Categories Earnings, Technology

Earnings Summary: Waters Corporation (WAT) reports Q3 2023 financial results

Waters Corporation (NYSE: WAT), a provider of analytical instruments and software, Wednesday reported financial results for the third quarter of 2023.

  • Third-quarter sales edged up to $712 million as reported, and declined 4% in organic constant currency
  • Net income decreased to $134.6 million or $2.27 per share in Q3 from $156 million or $2.60 per share last year
  • Operating income was $179.4 million in the September quarter, down from $192.0 million reported in Q3 2022
  • The company expects full-year organic constant currency sales to decline in the range of 2% to 1%
  • It is looking for adjusted earnings between $11.65 per share and $11.75 per share for fiscal 2023
  • In the fourth quarter, organic constant currency sales are expected to decline in the range of 8% to 5%

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