Waters Reports First Quarter 2015 Financial Results
Waters Corporation reported today first quarter 2015 sales of $460 million, an increase of 7% in comparison to sales of $431 million in the first quarter of 2014. Foreign currency translation reduced sales growth by 8%. On a GAAP basis, earnings per diluted share (EPS) for the first quarter of 2015 were $1.15 compared to $0.82 for the first quarter of 2014. On a non-GAAP basis, including the adjustments in the attached reconciliation, EPS were up 32% to $1.21 compared to $0.92 in the prior year quarter.
Commenting on the quarter, Douglas A. Berthiaume, Chairman, President, and Chief Executive Officer, said, “Broad-based end customer, product and geographical demand characterized our exceptional organic revenue growth in the first quarter. In addition, increased operating margins contributed to strong double-digit growth in our adjusted earnings per share and solid cash generation.”
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