Waters Corp.’s 2nd-quarter earnings strong
Waters Corp. reported a 12.4-percent rise in earnings for the second quarter, along with a 3-percent jump in sales, the Milford-based manufacturer of laboratory instruments announced Tuesday.
Waters’ earnings per diluted share, $1.27, jumped from $1.13 in the second quarter of 2014The company said second-quarter sales rose jumped to $495 million from $482 million in the second quarter of 2014, but they were dragged down by foreign currency translation, which Waters said cut into sales by 7 percent.
Douglas A. Berthiaume, chairman, president and CEO, said in a statement: “Our strong performance in the second quarter and first half of 2015 demonstrates the power of our technology-focused strategy and commitment to customer support. It also showcases our ability to continuously bring new innovations into the market while maintaining strong margins and strong free cash flow.”
Through the first six months of 2015, sales were $955 million, up 5 percent from $912 million during the first six months of 2014.
Berthiaume will be ceding the CEO role next month to Christopher J. O’Connell, who is joining Waters after 21 years at Medtronic, where he held several leadership positions.
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