Waters Corp Files Q3 2024 10-Q

TL;DR

**Waters Corp Q3 10-Q filed. Financials and operations detailed.**

AI Summary

Waters Corporation filed its 10-Q for the period ending September 28, 2024. The filing details financial performance and operational updates for the third quarter. Key financial data and business segments are presented, reflecting the company's ongoing activities in the laboratory analytical instruments sector.

Why It Matters

This filing provides investors with the latest financial results and operational details for Waters Corp, crucial for understanding the company's performance and future outlook.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 20240928 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
• 20241101 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)

Key Players & Entities

• WATERS CORP /DE/ (company) — Filer
• 34 MAPLE ST (location) — Business Address
• MILFORD (location) — Business City
• MA (location) — Business State
• 01757 (location) — Business Zip
• WCD INVESTORS INC /DE/ (company) — Former Company Name

FAQ

Key Financial Figures

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

Filing Documents

• d862492d10q.htm (10-Q) — 1470KB
• d862492dex311.htm (EX-31.1) — 10KB
• d862492dex312.htm (EX-31.2) — 10KB
• d862492dex321.htm (EX-32.1) — 3KB
• d862492dex322.htm (EX-32.2) — 3KB
• 0001193125-24-249126.txt ( ) — 7268KB
• wat-20240928.xsd (EX-101.SCH) — 46KB
• wat-20240928_cal.xml (EX-101.CAL) — 53KB
• wat-20240928_def.xml (EX-101.DEF) — 218KB
• wat-20240928_lab.xml (EX-101.LAB) — 401KB
• wat-20240928_pre.xml (EX-101.PRE) — 333KB
• d862492d10q_htm.xml (XML) — 1327KB

Financial Statements

Financial Statements Consolidated Balance Sheets (unaudited) as of September 28, 2024 and December 31, 2023 3 Consolidated Statements of Operations (unaudited) for the three months ended September 28, 2024 and September 30, 2023 4 Consolidated Statements of Operations (unaudited) for the nine months ended September 28, 2024 and September 30, 2023 5 Consolidated Statements of Comprehensive Income (unaudited) for the three and nine months ended September 28, 2024 and September 30, 2023 6 Consolidated Statements of Cash Flows (unaudited) for the nine months ended September 28, 2024 and September 30, 2023 7 Consolidated Statements of Stockholders' Equity (unaudited) for the three months ended September 28, 2024 and September 30, 2023 8 Consolidated Statements of Stockholders' Equity (unaudited) for the nine months ended September 28, 2024 and September 30, 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 35 Item 4.

Controls and Procedures

Controls and Procedures 36 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 5. Other Information 38 Item 6. Exhibits 39 Signature 40 Table of Contents

: Financial Statements

Item 1: Financial Statements WATERS CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (unaudited) September 28, 2024 December 31, 2023 ASSETS (In thousands, except per share data) Current assets: Cash and cash equivalents $ 330,514 $ 395,076 Investments 944 898 Accounts receivable, net 669,534 702,168 Inventories 518,994 516,236 Other current assets 127,738 138,489 Total current assets 1,647,724 1,752,867 Property, plant and equipment, net 642,627 639,073 Intangible assets, net 591,883 629,187 Goodwill 1,306,593 1,305,446 Operating lease assets 76,642 84,591 Other assets 246,151 215,690 Total assets $ 4,511,620 $ 4,626,854 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Notes payable and debt $ — $ 50,000 Accounts payable 94,596 84,705 Accrued employee compensation 79,356 69,391 Deferred revenue and customer advances 294,884 256,675 Current operating lease liabilities 25,346 27,825 Accrued income taxes 150,242 120,257 Accrued warranty 10,491 12,050 Other current liabilities 161,125 168,677 Total current liabilities 816,040 789,580 Long-term liabilities: Long-term debt 1,826,248 2,305,513 Long-term portion of retirement benefits 51,007 47,559 Long-term income tax liabilities 17,819 137,123 Long-term operating lease liabilities 53,234 58,926 Other long-term liabilities 144,173 137,812 Total long-term liabilities 2,092,481 2,686,933 Total liabilities 2,908,521 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 September 28, 2024 and December 31, 2023 — — Common stock, par value $ 0.01 per share, 400,000 shares authorized, 162,940 and 162,709 shares issued, 59,367 and 59,176 shares outstanding at September 28, 2024 and December 31, 2023, respectively 1,629 1,627 Add

View Full Filing

View this 10-Q filing on SEC EDGAR