Waters (WAT) 10-K Summary — Year Ended Dec 31, 2024
Waters Corporation filed its annual report, detailing financial results and operational updates. The filing covers the company's business, risk factors, and liquidity position.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Waters Corporation filed its annual report, detailing financial results and operational updates. The filing covers the company's business, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$3B
Revenue reported for the fiscal year.
Operating income
$826.4M
Income from operations reported for the year.
Net income
$637.8M
Net income reported for the year.
Operating cash flow
$762.1M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $3B | n/a |
Business overview
Waters Corporation is a global leader in analytical instruments and software, specializing in chromatography, mass spectrometry, and thermal analysis. The company serves life sciences, materials sciences, and food sciences, operating directly in over thirty-five countries with products available in more than one hundred countries. It designs, manufactures, sells, and services high-performance and ultra-performance liquid chromatography systems.
Financial performance
Revenue for the period was reported at a level consistent with prior trends. Operating income and net income showed changes, while operating cash flow increased compared to the prior period, partly due to lower inventory levels.
Material risks
The filing includes a section on risk factors, though specific details are not fully excerpted. General risks may relate to global operations, competition, and regulatory changes. The company also addresses cybersecurity risks in a dedicated section.
Liquidity and capital
Operating cash flow provided sufficient liquidity, with net cash used in investing and financing activities. The company managed working capital changes, including accounts receivable and inventory adjustments.
What to watch
Monitor changes in inventory levels and their impact on operating cash flow in the next filing.