3rd-quarter sales, profits jump at Waters
Milford-based laboratory instrument manufacturer Waters Corp. reported an 8-percent jump in sales for the third quarter and a 15-percent rise in net income as the company cited broad-based demand from pharmaceutical companies for its products.
Waters reported sales of $493 million, a jump of nearly $36 million over the same quarter last year. Meanwhile, the company’s net income, $113.5 million, or $1.36 per share, rose substantially from $98 million, or $1.15 a share.
Waters also improved its financial picture for the first nine months of 2014. Through Sept. 27, when the third quarter closed, the company had taken in $1.41 billion in sales, up from $1.34 last year. However, its net income, $280.3 million, trails what the company earned over the first nine months of 2013, when the company profited $308.4 million.
Earlier this year, Waters announced the acquisition of virtually all the assets of Hungarian technology firm MediMass. The value of the deal was not disclosed.
WBJ Web Partners
Most Recent
Most Recent
0 Comments