Business Segment Information (Tables)
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3 Months Ended |
Mar. 30, 2024 |
| Segment Reporting [Abstract] |
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| Summary of Net Sales for Company's Products and Services |
Net sales for the Company’s products and services are as follows for the three months ended March 30, 2024 and April 1, 2023 (in thousands):
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| Product net sales: |
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| Waters instrument systems |
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$ |
191,259 |
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$ |
244,211 |
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| Chemistry consumables |
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134,207 |
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133,515 |
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| TA instrument systems |
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50,685 |
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58,731 |
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| Total product sales |
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376,151 |
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436,457 |
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| Service net sales: |
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| Waters service |
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236,433 |
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224,349 |
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| TA service |
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24,255 |
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23,868 |
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| Total service sales |
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260,688 |
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248,217 |
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| Total net sales |
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$ |
636,839 |
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$ |
684,674 |
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| Summary of Geographic Sales Information |
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| Net Sales: |
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| Asia: |
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| China |
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$ |
85,745 |
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$ |
116,065 |
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| Japan |
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35,547 |
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46,494 |
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| Asia Other |
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86,267 |
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90,522 |
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| Total Asia |
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207,559 |
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253,081 |
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| Americas: |
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| United States |
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202,839 |
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202,305 |
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| Americas Other |
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38,332 |
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44,116 |
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| Total Americas |
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241,171 |
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246,421 |
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| Europe |
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188,109 |
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185,172 |
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| Total net sales |
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$ |
636,839 |
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$ |
684,674 |
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| Summary of Net Sales by Customer Class |
Net sales by customer class are as follows for the three months ended March 30, 2024 and April 1, 2023 (in thousands):
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| Pharmaceutical |
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$ |
374,207 |
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$ |
384,898 |
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| Industrial |
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195,334 |
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209,650 |
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| Academic and government |
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67,298 |
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90,126 |
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| Total net sales |
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$ |
636,839 |
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$ |
684,674 |
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| 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 three months ended March 30, 2024 and April 1, 2023 (in thousands):
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Net sales recognized at a point in time: |
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Instrument systems |
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$ |
241,944 |
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$ |
302,942 |
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Chemistry consumables |
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134,207 |
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133,515 |
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Service sales recognized at a point in time (time & materials) |
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83,325 |
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88,207 |
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Total net sales recognized at a point in time |
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459,476 |
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524,664 |
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Net sales recognized over time: |
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Service and software maintenance sales recognized over time (contracts) |
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177,363 |
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160,010 |
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Total net sales |
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$ |
636,839 |
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$ |
684,674 |
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