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Monday June 18, 5:00 pm Eastern Time
Press Release
Waters Corporation Updates Second Quarter 2001 Earnings Outlook
MILFORD, Mass.--(BUSINESS WIRE)--June 18, 2001--Waters Corporation (NYSE:WAT - news) updated its earnings outlook for the second quarter of 2001 today. The Company last addressed its expectations during its April 27, 2001 conference call held to discuss first quarter 2001 financial results. Estimates for the second quarter of 2001 at that time were for sales growth before currency effects of between 14% and 16% compared to the second quarter of 2000, sales growth of between 10% and 12% after currency effects, and earnings per diluted share of $0.33, subject to normal tolerances of $0.01 to $0.02.

It now appears that sales growth will be slower and, therefore, earnings lower for the second quarter of 2001. This slower sales growth largely relates to the Company`s mass spectrometry product line. Douglas A. Berthiaume, Chairman and Chief Executive Officer, said: ``Following a sustained period of dramatic growth, the Company`s mass spectrometry business is currently experiencing a slowdown in sales. This slowdown is believed to be attributed partially to delayed purchases within large pharmaceutical customer accounts deciding between a multitude of new products recently introduced by the Company and its competitors.`` For the second quarter of 2001, possible sales growth before currency effects is now estimated between 7% and 10%, sales growth after currency effects is estimated between 2% and 5% (assuming that today`s exchange rates remain unchanged through quarter end), and earnings per diluted share are estimated at $0.29, subject to normal tolerances of $0.01 to $0.02.

The Company`s ability to estimate results for the second half of 2001 is somewhat limited currently. The Company plans to provide information regarding the second half in conjunction with its second quarter 2001 earnings release scheduled for July 24, 2001.

The Company will webcast its conference call to discuss this update on Tuesday, June 19, 2001, at 8:00 a.m. eastern time. To listen to the call, connect to www.waters.com and access the investor relations section. A replay will be available through June 22, 2001 similarly by webcast, and also by phone at 402-998-1479.

CAUTIONARY STATEMENT

Most statements contained herein are forward looking. All such statements reflect only current expectations and actual results may differ materially. The Company does not obligate or commit itself, by providing the guidance above, to update predictions. Many factors could cause results to differ from these statements, including actual results for the balance of the quarter, loss of market share through competition, introduction of competing products by other companies, changes in the healthcare market and the pharmaceutical industry, changes in distribution of the Company`s products and foreign exchange fluctuations. Many of these factors are discussed in detail in the Company`s Securities and Exchange Commission filings.

ABOUT WATERS CORPORATION

Waters Corporation holds worldwide leading positions in three complementary analytical technologies--high performance liquid chromatography, mass spectrometry and thermal analysis--which account for $4 billion in annual revenues of the $18 billion analytical instrument industry total.

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Ein etwas heftiger Abschlag für diese Nachricht. Noch hab ich Waters nur auf der Watchlist und nicht im Depot. Hat jemand weiterführende Infos aus der Brache?

Vielen Dank vorab für Rückmeldungen.

Gruß
@sse

[@sse]

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Waters up after meeting lowered Q2 net (WAT) By Michael Baron
Waters Corp. (WAT) is adding $2.88, or 11.3 percent, to $28.27, after the Milford, Mass., analytical technology firm reported second-quarter earnings of $39.3 million, or 29 cents a share, up from a year-ago profit of $38.4 million, or 28 cents a share, and in line with lowered Wall Street expectations. Sales rose in the latest three months to $206.8 million from $197.4 million in the same period a year earlier. "Although second quarter results didn`t achieve our original expectations, our profitability and financial position remain substantial, and we are optimistic about our future business prospects," said Douglas Berthiaume, the company`s chairman and CEO, in a press release. "We anticipate steady improvement in sales growth rates and profitability going forward."

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Waters Corporation Second Quarter 2001 Sales Up 9% Before Currency Effects, Earnings Per Diluted Share Up 4%
TUESDAY, JULY 24, 2001 7:00 AM
- BusinessWire

MILFORD, Mass., Jul 24, 2001 (BUSINESS WIRE) -- Waters Corporation (NYSE:WAT) reported today that second quarter 2001 sales increased by 9% over prior year levels before unfavorable currency effects. After currency effects, reported sales growth was 5%. Earnings per diluted share (E.P.S.) were $0.29 for the quarter, representing a 4% increase over prior year E.P.S. of $0.28.

