Just caught Waters' FY26 outlook and it's looking pretty solid. The analytical instruments provider is guiding for around 5.5% to 7% organic revenue growth this year, with total revenue hitting somewhere between $6.4-6.5 billion when you factor in their acquisitions. That's a meaningful jump from where they were.

What caught my eye is the Q1 guidance they just laid out - expecting organic growth in the 7-9% range, which actually came in stronger than their full-year outlook. Revenue-wise, they're targeting $1.2 billion for the quarter. As a major provider in the analytical space, they seem to be executing pretty well on the acquisition integration front too, with about $3 billion in contribution expected from recent deals.

On the earnings side, they're expecting non-GAAP EPS between $14.30-$14.50 for the full year. Q1 non-GAAP EPS guidance sits at $2.25-$2.35. Their Q4 numbers came in at $3.77 per share, down slightly from $3.88 last year, so there's a bit of pressure there. Revenue in Q4 was $932 million, up 6.8% year-over-year.

Stock's down about 3.4% in pre-market to $368 as investors digest the numbers. Seems like a decent provider with solid fundamentals, but the market's being cautious for now.