WAT - Waters Corporation (WAT) Q1 2024 Earnings Call Transcript

2024-05-07 11:53:13 ET

Waters Corporation (WAT)

Q1 2024 Earnings Conference Call

May 07, 2024, 08:30 ET

Company Participants

Caspar Tudor - Director, IR

Udit Batra - President, CEO & Director

Amol Chaubal - SVP & CFO

Conference Call Participants

Daniel Brennan - TD Cowen

Vijay Kumar - Evercore ISI

Michael Ryskin - Bank of America Merrill Lynch

Daniel Leonard - UBS

Douglas Schenkel - Wolfe Research

Catherine Schulte - Robert W. Baird & Co.

Matthew Sykes - Goldman Sachs Group

Patrick Donnelly - Citigroup

Rachel Vatnsdal - JPMorgan Chase & Co.

Presentation

Operator

Good morning. Welcome to the Waters Corporation First Quarter 2024 Financial Results Conference Call. [Operator Instructions]. This call is being recorded. If anyone has objections, please disconnect at this time. It is now my pleasure to turn the call over to Mr. Caspar Tudor, Head of Investor Relations. Please go ahead, sir.

Caspar Tudor

Thank you, Ivy. Good morning, everyone, and welcome to the Waters Corporation First Quarter Earnings Call. Today, I'm joined by Dr. Udit Batra, Waters' President and Chief Executive Officer; and Amol Chaubal, Waters' Senior Vice President and Chief Financial Officer. Before we begin, I will cover the cautionary language. I would like to first point out that our earnings release and the slide presentation supplementing today's call are available on the Investor Relations section of our website. In this conference call, we will make various forward-looking statements regarding future events or future financial performance of the company.

In particular, we will provide guidance regarding possible future results and commentary on potential market and business conditions that may impact Waters Corporation over the second quarter of 2024 and full year 2024. These statements are only our present expectations and actual events or results may differ materially. For more details, please see the risk factors included in our most recent annual report on Form 10-K, our Form 10-Qs and the cautionary language included in this morning's earnings release. During today's call, we will refer to certain non-GAAP financial measures, including in our discussions of the results of operations.

Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures are attached to our earnings release issued this morning and in the appendix of our presentation, which are available on the company's website. Unless stated otherwise, references to quarterly results increasing or decreasing are in comparison to the first quarter of fiscal year 2023 in organic constant currency terms. In addition, unless stated otherwise, all year-over-year revenue growth rates and ranges given on today's call, are given on a comparable organic constant currency basis.

Finally, we do not intend to update our guidance, predictions or projections, except as part of a regularly scheduled quarterly earnings release or as otherwise required by law. ...

For further details see: