Waters Corporation: Instrument Replacement Cycle Momentum, But Valuation Is A Concern

Core Insights - Waters Corporation (NYSE: WAT) reported Q4'24 and FY'24 results that exceeded expectations, indicating a positive turnaround for the company after a downturn in instruments [1] Financial Performance - The results for Q4'24 and FY'24 were better than anticipated, suggesting a recovery phase for Waters Corporation [1] Market Position - The company has been experiencing a rebound in its instrument segment, which had previously faced challenges [1]