Waters’ ‘organic’ growth beats expectations
Waters Corp. beat analysts’ expectations for the first quarter thanks to “broad-based” organic growth, the Milford company reported Tuesday.
The international laboratory instrument manufacturer reported earnings per diluted share of $1.15 compared to 82 cents for the first quarter of 2014. That beat analysts’ estimates of $1.02 for the quarter.
The company also reported first-quarter sales of $460 million, an increase of 7 percent over the $431 million reported in the first quarter of 2014.
“Broad-based end customer, product and geographical demand characterized our exceptional organic revenue growth in the first quarter,” said president, CEO and chairman Douglas A. Berthiaume. “In addition, increased operating margins contributed to strong double-digit growth in our adjusted earnings per share and solid cash generation.”
WBJ Web Partners
Most Recent
Most Recent
0 Comments