July 27, 2017

Waters sales up 4% to $537 million

A Waters product. The Milford company brought in $558 million in sales in the second quarter.

Waters Corp., a Milford producer of scientific software and other products, had second-quarter sales of $558 million, a 4-percent growth, the company reported Tuesday.

Net income for the company rose to $132 million, a year-to-year increase of just under 3 percent.

Sales fell in the Americas by 3 percent in the quarter ending June 30, but grew by 14 percent in Asia and 5 percent in Europe. Those trends remained consistent from the prior quarter.

Waters stock fell sharply Tuesday on the earnings report, from $185 at the close of trading Monday to $175 at the opening bell Tuesday. Shares of the company were at an all-time high earlier in the month at $186.

Waters has about 7,000 employees worldwide and operates directly in 31 countries, including 15 manufacturing facilities.

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