Evoqua Water (AQUA) Reports Q1 Loss of $0.15, Revenues Beat

Evoqua Water (NYSE: AQUA) reported Q1 EPS of ($0.15), versus $0.01 reported last year. Revenue for the quarter came in at $323 million versus the consensus estimate of $313.05 million.

“Our results for the quarter were in line with our expectations,” said Ron Keating, Evoqua’s CEO, “We are very pleased with our 8.7% revenue growth, including over 4% organic growth. Order growth significantly outpaced sales growth in the quarter as we continue to capture attractive opportunities in both segments of our business.”

Mr. Keating continued, “Our two-segment restructuring is progressing as planned, and we are on track to achieve our expectations. Secular trends in most of our key vertical markets continue to be positive and support profitable growth. For fiscal 2019, we reaffirm our expected revenues to be in the range of $1.38 billion and $1.44 billion and Adjusted EBITDA to be in the range of $220 million and $240 million.”

For earnings history and earnings-related data on Evoqua Water (AQUA) click here.

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Innovaro (INV) Misses Q2 EPS by 9c
• LogicBio Therapeutics (LOGC) Misses Q2 EPS by 10c