Waters Q2 sales fall 4% to $709 million; non-GAAP EPS $2.63 vs $2.80 a year earlier
Waters reported second quarter 2024 sales of $709 million, down 4% as reported from $741 million a year earlier, with the company saying results exceeded its own reported guidance. Non-GAAP EPS was $2.63 versus $2.80 a year earlier, and GAAP diluted EPS was $2.40 versus $2.55, while the company now expects full-year 2024 non-GAAP EPS of $11.55 to $11.65.
Key points
- Q2 2024 sales were $709 million, down 4% as reported and 4% in organic constant currency; currency reduced sales 2% and acquisitions added 2%.
- Instrument system sales fell 14% as reported, while recurring revenues rose 4%; Academic & Government sales fell 15%.
- Full-year 2024 organic constant currency sales growth is now expected at -2.0% to -0.5%, with non-GAAP EPS of $11.55 to $11.65.
- Third quarter 2024 non-GAAP EPS is expected at $2.60 to $2.70, and the company cited the potential for a more gradual market improvement in the second half.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.