Waters reports third quarter financial results

Waters has reported data from its third quarter financial results 2011 report, with its success driven by the introduction of new instrument systems.

The company highlighted sales of $455 million (284 million pounds) during the three-month period, representing a 13 percent year-on-year increase from 2010.

Additionally, earnings per diluted share for the September quarter were $1.10, compared with $1.02 for the same period in 2010 on a generally accepted accounting principles basis.

Douglas Berthiaume, chairman, president and chief executive officer of Waters, said the company's sales growth was driven by new instrument systems including the Acquity H-Class UPLC, UPLCOMS solutions and strong TA Instruments product shipments.

"In addition, our growth was balanced geographically and across our key customer groupings," he commented.

Last month, Waters welcomed Dr Ganesh Anand's laboratory at the National University of Singapore into its Centers of Innovation Program, representing the first scheme of its kind in Asia.