Waters Corporation (NYSE:WAT) will seek M&A. Amol Chaubal Senior Vice President and Chief Financial Officer said during the Second Quarter 2022 Financial Results Conference Call, "We maintain a strong balance sheet, access to liquidity and a well-structured debt maturity profile. This strength allows us the ability to prioritize investing in growth, including M&A and returning capital to shareholders. We continue to evaluate M&A opportunities that will meaningfully accelerate value creation in well-thought-out, attractive, high-growth, adjacent markets".