Three Months Ended April 4, 2026 and March 29, 2025 | ||||||
(In millions and unaudited) | ||||||
Three Months Ended | ||||||
April 4, 2026 | March 29, 2025 | |||||
Cash flows from operating activities: | ||||||
Net (loss) income | $ (72) | $ 121 | ||||
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||||||
Stock-based compensation | 20 | 13 | ||||
Depreciation and amortization | 207 | 49 | ||||
Amortization of acquisition-related inventory and fixed asset step-up | 99 | - | ||||
Change in operating assets and liabilities and other, net (b) | (257) | 77 | ||||
Net cash (used in) provided by operating activities | (3) | 260 | ||||
Cash flows from investing activities: | ||||||
Additions to property, plant, equipment, and software capitalization | (39) | (26) | ||||
Cash acquired in business acquisition | 144 | - | ||||
Investments in unaffiliated companies | (10) | - | ||||
Net cash provided by (used in) investing activities | 95 | (26) | ||||
Cash flows from financing activities: | ||||||
Proceeds from debt issuances | 3,530 | - | ||||
Payments on debt | (3,700) | (170) | ||||
Payments of debt issuance costs | (25) | - | ||||
Proceeds from stock plans | 3 | 8 | ||||
Purchases of treasury shares | (12) | (14) | ||||
Other cash flow from financing activities, net | (9) | 3 | ||||
Net cash used in financing activities | (213) | (173) | ||||
Effect of exchange rate changes on cash and cash equivalents | (5) | (3) | ||||
(Decrease) increase in cash and cash equivalents | (126) | 58 | ||||
Cash and cash equivalents at beginning of period | 588 | 325 | ||||
Cash and cash equivalents at end of period | $ 462 | $ 383 | ||||
Reconciliation of Free Cash Flow - Adjusted Non-GAAP (a) | ||||||
Net cash (used in) provided by operating activities - GAAP | $ (3) | $ 260 | ||||
Adjustments: | ||||||
Additions to property, plant, equipment, and software capitalization | (39) | (26) | ||||
Free Cash Flow - Adjusted Non-GAAP | $ (42) | $ 234 | ||||
(a) | The Company defines free cash flow as net cash flow from operations accounted for under GAAP less capital expenditures and software capitalizations plus or minus any unusual and non recurring items. Free cash flow is not a GAAP measurement and may not be comparable to free cash flow reported by other companies. | |||||
(b) | Includes a net | |||||
Waters Corporation and Subsidiaries | |||||||||
Reconciliation of Projected GAAP to Adjusted Non-GAAP Financial Outlook | |||||||||
(In millions, except per share data) | |||||||||
Twelve Months Ended | Three Months Ended | ||||||||
December 31, 2026 | July 4, 2026 | ||||||||
Range | Range | ||||||||
Projected Revenue | |||||||||
Reported revenue | $ 6,405 | - | $ 6,455 | $ 1,616 | - | $ 1,631 | |||
Acquired business contribution | $ 3,035 | - | $ 3,035 | $ 802 | - | $ 802 | |||
Organic reported revenue | $ 3,370 | - | $ 3,420 | $ 814 | - | $ 829 | |||
Organic reported revenue growth | 6.5 % | - | 8.0 % | 5.5 % | - | 7.5 % | |||
Currency translation impact | 0.0 % | - | 0.0 % | (0.5 %) | - | (0.5 %) | |||
Organic constant currency revenue growth (a) | 6.5 % | - | 8.0 % | 6.0 % | - | 8.0 % | |||
Range | Range | ||||||||
Projected Earnings Per Diluted Share | |||||||||
Adjusted earnings per share | $ 14.40 | - | $ 14.60 | $ 2.95 | - | $ 3.05 | |||
(a) | Organic constant currency growth rates are a non-GAAP financial measure that measures the change in net revenue between current and prior year periods, excluding the impact of foreign currency exchange rates during the current period and excluding the impact of acquisitions made within twelve months of the acquisition close date. These amounts are estimated at the current foreign currency exchange rates and based on the forecasted geographical revenue in local currency, as well as an assessment of market conditions as of the date of this press release, and may differ significantly from actual results. | ||||||||
These forward-looking adjustment estimates do not reflect future gains and charges that are inherently difficult to predict and estimate due to their unknown timing, effect and/or significance. | |||||||||
Contact: Caspar Tudor, Head of Investor Relations – (508) 482-3448
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SOURCE Waters Corporation