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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Net Sales for Company's Products and Services

Net sales for the Company’s products and services are as follows for the years ended December 31, 2024, 2023 and 2022 (in thousands):

		2024				2023				2022
Product net sales:
Waters instrument systems		$	1,032,493			$	1,108,702			$	1,210,456
Chemistry consumables			565,481				541,469				525,399
TA instrument systems			246,202				252,879				252,314
Total product sales			1,844,176				1,903,050				1,988,169
Service net sales:
Waters service			1,006,447				951,419				890,607
TA service			107,764				101,947				93,180
Total service sales			1,114,211				1,053,366				983,787
Total net sales		$	2,958,387			$	2,956,416			$	2,971,956

Summary of Geographic Sales Information

Net sales are attributable to geographic areas based on the region of destination. Geographic sales information is presented below for the years ended December 31, 2024, 2023 and 2022 (in thousands):

		2024				2023				2022
Net Sales:
Asia:
China		$	396,599			$	440,707			$	565,143
Japan			157,321				167,202				167,220
Asia Other			415,302				399,916				399,380
Total Asia			969,222				1,007,825				1,131,743
Americas:
United States			933,926				927,982				886,140
Americas Other			181,854				180,591				169,495
Total Americas			1,115,780				1,108,573				1,055,635
Europe			873,385				840,018				784,578
Total net sales		$	2,958,387			$	2,956,416			$	2,971,956

Summary of Net Sales by Customer Class

None of the Company’s individual customers accounts for more than 2% of annual Company sales. Net sales by customer class are as follows for the years ended December 31, 2024, 2023 and 2022 (in thousands):

		2024				2023				2022
Pharmaceutical		$	1,718,899			$	1,696,875			$	1,751,665
Industrial			908,486				909,003				909,805
Academic and government			331,002				350,538				310,486
Total net sales		$	2,958,387			$	2,956,416			$	2,971,956

Summary of Net Sales of Company Recognized at a Point in Time Versus Over Time

Net sales for the Company recognized at a point in time versus over time are as follows for the years ended December 31, 2024, 2023 and 2022 (in thousands):

		2024				2023				2022
Net sales recognized at a point in time:
Instrument systems		$	1,278,695			$	1,361,581			$	1,462,770
Chemistry consumables			565,481				541,469				525,399
Service sales recognized at a point in time (time & materials)			369,149				372,530				367,501
Total net sales recognized at a point in time			2,213,325				2,275,580				2,355,670
Net sales recognized over time:
Service and software maintenance sales recognized over time (contracts)			745,062				680,836				616,286
Total net sales		$	2,958,387			$	2,956,416			$	2,971,956

Revenue from External Customers by Geographic Area

Long-lived assets information at December 31, 2024, 2023 and 2022 is presented below (in thousands):

		December 31,
		2024				2023				2022
Long-lived assets:
United States		$	445,883			$	440,993			$	429,469
Americas Other			1,971				2,632				1,663
Total Americas			447,854				443,625				431,132
Europe			176,310				167,948				133,465
Asia			27,036				27,500				17,620
Total long-lived assets		$	651,200			$	639,073			$	582,217

Summary of Other Operating Cost And Expense By Component

The significant segment expenses, revenues and net income of the Company’s one reportable segment are as follows for the years ended December 31, 2024, 2023 and 2022 (in thousands):

		2024				2023				2022
Total sales, net		$	2,958,387			$	2,956,416			$	2,971,956
Less:
Labor costs within selling and administrative and research and development expenses			(596,381	)			(605,884	)			(567,689	)
Material purchases			(556,123	)			(551,005	)			(635,583	)
Labor costs within product and service cost of sales			(350,978	)			(358,788	)			(365,674	)
Other segment expenses			(628,552	)			(623,063	)			(529,615	)
Interest expense and other income, net			(71,485	)			(81,433	)			(35,549	)
Provision for income taxes			(117,034	)			(94,009	)			(130,091	)
Net income		$	637,834			$	642,234			$	707,755

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