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Waters Corporation (NYSE: WAT) is a global leader in the field of analytical instruments and software solutions. For nearly six decades, the company has pioneered advancements in chromatography, mass spectrometry, and thermal analysis, catering to life, materials, and food sciences. Headquartered in Milford, Massachusetts, Waters Corp. operates directly in 35 countries, supported by approximately 8,000 employees and 15 manufacturing facilities globally.
Waters' main business segments include Waters, TA Instruments, VICAM, ERA, and Nonlinear Dynamics. The company's diverse product portfolio features ultra-performance liquid chromatography (UPLC), high-performance liquid chromatography (HPLC), chromatography columns, mass spectrometry systems, and laboratory informatics solutions. These innovations empower laboratory-dependent organizations to achieve advancements in healthcare, environmental management, food safety, and water quality.
Waters Corporation serves a wide array of customers, including biopharmaceutical companies (57% of sales), industrial clients (31% of sales), and academic/government institutions (12% of sales). The company’s products are available in over 100 countries, ensuring a broad market reach.
Recent achievements include the launch of new accessories for TA Instruments Discovery Hybrid Rheometers, designed for battery formulation analysis, and the introduction of Oasis WAX/GCB and GCB/WAX Cartridges for PFAS analysis. These innovations reflect the company’s commitment to addressing emerging scientific challenges and regulatory requirements. Additionally, Waters continues to enhance its mass spectrometry capabilities with products like the ACQUITY QDa II Mass Detector and the Xevo MRT MS, aimed at accelerating research in pharmaceuticals, food, chemicals, and materials.
Financially, Waters Corporation reported first-quarter 2024 sales of $637 million, with a strategic focus on innovation and operational efficiency. Despite a 7% decrease in sales compared to the previous year, the company remains optimistic about future growth, driven by new product launches and higher growth areas.
Waters Corporation stands as a pivotal player in the analytical instruments industry, consistently driving scientific advancements and operational excellence.
Waters Corporation (NYSE: WAT) announced significant leadership changes as part of its transformation program. Amol Chaubal will become the new CFO on May 12, 2021, bringing extensive financial experience from Quanterix Corporation. Michael Silveira resumes his role as Corporate Controller. Retirements for Dr. Mike Harrington and Ian King will take effect on July 2, 2021. The company has established an Innovation Board to enhance R&D collaboration. Jonathan Pratt and Jianqing Bennett have been appointed in key positions, aiming to drive growth and innovation.
Waters Corporation (NYSE:WAT) and Genovis AB are partnering to create automated biopharmaceutical characterization workflows using Waters' BioAccord LC-MS System, Andrew+ pipetting robot, and Genovis' SmartEnzymes. This collaboration aims to improve the speed and consistency of analytical processes involving monoclonal antibodies and protein-based drugs. By integrating automation and advanced enzyme technology, they target enhancements in quality control and bioprocess development, addressing significant bottlenecks in current biologics analysis.
Waters Corporation (NYSE:WAT) will webcast its Q1 2021 financial results conference call on May 5, 2021, at 8:00 a.m. ET. Interested parties can access the live broadcast via the Waters website. The company, a leader in specialty measurement, has over 7,400 employees across 35 countries and has been a pioneer in chromatography and mass spectrometry for over 60 years. A replay of the conference call will be available until May 12, 2021.
Waters Corporation (NYSE: WAT) has unveiled a new peptide multi-attribute method (MAM) workflow for its BioAccord™ LC-MS System. This innovation allows scientists in drug development and QC to efficiently monitor the efficacy and safety of monoclonal antibodies and protein-based drugs. The workflow enhances the analysis of critical quality attributes (CQAs), including product variants and impurities, improving decision-making in manufacturing. This system aims to democratize mass spectrometry use by making it accessible to scientists with limited experience.
Waters Corporation (NYSE: WAT) announced the launch of the ACQUITY RDa™ Detector, featuring SmartMS™ technology. This new time-of-flight (TOF) mass spectrometer simplifies the small molecule analysis process across pharmaceutical, academic, food, and forensic applications. The RDa Detector promises high mass accuracy and ease of use, enabling quicker decision-making with robust workflows. Optimized for critical applications, it supports compliance and data integrity. The product is now available worldwide through Waters and its distributors.
Waters Corporation (NYSE:WAT) has partnered with TetraScience to offer the Empower™ Data Science Link, enhancing access to chromatography data for life sciences organizations. This cloud-native technology enables users to export data into third-party analysis tools, accelerating scientific discovery through advanced analytics. The collaboration allows Empower-enabled organizations to leverage distributed data for actionable insights, critical for quality-driven activities.
Waters Corporation (NYSE:WAT) announced that Udit Batra, Ph.D., President and CEO, will speak at the Cowen Healthcare Conference on March 3, 2021, at 2:40 PM EST. Investors interested in the presentation can access the live webcast via the Waters website in the investor relations section. Waters Corporation is a leader in specialty measurement, providing innovations in chromatography, mass spectrometry, and thermal analysis for over 60 years, with a workforce of more than 7,000 employees operating in 35 countries.
Waters Corporation (NYSE:WAT) has launched the ACQUITY PREMIER Solution, a next-generation liquid chromatograph featuring the innovative MaxPeak High Performance Surface (HPS) technology. This breakthrough aims to enhance analytical data quality and reduce the need for costly sample passivation. The ACQUITY PREMIER solution improves analyte recovery, assay reproducibility, and cuts sample-to-results time, specifically for metal-sensitive analytes. Senior VP Ian King highlighted its potential to redefine value in separations science, contributing significantly to drug development and scientific progress.
Waters Corporation (NYSE: WAT) reported fourth quarter 2020 sales of $787 million, a 10% increase from $716 million in Q4 2019. Diluted EPS rose to $3.49 from $3.12. For fiscal 2020, total sales were $2,365 million, a 2% decrease from $2,407 million in 2019. Despite challenges, the company expects 2021 constant-currency sales growth of 5% to 8% and non-GAAP EPS of $9.32 to $9.57. The Board approved an extension of the share repurchase program with $1.5 billion remaining. Full details available in the Investor Relations section.
Waters Corporation (NYSE:WAT) has launched the Otto SPEcialist Positive Pressure Manifold, designed to enhance the reliability of solid phase extraction (SPE) in laboratories. This semi-automated system features 21 CFR Part 11 compliant software that minimizes workflow errors and user variability, promoting reproducible results. The Otto SPEcialist system accommodates various SPE device sizes and provides precise control over sample processing. Unlike complex automated systems, it is user-friendly and requires minimal setup costs, making it an efficient solution for laboratories across pharmaceutical, biopharmaceutical, food and beverage, and environmental sectors.
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