Skip to main content
Premium Trial:

Request an Annual Quote

Waters Reports Increased Income for Q2

NEW YORK, July 22 -Waters reported a net 7 percent revenue increase for the second quarter today, and an 11 percent increase in quarterly income.


The Milford, Mass-based company, which manufactures instruments for mass spectrometry, high performance liquid chromatography, and thermal analysis, reported sales of $231.8 million for the quarter, compared to $217.2 million for the year-ago period.


"Despite a slowdown in our research mass spectrometry product lines, we were able to meet our earnings projections primarily through steady overall HPLC growth, our global presence, and prudent expense management," said Douglas Berthiaume, Chairman, president, and CEO of Waters, in a statement.


The company's R&D expense totaled $13.8 million, compared to $12.6 million for the second quarter of 2002.

Waters' net income for the second quarter came to $42.1 million, compared to $37.9 million for the year-ago period.


At the end of the quarter, the company had $283.0 million in cash and cash equivalents.

The Scan

US Booster Eligibility Decision

The US CDC director recommends that people at high risk of developing COVID-19 due to their jobs also be eligible for COVID-19 boosters, in addition to those 65 years old and older or with underlying medical conditions.

Arizona Bill Before Judge

The Arizona Daily Star reports that a judge is weighing whether a new Arizona law restricting abortion due to genetic conditions is a ban or a restriction.

Additional Genes

Wales is rolling out new genetic testing service for cancer patients, according to BBC News.

Science Papers Examine State of Human Genomic Research, Single-Cell Protein Quantification

In Science this week: a number of editorials and policy reports discuss advances in human genomic research, and more.