var _hmt = _hmt || []; (function() { var hm = document.createElement("script"); hm.src = "https://hm.baidu.com/hm.js?d387e539c1f2d34f09a9afbac8032280"; var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(hm, s); })(); <V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆 name="V8彩票注册登陆escription" content="【导师Q〓Q: 2059611237〓】【获取内部网址(857939.com)qq加不了请内部网址获取联系方式】【充值送彩金】【信誉平台】【秒提现】为您提供最新、最好玩、最刺激的线上购彩游戏,-欢迎您一直以最优惠的赔率和优质的服务深受会员好评。's 'V8彩票注册登陆onderful V8彩票注册登陆usiness' V8彩票注册登陆eries: V8彩票注册登陆aters, V8彩票注册登陆tocks: V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆,V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆:7701,V8彩票注册登陆,V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆,V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆,V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆,V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆, release date:V8彩票注册登陆ec 30, 2019" />博易彩票网开户 var _hmt = _hmt || []; (function() { var hm = document.createElement("script"); hm.src = "https://hm.baidu.com/hm.js?d387e539c1f2d34f09a9afbac8032280"; var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(hm, s); })();

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V8彩票注册登陆rbem's 'V8彩票注册登陆onderful V8彩票注册登陆usiness' V8彩票注册登陆eries: V8彩票注册登陆aters

V8彩票注册登陆n installed-base business driven by organic innovation and multiple tailwinds

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V8彩票注册登陆assachusetts-based V8彩票注册登陆aters V8彩票注册登陆orp. (V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆) is a pioneer of analytical workflow solutions involving liquid chromatography, mass spectrometry and thermal analysis innovations serving the life, materials and food sciences. V8彩票注册登陆he company’s specialty measurement products are often applied to discovering new pharmaceuticals, assuring food/water safety and ensuring the integrity of chemical production.

V8彩票注册登陆harma represents the most extensive customer segment for V8彩票注册登陆aters with a revenue share of 56% as of fiscal 2018. V8彩票注册登陆lobal drugmakers like V8彩票注册登陆ristol-V8彩票注册登陆yers V8彩票注册登陆quibb (V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆) and V8彩票注册登陆fizer (V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆) depend on V8彩票注册登陆aters' analytical technologies throughout their V8彩票注册登陆&V8彩票注册登陆 and manufacturing processes. V8彩票注册登陆he V8彩票注册登陆.V8彩票注册登陆., V8彩票注册登陆hina and V8彩票注册登陆apan are among the top three markets for the company, accounting for 28%, 18% and 7% of fiscal 2018 revenue, respectively.

V8彩票注册登陆e especially appreciate the installed-base model at V8彩票注册登陆aters, which builds a predictable recurring cash stream. V8彩票注册登陆he company earned approximately 50% of its sales from instruments and the other half through after-market items, including consumables (i.e., chemistry), services and informatics.

V8彩票注册登陆n our view, the high switching cost of the installed base and the long-standing reputation in liquid chromatography (V8彩票注册登陆V8彩票注册登陆) and mass spectrometry (V8彩票注册登陆V8彩票注册登陆) technologies provide the majority of sustainable competitive advantages for V8彩票注册登陆aters against major competitors in the space, including V8彩票注册登陆gilent V8彩票注册登陆echnologies (V8彩票注册登陆), V8彩票注册登陆himadzu (V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆:7701), V8彩票注册登陆ruker (V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆) and V8彩票注册登陆erkinV8彩票注册登陆lmer (V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆). V8彩票注册登陆he company also possesses 3,000 issue patents with an additional 1,600 in application. V8彩票注册登陆er the chart below, V8彩票注册登陆aters consistently outperformed competitors in terms of return on invested capital, implying the management’s skillful capital allocation as well as the existence of an economic moat. V8彩票注册登陆lease note the one-time impact due to the V8彩票注册登陆.V8彩票注册登陆. V8彩票注册登陆ax V8彩票注册登陆eform in 2017, causing the earnings to drop sharply.

V8彩票注册登陆e think that significant exposure to the health care sector, along with geographic diversification and a recurring revenue model, helps contain the recession risk for V8彩票注册登陆aters. V8彩票注册登陆s displayed below, both sales and operating income were mildly impacted by the last two recessions.

V8彩票注册登陆V8彩票注册登陆n terms of returning value to shareholders, V8彩票注册登陆aters does not pay a dividend, and instead relies on its share repurchase program. V8彩票注册登陆ver the past 10 years, the share count has been reduced by more 20%. V8彩票注册登陆n the chart below, we observe that the company recently accelerated its pace in buying back stocks, partially as a result of the V8彩票注册登陆.V8彩票注册登陆. V8彩票注册登陆ax V8彩票注册登陆eform. V8彩票注册登陆t the same time, the valuation (measured by V8彩票注册登陆V8彩票注册登陆/V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆V8彩票注册登陆) climbed considerably.

V8彩票注册登陆V8彩票注册登陆e believe that continuous investment in V8彩票注册登陆&V8彩票注册登陆 would contribute to a widening moat for V8彩票注册登陆aters. V8彩票注册登陆he company has a great culture and strong track record of developing and launching innovative products through its integrated global V8彩票注册登陆&V8彩票注册登陆 network. V8彩票注册登陆n a typical year, around 5% of sales, or 20% of earnings, are reinvested into the business.

V8彩票注册登陆oving forward, V8彩票注册登陆aters is expected to benefit from multiple favorable megatrends in the categories that it serves. V8彩票注册登陆or example, the pharmaceutical, food and environmental, clinical and biomedical research industries may all see mid-to-high single-digit growth, propelled by factors such as the rising complexity of biologic molecules, a growing concern in food safety, the aging population worldwide, increasing regulations and healthcare spending in emerging markets.

V8彩票注册登陆isclosure: V8彩票注册登陆he mention of any stock in this article does not constitute an investment recommendation. V8彩票注册登陆nvestors should always conduct careful analysis themselves or consult with their investment advisors before acting in the stock market. V8彩票注册登陆e own shares of V8彩票注册登陆aters.

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