Waters reports Q1 adjusted EPS $2.70, consensus $2.31

Reports Q1 revenue $1.27B, consensus $1.2B. “Thanks to the hard work of our teams, we delivered an excellent first quarter as a combined company,” said Udit Batra, President & Chief Executive Officer, Waters (WAT) Corporation. “Our Biosciences and Advanced Diagnostics Divisions are off to a strong start with a significant improvement in growth rates versus pre-close trends, due to increased execution discipline, a sharper focus on upcoming new product launches, and superb collaboration with our Analytical Sciences Division which has already enabled the realization of revenue synergies. In parallel, the instrument replacement cycle, success of new product launches, and our idiosyncratic growth drivers are continuing to fuel exceptional momentum in our organic revenue growth rates.”