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Evoqua Water Technologies has been recognized on the 2021 Clean200™ list, highlighting its commitment to sustainable water treatment solutions. Announced on February 18, 2021, this list ranks publicly traded companies leading in clean energy transitions. Evoqua qualifies as it generates over 10% of its more than $1 billion revenue from clean sources. CEO Ron Keating emphasized the company's dedication to sustainability and water protection for future generations. The Clean200 list, developed by Corporate Knights, features companies ranked by green energy revenues.
Evoqua Water Technologies (NYSE:AQUA) has announced its participation in four investor conferences in February 2021. Key executives, including Ben Stas and Snehal Desai, will take part in virtual fireside chats at the Citi Global Industrials Conference on February 18, and the Baird Sustainability Conference on February 23. Desai will also be featured in a Water Panel at the RBC Global ESG Conference on February 24, and another fireside chat at the Gabelli Symposium on February 25. Webcasts for these events will be available on Evoqua's Investor Relations website.
Evoqua Water Technologies Corp. (NYSE: AQUA) announced a secondary public offering of 16,382,793 shares by certain institutional shareholders, generating approximately $407.1 million in gross proceeds. The offering, expected to close on February 11, 2021, involves no shares sold by the company, meaning it will not receive any proceeds. Once completed, the selling shareholders will have disposed of all their remaining shares. Credit Suisse Securities (USA) LLC is the sole underwriter of the offering.
Evoqua Water Technologies Corp. (NYSE: AQUA) announced a secondary public offering of 16,382,793 shares by certain institutional shareholders, including affiliates of AEA Investors LP. The shares will be sold at current market prices or negotiated prices. Notably, Evoqua itself is not selling shares and will not receive any proceeds from the sale. Upon completion, these shareholders will have disposed of all their remaining shares. Credit Suisse Securities acts as the sole bookrunner for this offering, which was registered with the SEC in March 2020.
Evoqua Water Technologies (NYSE:AQUA) reported a 6.9% decline in first-quarter revenue for fiscal 2021, totaling $322.2 million, down from $346.1 million year-over-year. The decrease was partially attributed to the divestiture of the Memcor product line and organic revenue drop of 3.5% due to pandemic-related impacts. Net income fell to $6.5 million with diluted EPS of $0.05, compared to $53.5 million and $0.44 EPS last year. Adjusted EBITDA rose to $44.8 million. The company anticipates continued uneven market demand amid ongoing COVID-19 challenges.
Evoqua Water Technologies has received the 2020 Frost & Sullivan award for Competitive Strategy Innovation and Leadership in the Asia-Pacific water infrastructure market. Recognized for its sustainability, cost-effective solutions, and commitment to R&D, Evoqua stands out in a challenging industry. The company has differentiated itself through its innovative product strategies, particularly its Ionpure technology, and by aligning its capabilities with market needs. This recognition signifies Evoqua's ongoing dedication to providing essential water treatment solutions.
Evoqua Water Technologies Corp. (NYSE: AQUA) will hold its First Quarter earnings conference call on February 2, 2021, at 10:00 a.m. ET. A detailed press release with earnings results will be shared before the call. Participants can join by dialing (866) 690-2108 in the U.S. or (918) 398-8081 internationally. The call will be recorded, and the replay will be available from 1:00 p.m. ET on February 2 until 11:59 p.m. on February 16, 2021. Access to the live webcast and presentation slides will be available on Evoqua's Investor Relations website.
Evoqua Water Technologies (NYSE: AQUA) has acquired the industrial water business of Ultrapure & Industrial Services, LLC, a subsidiary of Driessen Water, Inc. This acquisition enhances Evoqua's service capabilities in Houston and Dallas, Texas, focusing on water purification services and equipment across several sectors, including healthcare, power, and food and beverage. While specific financial terms were not disclosed, this strategic move is set to strengthen Evoqua's market presence and expand its service offerings in key regions.
Evoqua Water Technologies Corp. (NYSE: AQUA) announced the launch of the Defender® FP-Series, a regenerative media filtration system designed for small to medium-sized commercial aquatics venues. This new system offers significant operational savings, boasting up to 90% less water waste, 50% less energy consumption, and 30% less chemical usage compared to traditional sand filtration. It occupies 75% less space than conventional systems and is suitable for flow rates between 107-300 gallons per minute. The Defender FP-Series enhances water quality and clarity, ensuring a superior experience for guests.
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