Waters (WAT) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 5, 2026 astatine 11:34 AM CDT 45 min read

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DATE

Tuesday, May 5, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• President & Chief Executive Officer — Dr. Udit Batra

• Senior Vice President & Chief Financial Officer — Amol Chaubal

• Vice President, Investor Relations — Caspar Tudor

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Full Conference Call Transcript

Caspar Tudor: Thank you, Lila, and bully morning, everyone. Welcome to Waters Corporation's First Quarter Earnings Call. Joining maine contiguous are Dr. Udit Batra, our President and Chief Executive Officer; and Amol Chaubal, our Senior Vice President and Chief Financial Officer. Before we begin, I volition screen the cautionary language. In this league call, we volition marque assorted forward-looking statements regarding aboriginal events oregon aboriginal fiscal show of the company, including the fiscal and operational interaction of Waters operation with the Biosciences and Diagnostic Solutions concern of Becton, Dickinson and Company oregon BD. We volition supply guidance regarding imaginable aboriginal results, arsenic good arsenic commentary connected imaginable marketplace and concern Waters Corporation implicit the 2nd 4th of 2026 and afloat twelvemonth 2026.

These statements are lone our contiguous expectations and are taxable to risks and uncertainties. Please spot the hazard factors included wrong our Form 10-K, our Form 10-Qs, our different SEC filings and the cautionary connection included successful this morning's net release. During today's call, we volition notation to definite non-GAAP fiscal measures. Reconciliations to the astir straight comparable GAAP measures are attached to our net merchandise oregon successful the appendix of the descent presumption accompanying today's call. Unless stated otherwise, each integrated gross maturation rates are presented connected a changeless currency ground and are successful examination to the archetypal 4th of 2025.

For acquired institution revenue, unless stated otherwise, each results screen our play of ownership from the transaction closing day connected February 9, 2026, done to the extremity of the 4th for acquired institution gross maturation rates, unless stated otherwise, each maturation rates are presented connected an estimated as-reported basis, covering the play of ownership successful examination to the anterior twelvemonth equivalent play that predates Water's ownership. Finally, we bash not mean to update our guidance, predictions oregon projections, but arsenic portion of a regularly scheduled net release. oregon arsenic different required by law. On today's call, Godet volition statesman with our cardinal messages and concern highlights. Amol volition past reappraisal our fiscal results and outlook.