Waters Corp. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Waters Corp. has filed its 2023 annual report (10-K) detailing its financial performance and business operations.</b>

AI Summary

WATERS CORP /DE/ (WAT) filed a Annual Report (10-K) with the SEC on February 27, 2024. The company's fiscal year ends on December 31. The filing is a Form 10-K, indicating an annual report. Waters Corp. is incorporated in Delaware. The company's principal business address is 34 Maple St, Milford, MA 01757. The filing was submitted on February 27, 2024.

Why It Matters

For investors and stakeholders tracking WATERS CORP /DE/, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Waters Corp.'s financial health, operational performance, and strategic direction for the fiscal year 2023, crucial for investors to assess the company's value and future prospects. The detailed financial statements and risk factors within this report are essential for understanding the company's market position, potential challenges, and compliance with regulatory requirements.

Risk Assessment

Risk Level: medium — WATERS CORP /DE/ shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains a broad range of information. Specific risks are not detailed in the provided snippet, but the nature of a 10-K suggests potential market, operational, and financial risks inherent to a publicly traded company in the laboratory analytical instruments sector.

Analyst Insight

Review the full 10-K filing to understand Waters Corp.'s financial performance, strategic initiatives, and identified risks for the fiscal year 2023.

Key Numbers

• 20231231 — Fiscal Year End (Conformed Period of Report)
• 20240227 — Filing Date (Filed As Of Date)
• 34 MAPLE ST — Business Street (Business Address)
• MILFORD — Business City (Business Address)
• MA — Business State (Business Address)
• 01757 — Business Zip (Business Address)
• 5084782000 — Business Phone (Business Phone Number)
• 1000697 — Central Index Key (Filer Identification)

Key Players & Entities

• WATERS CORP /DE/ (company) — Filer
• 34 MAPLE ST (address) — Business Address
• MILFORD (location) — Business Address City
• MA (location) — Business Address State
• 01757 (postal_code) — Business Address Zip
• WCD INVESTORS INC /DE/ (company) — Former Company Name
• 19960605 (date) — Date of Name Change
• 20240227 (date) — Filed As Of Date

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-02-27: Filing Date — Date the 10-K was officially submitted to the SEC.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share WAT New York Stock Exchan
• $1.3 billion — "Wyatt"), for a total purchase price of $1.3 billion in cash. Wyatt is a pioneer in innovati

Filing Documents

• d691142d10k.htm (10-K) — 3029KB
• d691142dex35.htm (EX-3.5) — 129KB
• d691142dex211.htm (EX-21.1) — 9KB
• d691142dex231.htm (EX-23.1) — 2KB
• d691142dex311.htm (EX-31.1) — 11KB
• d691142dex312.htm (EX-31.2) — 11KB
• d691142dex321.htm (EX-32.1) — 4KB
• d691142dex322.htm (EX-32.2) — 4KB
• d691142dex97.htm (EX-97) — 22KB
• g691142g31a55.jpg (GRAPHIC) — 73KB
• 0001193125-24-047491.txt (&nbsp;) — 17024KB
• wat-20231231.xsd (EX-101.SCH) — 94KB
• wat-20231231_cal.xml (EX-101.CAL) — 105KB
• wat-20231231_def.xml (EX-101.DEF) — 598KB
• wat-20231231_lab.xml (EX-101.LAB) — 856KB
• wat-20231231_pre.xml (EX-101.PRE) — 819KB
• d691142d10k_htm.xml (XML) — 3652KB

Risk Factors

Risk Factors 16 1B. Unresolved Staff Comments 27 1C. Cybersecurity 27 2.

Properties

Properties 29 3.

Legal Proceedings

Legal Proceedings 30 4. Mine Safety Disclosures 30 PART II 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 31 6. Reserved 34 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 47 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 50 Report of Independent Registered Public Accounting Firm (PCAOB ID 238) 51 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 101 9A.

Controls and Procedures

Controls and Procedures 101 9B. Other Information 101 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 102 PART III 10. Directors, Executive Officers and Corporate Governance 102 11.

Executive Compensation

Executive Compensation 103 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 103 13. Certain Relationships and Related Transactions and Director Independence 104 14. Principal Accountant Fees and Services 104 PART IV 15. Exhibits and Financial Statement Schedules 105 16. Form 10-K Summary 108

Signatures

Signatures 109 Table of Contents PART I Item1: Business General Waters Corporation (the "Company," "Waters," "we," "our," or "us"), a global leader in analytical instruments and software, has pioneered innovations in chromatography, mass spectrometry and thermal analysis serving life, materials and food sciences for more than 65 years. With approximately 7,900 employees worldwide, Waters operates directly in over 35 countries and has products available in more than 100 countries. The Company primarily designs, manufactures, sells and services high-performance liquid chromatography ("HPLC"), ultra-performance liquid chromatography ("UPLC" and together with HPLC, referred to as "LC") and mass spectrometry ("MS") technology systems and support products, including chromatography columns, other consumable products and comprehensive post-warranty service plans. These systems are complementary products that are frequently employed together ("LC-MS") and sold as integrated instrument systems using common software platforms. In addition, the Company designs, manufactures, sells and services thermal analysis, rheometry and calorimetry instruments through its TA Instruments TM ("TA") product line. The Company is also a developer and supplier of advanced software-based products that interface with the Company's instruments, as well as other manufacturers' instruments. The Company's products are used by pharmaceutical, clinical, biochemical, industrial, nutritional safety, environmental, academic and governmental customers working in research and development, quality assurance and other laboratory applications. LC is a standard technique and is utilized in a broad range of industries to detect, identify, monitor and measure the chemical, physical and biological composition of materials, and to purify a full range of compounds. MS technology, principally in conjunction with chromatography, is employed in drug discovery and development, including clinical trial testi

View Full Filing

View this 10-K filing on SEC EDGAR