Waters Corp. Files 10-Q for Period Ending March 30, 2024

TL;DR

<b>Waters Corp. files its quarterly report (10-Q) for the period ending March 30, 2024.</b>

AI Summary

WATERS CORP /DE/ (WAT) filed a Quarterly Report (10-Q) with the SEC on May 7, 2024. Filing is a 10-Q for Waters Corp. /DE/ for the period ending March 30, 2024. The company's fiscal year ends on December 31. Filed as of May 7, 2024. Previous company name was WCD Investors Inc. /DE/, with a name change date of June 5, 1996. Business and mailing address is 34 Maple St, Milford, MA 01757.

Why It Matters

For investors and stakeholders tracking WATERS CORP /DE/, this filing contains several important signals. This filing provides an update on the company's financial performance and position for the first quarter of 2024. It allows investors and analysts to assess the company's operational results and compare them to previous periods and market expectations.

Risk Assessment

Risk Level: low — WATERS CORP /DE/ shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant new risks beyond those typically associated with public companies.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand the company's performance and outlook.

Key Numbers

• 2024-03-30 — Reporting Period End Date (Conformed Period of Report)
• 2024-05-07 — Filing Date (Filed as of Date)
• 1996-06-05 — Date of Name Change (Former company name change)

Key Players & Entities

• WATERS CORP /DE/ (company) — Filer
• WCD INVESTORS INC /DE/ (company) — Former company name
• Milford (location) — Business address city
• MA (location) — Business address state
• 01757 (location) — Business address zip

FAQ

Industry Context

Waters Corporation operates in the laboratory analytical instruments industry, providing scientific instruments, software, and services.

Regulatory Implications

This filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow.
2. Review the Management's Discussion and Analysis (MD&A) for insights into operational performance and future outlook.
3. Check for any new risk factors or significant changes in the company's financial condition.

Year-Over-Year Comparison

This is the 10-Q filing for the first quarter of 2024, following the 10-K annual report filed previously.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share WAT New York Stock Exchange

Filing Documents

• d798210d10q.htm (10-Q) — 1114KB
• d798210dex311.htm (EX-31.1) — 10KB
• d798210dex312.htm (EX-31.2) — 10KB
• d798210dex321.htm (EX-32.1) — 4KB
• d798210dex322.htm (EX-32.2) — 4KB
• 0001193125-24-132558.txt (&nbsp;) — 6375KB
• wat-20240330.xsd (EX-101.SCH) — 46KB
• wat-20240330_cal.xml (EX-101.CAL) — 51KB
• wat-20240330_def.xml (EX-101.DEF) — 216KB
• wat-20240330_lab.xml (EX-101.LAB) — 396KB
• wat-20240330_pre.xml (EX-101.PRE) — 330KB
• d798210d10q_htm.xml (XML) — 1086KB

Financial Statements

Financial Statements Consolidated Balance Sheets (unaudited) as of March 30, 2024 and December 31, 2023 3 Consolidated Statements of Operations (unaudited) for the three months ended March 30, 2024 and April 1, 2023 4 Consolidated Statements of Comprehensive Income (unaudited) for the three months ended March 30, 2024 and April 1, 2023 5 Consolidated Statements of Cash Flows (unaudited) for the three months ended March 30, 2024 and April 1, 2023 6 Consolidated Statements of Stockholders' Equity (unaudited) for the three months ended March 30, 2024 and April 1, 2023 7 Condensed Notes to Consolidated Financial Statements (unaudited) 8 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 31 Item 4.

Controls and Procedures

Controls and Procedures 32 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 32 Item 1A.

Risk Factors

Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 Item 5. Other Information 33 Item 6. Exhibits 34 Signature 35 Table of Contents

: Financial Statements

Item 1: Financial Statements WATERS CORPORATION AND SU BSIDIARIES CONSOLIDATED BALANCE SHEETS (unaudited) March 30, 2024 December 31, 2023 (In thousands, except per share data) ASSETS Current assets: Cash and cash equivalents $ 337,290 $ 395,076 Investments 923 898 Accounts receivable, net 626,329 702,168 Inventories 538,634 516,236 Other current assets 139,782 138,489 Total current assets 1,642,958 1,752,867 Property, plant and equipment, net 633,594 639,073 Intangible assets, net 611,147 629,187 Goodwill 1,297,826 1,305,446 Operating lease assets 81,065 84,591 Other assets 242,374 215,690 Total assets $ 4,508,964 $ 4,626,854 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Notes payable and debt $ 50,000 $ 50,000 Accounts payable 86,219 84,705 Accrued employee compensation 65,098 69,391 Deferred revenue and customer advances 336,718 256,675 Current operating lease liabilities 26,879 27,825 Accrued income taxes 120,520 120,257 Accrued warranty 10,853 12,050 Other current liabilities 152,172 168,677 Total current liabilities 848,459 789,580 Long-term liabilities: Long-term debt 2,005,761 2,305,513 Long-term portion of retirement benefits 48,977 47,559 Long-term income tax liabilities 137,439 137,123 Long-term operating lease liabilities 55,927 58,926 Other long-term liabilities 155,876 137,812 Total long-term liabilities 2,403,980 2,686,933 Total liabilities 3,252,439 3,476,513 Commitments and contingencies (Notes 6, 7 and 9) Stockholders' equity: Preferred stock, par value $ 0.01 per share, 5,000 shares authorized, no ne issued at March 30, 2024 and December 31, 2023 — — Common stock, par value $ 0.01 per share, 400,000 shares authorized, 162,882 and 162,709 shares issued, 59,310 and 59,176 shares outstanding at March 30, 2024 and December 31, 2023, respectively 1,629 1,627 Additional paid

View Full Filing

View this 10-Q filing on SEC EDGAR