AQUA - AQUA STOCK NEWS

Evoqua Water Technologies (NYSE:AQUA) reported its fourth quarter and full year financial results for FY 2021. The fourth quarter revenue was $426.0 million, an 11% increase year-over-year, while organic revenue grew by 9.5%. Net income declined by 13.5% to $26.9 million, affected by rising operating expenses. Full year revenue was $1.46 billion, up 2.4%, but net income saw a significant drop of 54.8% to $51.7 million. The company announced sustainability goals aimed at achieving net-zero greenhouse gas emissions by 2050 and recycling more water than withdrawn by 2035.

Evoqua Water Technologies Corp. (NYSE: AQUA) will hold its Fourth Quarter and Full Year 2021 earnings conference call on Tuesday, November 16 at 10:00 a.m. ET. A press release with the results will be issued before the call. Participants can join through the provided US and international dial-in numbers. The call will be recorded and available for replay until November 30, 2021. Evoqua is a leader in water and wastewater treatment solutions, operating in over 160 locations across 10 countries and serving over 38,000 customers.

Evoqua Water Technologies (NYSE: AQUA) has signed an exclusive agreement with Ostara Nutrient Recovery Technologies to enhance sustainability through nutrient recovery solutions. Evoqua will lead the sales and implementation of Ostara’s technology in North America and Western Europe, aiming to convert excessive nutrient loads into beneficial fertilizers. This collaboration aligns with Evoqua's commitment to meet customer sustainability goals and reduce operating costs while expanding market reach.

Evoqua Water Technologies Corp. (NYSE: AQUA) announced a preliminary court approval for a settlement regarding the stockholder derivative action filed in the United States District Court for the Western District of Pennsylvania. The court's order was issued on August 23, 2021, with a hearing set for November 2, 2021, for final approval. The settlement will see enhanced corporate governance measures, including appointing an independent director, improved risk management protocols, and ethics training for employees.

Evoqua Water Technologies (NYSE: AQUA) announced participation in four virtual investor events this September. Snehal Desai, Executive VP and Chief Growth Officer, will engage in fireside chats at Berenberg and Oppenheimer, and a panel at the Goldman Sachs Water Symposium. Ben Stas, CFO, will also participate in the Morgan Stanley Laguna Conference. These events aim to discuss crucial topics like investment ideas in water and climate transition. Details and webcasts will be available on Evoqua’s Investor Relations website.

Evoqua Water Technologies (NYSE:AQUA) reported a 6.3% increase in revenue for Q3 fiscal 2021, reaching $369.7 million, up from $347.8 million in 2020. Organic revenue rose 3.2% driven by higher pricing and service sales. However, net income fell 39.4% to $13.2 million, with diluted EPS at $0.11. This decline was attributed to increased operating expenses, including higher tax and interest costs from debt refinancing. Adjusted EBITDA increased to $66.2 million, up 3.8% year-over-year. The company continues to face supply chain challenges but reaffirms full-year revenue guidance of $1.43 to $1.47 billion.

Evoqua Water Technologies (NYSE: AQUA) announced its participation in four investor events scheduled for August and September 2021. Ben Stas, Executive Vice President and CFO, will engage in fireside chats at the Jefferies Industrials Conference on August 4, Raymond James Diversified Industrials Conference on August 25, and RBC Capital Markets Global Industrials Conference on September 9. Additionally, a Wastewater Reuse Panel featuring key personnel will take place on August 12. All events will be webcast and accessible via Evoqua’s Investor Relations website.