Milford-based Waters Corp. reported a second-quarter sales increase of 1 percent over last year, to $451 million, up from $448 million.
Net income for the period, which ended June 30, fell from $100 million to $98 million. The company, which makes software and provides services for scientists, said foreign currency translation decreased sales growth by 3 percent.
Earnings per diluted share (EPS), for the period, were $1.09, compared to $1.07 in the second quarter of 2011.
“Operational efficiency allowed us to achieve our profitability objectives in light of challenging market conditions associated with a generally weaker global economic environment,” said Douglas Berthiaume, chairman, president and CEO.
Through the first six months of the year, sales were down slightly from $875 million to $872 million. EPS for the period were $2.08 compared to $2.09 in 2011.
