Waters Corporation (NYSE:WAT) Q3 2023 Earnings Call Transcript

Amol Chaubal: Yes. I mean, look, if you look at how we’ve performed in adversity, like last year, there was tremendous inflationary pressure and dollar kept becoming stronger and stronger, right. And despite all of that, our teams rallied to find pricing gains and productivity gains and sort of land a margin equal or better than the prior year. And then this year, again, we’ve sort of gone through demand challenges and then also further strengthening of U.S. dollar. And despite that, we found ways to defend margin through pricing, through productivity, through cost alignment. So we really feel good about how our teams have responded in these situations. Now, as you look at 2024, I mean, as Udit outlined, right, it’s a little early because we want to see how the next two months play out.

They are a big part of our year. We are also just rolling up our bottoms up AOP, and we want to sort of review that before we sort of talk about 2024. So like we always do at our Q4 earnings call, we will provide more details and guidance for 2024.

Operator: Thank you. And that is all the time we have for questions.

Udit Batra: Thank you for joining us today and for your continued support and interest in Waters. A replay of this call will be available in the Investor Relations section of our website. This concludes our call, and we look forward to seeing you at future events and conferences.

Operator: Thank you all for joining. That concludes the Waters Corporation third quarter 2023 financial results conference call. You may disconnect at this time and have a great rest of your day.