Waters(US:WAT) Prnewswire·2025-11-04 11:00Core Insights - Waters Corporation reported third quarter 2025 sales of $800 million, reflecting an 8% increase both as reported and in constant currency compared to $740 million in the same quarter of 2024 [1][14] - The company achieved diluted earnings per share (EPS) of $2.50 on a GAAP basis, down from $2.71 in the previous year, while non-GAAP EPS grew 16% to $3.40 from $2.93 [2][14] - The pharmaceutical segment experienced double-digit growth, driven by an ongoing instrument replacement cycle and new product offerings [3][14] Financial Performance - Sales for Q3 2025 were $800 million, an 8% increase from Q3 2024's $740 million [1][14] - Non-GAAP EPS for Q3 2025 was $3.40, a 16% increase from $2.93 in Q3 2024 [2][14] - Recurring revenue grew by 9% in constant currency, with the chemistry segment showing double-digit growth [14] Growth Drivers - The pharmaceutical segment grew by 11% in constant currency, with strong performance across all regions, particularly in the Americas [14] - The introduction of new products, such as the Affinity bioseparation columns and the Xevo™ Charge Detection Mass Spectrometer, contributed to growth in the chemistry portfolio [4][14] - The company is confident in achieving significant cost and revenue synergies from its integration with Becton, Dickinson and Company [4][14] Guidance - Waters Corporation raised its full-year 2025 constant currency sales growth guidance to a range of +6.7% to +7.3% [5][6] - The full-year 2025 non-GAAP EPS guidance was also raised to a range of $13.05 to $13.15, indicating a year-over-year growth of approximately +10% to +11% [6][7] - For Q4 2025, the company expects constant currency sales growth in the range of +5.0% to +7.0% and non-GAAP EPS between $4.45 and $4.55, reflecting a year-over-year growth of approximately +9% to +11% [7][14]