| Waters
Corporation (NYSE: WAT) is the world’s leading supplier of high-performance
liquid chromatography (HPLC) instrumentation and consumables, as well as
thermal analysis and mass spectrometry (MS) products. Around the world,
Waters® products are used by pharmaceutical, life science, industrial, university
and government scientists in research and development, quality assurance
and in environmental testing laboratories. For these customers, we provide
technology that gives them fundamental data on chemical mixtures and materials.
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 |
1999
$ in thousands except
per share data
|
|
1998 |
|
Increase |
| Net Sales |
$704,400 |
$618,813 |
+14% |
| Operating Income |
$176,509 |
$136,325 |
+29% |
| % of Sales |
25.1% |
22.0% |
|
|
Income from Operations
before income taxes
|
$167,561 |
$118,047 |
+42% |
Net Income available to
common stockholders |
$121,876 |
$89,936 |
+36% |
Net income per basic
common share |
$1.98 |
$1.50 |
+32% |
Net income per
diluted
common share |
$1.84 |
$1.39
|
+32% |
| return on average assets |
21.0% |
15.9% |
|
| return on average
equity |
55.1% |
84.7% |
|
| at year end total
assets |
$584,437 |
$577,701 |
|
| Stockholders' Equity |
$292,162 |
$150,119 |
|
| Employees |
2,968 |
2,758 |
|
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|
(A) Adjusted financial results for 1998 reflect
reported results of operations excluding a $16,500 nonrecurring charge
related to the September 1997 acquisition of Micromass Limited for revaluation
of acquired inventory which had no related tax effect. All per share amounts
have been retroactively restated to reflect a two-for-one common stock
split distributed in the form of a 100% stock dividend on June 10, 1999.
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