Waters Corporation: How Long Will The Upside From The Continuation of High-Level Trends and Geographical Growth Last?

Waters Corporation’s Second Quarter 2024 financial results reflect a mix of challenges and
progress across its various segments. The company, a key player in the analytical instruments
industry, primarily serves the pharmaceutical, industrial, and academic sectors. Notable for its
technological investments and strategic acquisitions, Waters reported a 4% decline in sales,
including a similar drop in organic constant currency terms. Despite this, it exceeded earnings
expectations with non-GAAP EPS at $2.63 and GAAP EPS at $2.40, showcasing its operational
resilience.