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%