Waters Corporation (WAT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Good morning. Welcome to the Waters Corporation 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. Casper Tudor, Head of Investor Relations. Please go ahead, sir. Thank you, Leila, and good morning, everyone. Welcome to Walters Corporation's fourth quarter earnings call. Joining me today are Dr. Udit Bhatia, our President and Chief Executive Officer, and Amal Chawal, our Senior Vice President and Chief Financial Officer. Before we begin, I will cover the cautionary language. In this conference call, we will make various forward-looking statements regarding future events or future financial performance of the company, including the expected financial and operational impact of water's combination with the biosciences and diagnostic solutions business of Becton Dickinson & Company. We will provide guidance regarding possible future results, as well as commentary on potential market and business conditions that may impact Waters Corporation over the first quarter of 2026 and full year 2026. These statements are only our present expectations and are subject to risks and uncertainties. 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 release, and in the appendix of the slide presentation accompanying today's call. Unless stated otherwise, references to quarte...