dcsimg
 
 

Waters Corp

By Deborah Gage  |  Posted 2003-10-01 Email Print this article Print
 
 
 
 
 
 

A manufacturer of scientific instruments forced a troubled British subsidiary to do things its way.

. Base Case">

Waters Corp. Base Case

Headquarters: 34 Maple St., Milford, MA 01757

Phone: (508) 478-2000

Business: World's largest manufacturer of instruments for High Performance Liquid Chromatography, Mass Spectrometry and Thermal Analysis—used for analyzing chemical and physical properties of proteins and many other substances.

Chief Information Officer: Paul Newton

Financials in 2002: Net sales were $890 million in 2002, up 3.5% from $859.2 million in 2001. Net income was $147.7 million, up 22.5% from $114.5 million in 2001.

Challenge: Regain market leadership after loss of patent lawsuit by developing and selling integrated chromatography/spectrometry product systems.

Baseline Goals:

  • Increase revenue growth, from 3.5% a year.

  • Maintain and improve earnings growth of over 15% per year.

  • Complete $400 million stock buyback to dispose of excess cash.


  • <123456
     
     
     
     
    Senior Writer
    debbie_gage@ziffdavisenterprise.com
    Based in Silicon Valley, Debbie was a founding member of Ziff Davis Media's Sm@rt Partner, where she developed investigative projects and wrote a column on start-ups. She has covered the high-tech industry since 1994 and has also worked for Minnesota Public Radio, covering state politics. She has written freelance op-ed pieces on public education for the San Jose Mercury News, and has also won several national awards for her work co-producing a documentary. She has a B.A. from Minnesota State University.

     
     
     
     
     
     
     
     
     
     
     

    Submit a Comment

    Loading Comments...
    eWeek eWeek

    Have the latest technology news and resources emailed to you everyday.

    By submitting your information, you agree that baselinemag.com may send you Baselinemag offers via email, phone and text message, as well as email offers about other products and services that Baselinemag believes may be of interest to you. Baselinemag will process your information in accordance with the Quinstreet Privacy Policy.

    Click for a full list of Newsletterssubmit