Waters Corporation (WAT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Waters Corporation third quarter 2025 financial results conference call. All participants will be in listen only mode until the question and answer session begins. This call is being recorded. If anyone has any objections, please disconnect at this time. It is now my pleasure to turn the call over to Mr. Caspar Tudor, head of investor relations. Please go ahead, sir. Thank you, Leila, and good morning, everyone. Welcome to Waters Corporation's third quarter earnings call. Joining me today are Dr. Udit Bhattra, our President and Chief Executive Officer, and Amol Charbel, our Senior Vice President and Chief Financial Officer. Before we begin, I will cover the cautionary language. In this conference call, we will make forward-looking statements regarding future events or future financial performance of the company. Additionally, we will comment on the expected timing for completion of Waters' pending combination with the Biosciences and Diagnostic Solutions business of Becton Dickinson and Company, as well as the expected financial and operational impact of this combination on Waters. These statements are only our present expectations, based on information available to us as of today, as well as the forecasts and assumptions of Waters' management, and are subject to risks and uncertainties, many of which are outside of Waters' control. Actual events or results may differ materially from the statements made on today's call. Please see the risk factors included within our Form 10-K, our Form 10-Qs, our other SEC filings, and the cautionary language included in this morning's earnings release. During today's call, we will refer to certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP measures are attached to our earnings r...