WATERS CORPORATION Reports 0.4% Increase in Revenue for Fiscal Year 2023’s Third Quarter

☀️Earnings Overview

On November 7, 2023, WATERS CORPORATION ($NYSE:WAT) released their financial report for the third quarter of fiscal year 2023, indicating total revenue of USD 711.7 million, a slight uptick of 0.4% on a year-on-year basis. However, net income showed a decline of 13.7% compared to the same period in the prior year, coming in at USD 134.6 million.

Analysis

GoodWhale conducted an analysis of the financials of WATERS CORPORATION, and classified the company as a ‘rhino’ on their Star Chart. This type of company is determined to have achieved moderate revenue or earnings growth. Investors who may be interested in such a company would likely be those who focus on sustainability and financial health. WATERS CORPORATION has a high health score of 9/10, as their cashflows and debt are capable of sustaining future operations during times of crisis. In terms of profitability, growth, assets, and dividends, WATERS CORPORATION is strong in profitability, medium in growth, and weak in assets and dividends. However, investors should still consider this company to be viable due to its high health score and moderate revenue or earnings growth. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Waters Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Waters Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Waters Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Waters Corporation are shown below. More…

Peers

Waters Corporation is an American analytical instrument manufacturing company that specializes in liquid chromatography, mass spectrometry, and thermal analysis instruments. It has annual sales of over $2 billion and employs more than 6,000 people worldwide. Its products are used in the life sciences, pharmaceutical, and chemical industries. Waters Corporation’s main competitors are IQVIA Holdings Inc, Agilent Technologies Inc, Vijaya Diagnostic Centre Ltd.

– IQVIA Holdings Inc ($NYSE:IQV)

The company’s market cap as of 2022 was 39.27B and its ROE was 21.52%. The company is a global provider of information, innovative technology solutions, and real-world insights that help customers improve their well-being. The company offers a broad range of products and services that enable customers to manage their health and wellbeing.

– Agilent Technologies Inc ($NYSE:A)

Agilent Technologies, Inc. is a provider of life sciences, diagnostics, and applied chemical markets solutions. It operates through three segments: Life Sciences and Applied Markets Group, Diagnostics and Genomics Group, and Agilent CrossLab Group. The Life Sciences and Applied Markets Group segment offers application solutions that include chromatography, mass spectrometry, chemical analysis, and cellular analysis. The Diagnostics and Genomics Group segment provides in vitro diagnostic products and services. The Agilent CrossLab Group segment offers a range of services and consumables. Agilent Technologies was founded in 1999 and is headquartered in Santa Clara, California.

– Vijaya Diagnostic Centre Ltd ($BSE:543350)

Vijaya Diagnostic Centre Ltd is a leading diagnostic centre in India with a market cap of 46.61B as of 2022. The company has a return on equity of 17.7%. The company offers a wide range of diagnostic services including X-rays, ultrasounds, MRI, and CT scans. The company also has a wide network of centres across India.

Summary

Investors in Waters Corporation saw their stock price rise on November 7, 2023 following the release of the company’s third-quarter earnings results for fiscal year 2023. Total revenue increased 0.4% year-on-year to USD 711.7 million, while net income decreased 13.7% compared to the same period in the previous year, at USD 134.6 million. This indicates to investors that profits were down from the prior year despite a small rise in revenue. Investors may be wary of further drops in earnings and look to Waters Corporation’s future performance for a better indication of their stock value.