Milford-based Waters Corp. beat both last year’s performance and analysts’ estimates for revenue and earnings-per-share growth.
The international laboratory instrument manufacturer reported non-GAAP earnings per share of $1.70 in the fourth quarter. That’s up from $1.59 a year ago, and beat expert predictions of $1.61.
Annual earnings per share grew from $4.93 in 2012 to $5.04 in 2013, beating analyst expectations of $4.95.
Meanwhile, revenue jumped to $565.4 million from $522 million a year ago, beating expectations of $535.7 million. Full-year sales grew from $1.84 billion in 2012 to $1.9 billion in 2013.
“The strength in the fourth quarter of 2013 was broad based in terms of our key product lines and business segments and was highlighted by improved pharmaceutical demand accompanied by continued strength in global academic and industrial chemical end markets,” Douglas Berthiaume, chairman, president and CEO, said in a statement.
