Waters Corp Q2 2024: $1.53B in Sales

TL;DR

**Waters Corp Q2 2024: $1.53B in sales YTD. Fiscal year ends Dec 31.**

AI Summary

Waters Corporation reported its Q2 2024 results, with net sales for the six months ended June 29, 2024, reaching $1.53 billion. The company's fiscal year ends on December 31st. This filing covers the period up to June 29, 2024.

Why It Matters

This 10-Q filing provides investors with a detailed look at Waters Corporation's financial performance and position as of the second quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediately apparent unusual risks or negative developments.

Key Numbers

• $1.53B — Net Sales (YTD) (For the six months ended June 29, 2024)
• 20240629 — Reporting Period End Date (Covers the second quarter of 2024)
• 1231 — Fiscal Year End (Indicates the end of the company's financial year)

Key Players & Entities

• WATERS CORP /DE/ (company) — Filer
• 0001000697 (company) — Central Index Key
• 34 MAPLE ST (location) — Business Address
• MILFORD (location) — Business City
• MA (location) — Business State
• 01757 (location) — Business Zip
• 5084782000 (phone) — Business Phone

FAQ

Key Financial Figures

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

Filing Documents

• d826830d10q.htm (10-Q) — 1400KB
• d826830dex31.htm (EX-3.1) — 5KB
• d826830dex102.htm (EX-10.2) — 38KB
• d826830dex311.htm (EX-31.1) — 10KB
• d826830dex312.htm (EX-31.2) — 10KB
• d826830dex321.htm (EX-32.1) — 3KB
• d826830dex322.htm (EX-32.2) — 3KB
• g826830g0726203002596.jpg (GRAPHIC) — 4KB
• 0001193125-24-189466.txt ( ) — 7290KB
• wat-20240629.xsd (EX-101.SCH) — 45KB
• wat-20240629_cal.xml (EX-101.CAL) — 52KB
• wat-20240629_def.xml (EX-101.DEF) — 220KB
• wat-20240629_lab.xml (EX-101.LAB) — 402KB
• wat-20240629_pre.xml (EX-101.PRE) — 336KB
• d826830d10q_htm.xml (XML) — 1423KB

Financial Statements

Financial Statements Consolidated Balance Sheets (unaudited) as of June 29, 2024 and December 31, 2023 3 Consolidated Statements of Operations (unaudited) for the three months ended June 29, 2024 and July 1, 2023 4 Consolidated Statements of Operations (unaudited) for the six months ended June 29, 2024 and July 1, 2023 5 Consolidated Statements of Comprehensive Income (unaudited) for the three and six months ended June 29, 2024 and July 1, 2023 6 Consolidated Statements of Cash Flows (unaudited) for the six months ended June 29, 2024 and July 1, 2023 7 Consolidated Statements of Stockholders' Equity (unaudited) for the three months ended June 29, 2024 and July 1, 2023 8 Consolidated Statements of Stockholders' Equity (unaudited) for the six months ended June 29, 2024 and July 1, 2023 9 Condensed Notes to Consolidated Financial Statements (unaudited) 10 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 25 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 35 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 35 Item 1A.

Risk Factors

Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 5. Other Information 36 Item 6. Exhibits 37 Signature 38 Table of Contents

: Financial Statements

Item 1: Financial Statements WATERS CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (unaudited) June 29, 2024 December 31, 2023 (In thousands, except per share data) ASSETS Current assets: Cash and cash equivalents $ 326,427 $ 395,076 Investments 934 898 Accounts receivable, net 610,088 702,168 Inventories 522,927 516,236 Other current assets 143,307 138,489 Total current assets 1,603,683 1,752,867 Property, plant and equipment, net 636,110 639,073 Intangible assets, net 596,398 629,187 Goodwill 1,297,796 1,305,446 Operating lease assets 81,124 84,591 Other assets 233,936 215,690 Total assets $ 4,449,047 $ 4,626,854 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Notes payable and debt $ — $ 50,000 Accounts payable 78,436 84,705 Accrued employee compensation 56,037 69,391 Deferred revenue and customer advances 316,933 256,675 Current operating lease liabilities 26,367 27,825 Accrued income taxes 134,265 120,257 Accrued warranty 10,437 12,050 Other current liabilities 140,057 168,677 Total current liabilities 762,532 789,580 Long-term liabilities: Long-term debt 2,006,009 2,305,513 Long-term portion of retirement benefits 48,582 47,559 Long-term income tax liabilities 17,587 137,123 Long-term operating lease liabilities 56,346 58,926 Other long-term liabilities 146,024 137,812 Total long-term liabilities 2,274,548 2,686,933 Total liabilities 3,037,080 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 June 29, 2024 and December 31, 2023 — — Common stock, par value $ 0.01 per share, 400,000 shares authorized, 162,926 and 162,709 shares issued, 59,353 and 59,176 shares outstanding at June 29, 2024 and December 31, 2023, respectively 1,629 1,627 Additional paid-in cap

View Full Filing

View this 10-Q filing on SEC EDGAR