Douglas A. Berthiaume, Chairman and Chief Executive Officer, said: "Consistent with our mid-June update, second quarter sales growth slowed from recent historical levels principally in our mass spectrometry product line. Demand for our quadrupole time-of-flight mass spectrometry products grew very strongly during the quarter, reflecting expanding interest from proteomics customers. However sales of our triple quadrupole products were flat and sales of other mass spectrometry products declined, resulting from both difficult prior year comparisons and slowed customer purchase decisions, particularly within large pharmaceutical accounts. Our HPLC product line continued to perform well with growth in the low double digits. Thermal analysis sales were down slightly as the industrial chemical customer base for this product line continued to be weak. Although second quarter results didn`t achieve our original expectations, our profitability and financial position remain substantial, and we are optimistic about our future business prospects. We anticipate steady improvement in sales growth rates and profitability going forward."

As communicated in a prior press release, Waters Corporation will webcast its second quarter 2001 financial results conference call this morning, July 24, 2001, at 8:30 a.m. eastern time. To listen to the call, connect to www.waters.com and access the investor relations section. A replay of the call will be available from today through July 30, 2001 similarly by webcast, and also by phone at 402-998-0680.

Waters Corporation holds worldwide leading positions in three complementary analytical technologies - high performance liquid chromatography, thermal analysis and mass spectrometry - which account for $4 billion in annual revenues of the $18 billion analytical instrument industry total.

CAUTIONARY STATEMENT
Certain statements contained herein are forward looking. Many factors could cause actual results to differ from these statements, including loss of market share through competition, introduction of competing products by other companies, pressures on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of new products, changes in the healthcare market and the pharmaceutical industry, changes in distribution of the Company`s products, and foreign exchange fluctuations. Such factors are discussed in detail in the Company`s filings with the Securities and Exchange Commission.

Waters Corporation and Subsidiaries
Consolidated Statements of Operations
(In thousands, except per share data)
(Unaudited)

Three Months Ended Six Months Ended
June 30 June 30
2001 2000 2001 2000

Net sales 206,803 197,408 407,835 377,610
Cost of sales 75,545 71,777 148,843 138,117

Gross profit 131,258 125,631 258,992 239,493

Selling, general
and administrative
expenses 67,169 61,060 133,076 121,455
Research and
development
expenses 11,741 10,557 22,779 20,919
Goodwill and
purchased technology
amortization 1,771 1,760 3,519 3,571

Operating income 50,577 52,254 99,618 93,548

Interest income
(expense), net 1,151 (343) 2,637 (1,044)
Income before
income taxes 51,728 51,911 102,255 92,504

Provision for
income taxes 12,415 13,506 24,542 24,051
Income before
cumulative
effect of
change in
accounting
principle 39,313 38,405 77,713 68,453

Cumulative effect of
change in accounting
principle (A) -- -- -- (10,771)
Net income 39,313 38,405 77,713 57,682

Income per basic
common share:
Net income before
cumulative effect
of accounting
principle change 0.30 0.30 0.60 0.54
Cumulative effect
of change in
accounting
principle (A) -- -- -- (0.09)
Net income 0.30 0.30 0.60 0.45

Income per diluted
common share:
Net income before
cumulative effect
of accounting
principle change 0.29 0.28 0.56 0.50
Cumulative effect
of change in
accounting
principle (A) -- -- -- (0.08)
Net income 0.29 0.28 0.56 0.42

Weighted average
number of basic
common shares 130,564 126,914 130,363 126,246

Weighted average
number of diluted
common shares
and equivalents 137,564 136,222 137,785 135,720


(A) Effect at January 1, 2000 of adopting Securities and Exchange
Commission Staff Accounting Bulletin #101, recorded in first
quarter 2000






Waters Corporation and Subsidiaries
Condensed Consolidated Balance Sheets
(In Thousands)

June 30, December 31,
2001 2000
(Unaudited)

Cash and cash equivalents 134,514 75,509
Accounts receivable 162,315 167,713
Inventories 107,478 87,275
Other current assets 16,862 13,299
Total current assets 421,169 343,796

Property, plant and equipment, net 109,873 102,608
Other assets 245,080 245,941
Total assets 776,122 692,345

Notes payable 2,179 4,879
Accounts payable and accrued expenses 226,264 215,654
Total current liabilities 228,443 220,533

Other liabilities 19,905 20,031
Total liabilities 248,348 240,564

Total equity 527,774 451,781
Total liabilities and equity 776,122 692,345

CONTACT: Waters Corporation
Brian Mazar, Vice President of Investor Relations
508-482-2193

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KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
EARNINGS