AquaVenture Holdings Limited (WAAS) Tops Q2 EPS by 3c, Revenues Beat; Offers FY18 Revenue Views

AquaVenture Holdings Limited (NYSE: WAAS) reported Q2 EPS of ($0.19), $0.03 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $34.4 million versus the consensus estimate of $32.77 million.

"I am pleased to report another strong operational quarter for AquaVenture, which reflected improving performance in both business segments. For the second quarter, we delivered year-over-year consolidated revenue growth of 15.4% and Adjusted EBITDA growth of 17.0%," said Doug Brown, AquaVenture's Chairman and Chief Executive Officer. "These results were driven by both organic increases from strong underlying business operations and inorganic additions from completed acquisitions. We successfully closed two acquisitions during the quarter, and another acquisition in early August, bringing Quench\'s total installed asset base to over 125,000 units. On the M&A front, our team is actively working through multiple deal opportunities, in addition to diligently working to close the previously announced acquisitions. We remain committed to driving growth in both businesses to bring clean, potable water to more people throughout the world."

GUIDANCE:

AquaVenture Holdings Limited sees FY2018 revenue of $131-136 million, versus the consensus of $133 million.

For earnings history and earnings-related data on AquaVenture Holdings Limited (WAAS) click here.

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