In addition to building an “energized team with an indomitable spirit,” Waters prioritized its strong core business serving increasingly attractive markets, a “simple and repeatable” business model, innovation and commercial execution, and plans to expand into high-growth adjacencies. Through 2023, Waters' priorities include share buybacks, margin expansion, and “market-plus” growth. For 2024 and beyond, the company expects to add “high-growth” adjacencies through accretive mergers-and-acquisitions (M&A . . .

Waters Eyes M&A, ‘Market-Plus’ Growth after Strong Q1
EXCLUSIVE: CEO Udit Batra discusses quarterly results, instrument replacement success, supply chain challenges, and inflation pressures
Waters CEO Udit Batra [center] celebrates seconds before leading a group of executives in ringing the Closing Bell® at the New York Stock Exchange on May 19. [New York Stock Exchange]