WAT - Waters Non-GAAP EPS of $2.75 beats by $0.08 revenue of $714M beats by $7.23M
- Waters press release ( NYSE: WAT ): Q2 Non-GAAP EPS of $2.75 beats by $0.08 .
- Revenue of $714M (+4.7% Y/Y) beats by $7.23M .
- Broad-based performance across all end-markets and major geographies, led by mid-teens growth in the U.S. and 9% constant currency growth in China
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The Company is raising its full-year 2022 guidance, and now expects constant currency sales growth in the range of 9.5% to 10.5%. Currency translation is expected to decrease full-year sales growth by approximately five percentage points. The Company is reaffirming the mid-point of its full-year 2022 non-GAAP EPS guidance with an updated range of $11.95 to $12.05, which includes an estimated headwind of approximately 9% due to unfavorable foreign currency translation.
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The Company expects third quarter 2022 constant currency sales growth in the range of 8% to 10%. Currency translation is expected to decrease third quarter sales growth by approximately six percentage points. The Company expects third quarter 2022 non-GAAP EPS in the range of $2.50 to $2.60, which includes an estimated headwind of approximately 10% due to unfavorable foreign currency translation.
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Waters Non-GAAP EPS of $2.75 beats by $0.08, revenue of $714M beats by $7.23M