revenue $1.65B, net income -$136.0M. Waters swings to operating loss as BDS acquisition closes; 113.4% workforce cut underway

Filed August 11, 2026 · Period ending July 4, 2026 · Compared to 10-Q Aug 4, 2025 · ~1 min read

Key Changes

• high

  Operating income swung from $188M profit to $86M loss as the BDS Business acquisition closed Feb 9, 2026, adding revenue but also integration costs and $90M/year transition services from BD.

  MD&A: BDS Business Acquisition verify on EDGAR →
• high

  MD&A: Restructuring verify on EDGAR →
• high

  Interest expense jumped $80M in H1 2026 on $5.1B debt load from BDS financing; company issued $3.5B Senior Notes in March to refinance term loan.

  MD&A: Senior Notes issuance verify on EDGAR →