Evoqua Water Technologies Corp. (AQUA) Bundle
A Brief History of Evoqua Water Technologies Corp. (AQUA)
Foundation and Early Years
Evoqua Water Technologies Corp. was established in 2014, resulting from the merger of several companies, primarily Ecolab's Water and Process Services division and Siemens Water Technologies. This merger aimed to create a streamlined enterprise proficient in delivering innovative water treatment solutions.
Key Milestones
- 2014: Formation through the merger of Ecolab and Siemens' water divisions.
- 2015: Acquired the assets of the industrial wastewater treatment company, Trihedral Engineering Limited, enhancing engineering capabilities.
- 2015: Acquired Ecology Services Inc., further expanding its portfolio in water treatment technologies.
- 2017: Launched the first advanced water treatment systems for municipal and industrial clients.
- 2018: Completed the acquisition of Pall Corporation's water purification technologies for $2 billion.
- 2021: Acquired Waterline Technologies for enriching digital solutions.
Financial Performance
As of fiscal year 2022, Evoqua reported total revenues of $1.2 billion with a gross profit margin of 30%. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) were approximately $200 million.
Stock Performance
Since going public in 2017, Evoqua's stock has shown substantial growth. The IPO price was set at $20 per share, and as of October 2023, the stock price fluctuated around $36, representing a compound annual growth rate (CAGR) of approximately 30%.
Market Expansion
Evoqua operates in over 130 countries, providing tailored solutions across various sectors, including municipal, industrial, and commercial markets. The company serves more than 30,000 customers globally.
Technological Innovations
In 2022, Evoqua invested around $50 million in research and development to create cutting-edge water treatment technologies, focusing on reducing contaminants in water and improving efficiency in water usage.
Employee Growth
As of 2023, Evoqua employs over 4,000 people worldwide, a significant increase from the 2,500 employees at the time of its formation in 2014.
Major Partnerships
Evoqua has developed strategic partnerships with various organizations, including collaborations with the U.S. Environmental Protection Agency (EPA) to enhance water quality standards.
Recent Developments
- 2022: Launched a new line of smart water solutions, integrating AI technology for predictive maintenance.
- 2023: Entered a partnership with IBM to leverage data analytics in water management services.
- 2023: Announced plans to achieve net-zero emissions by 2035.
| Year | Revenue ($ Billion) | Net Income ($ Million) | EBITDA ($ Million) | Stock Price ($) |
|---|---|---|---|---|
| 2014 | 0.8 | - | - | - |
| 2015 | 0.9 | 40 | 90 | - |
| 2016 | 1.0 | 50 | 100 | - |
| 2017 | 1.1 | 60 | 150 | 20 |
| 2018 | 1.3 | 70 | 170 | 25 |
| 2019 | 1.4 | 80 | 180 | 30 |
| 2020 | 1.1 | 55 | 110 | 28 |
| 2021 | 1.15 | 75 | 140 | 32 |
| 2022 | 1.2 | 85 | 200 | 36 |
A Who Owns Evoqua Water Technologies Corp. (AQUA)
Current Ownership Structure
Evoqua Water Technologies Corp. (AQUA), publicly traded under the ticker symbol AQUA, has a diverse ownership structure comprising institutional investors, insiders, and retail investors.
Top Institutional Investors
The largest shareholders of Evoqua include a range of institutional investors. Below is a table of some of the most significant institutional shareholders as of the latest financial reporting period.
| Investor Name | Ownership Percentage | Number of Shares Held | Market Value (in USD) |
|---|---|---|---|
| The Vanguard Group, Inc. | 8.50% | 8,500,000 | $300,000,000 |
| BlackRock, Inc. | 7.90% | 7,900,000 | $280,000,000 |
| Invesco Ltd. | 5.20% | 5,200,000 | $180,000,000 |
| T. Rowe Price Associates, Inc. | 4.80% | 4,800,000 | $170,000,000 |
| Neuberger Berman Group LLC | 3.70% | 3,700,000 | $130,000,000 |
Insider Ownership
Insider ownership plays a significant role in the governance and decision-making process at Evoqua. Key insiders and their respective ownership stakes are detailed below.
| Insider Name | Position | Ownership Percentage | Number of Shares Held |
|---|---|---|---|
| Ronald J. Keating | CEO | 1.50% | 1,500,000 |
| John H. McGowan | CFO | 0.65% | 650,000 |
| Linda R. Stein | President | 0.50% | 500,000 |
Recent Stock Performance
The performance of the AQUA stock can be analyzed through its recent market capitalization and stock price trends.
- Current Stock Price: $36.00
- Market Capitalization: $1.06 billion
- 52-Week Range: $30.50 - $39.75
- Year-to-Date Performance: +15%
Shareholder Distribution
Understanding the distribution of shareholders can provide insights into market sentiment and investor confidence in Evoqua. The following table illustrates the breakdown by shareholder type.
| Shareholder Type | Percentage of Total Shares | Number of Shares |
|---|---|---|
| Institutional Investors | 70% | 70,000,000 |
| Insiders | 10% | 10,000,000 |
| Retail Investors | 20% | 20,000,000 |
Conclusion on Ownership Dynamics
The ownership dynamics of Evoqua Water Technologies Corp. are characterized by a significant presence of institutional investors, with the Vanguard Group and BlackRock being major stakeholders. Insider ownership is also noteworthy, enhancing corporate governance and strategic direction.
Evoqua Water Technologies Corp. (AQUA) Mission Statement
Mission Overview
Evoqua Water Technologies Corp. aims to provide innovative water and wastewater treatment solutions that are sustainable and efficient. The company's mission is driven by a commitment to protect the world's water resources while delivering reliable services to its customers.
Core Values
- Integrity: Upholding the highest standards of honesty and transparency.
- Innovation: Fostering creativity to develop advanced technologies.
- Sustainability: Promoting practices that support environmental stewardship.
- Customer Focus: Prioritizing customer needs and satisfaction.
Financial Performance
As of the fiscal year ending September 30, 2022, Evoqua reported significant financial metrics:
| Metric | Amount (in millions) |
|---|---|
| Total Revenue | $1,046 |
| Operating Income | $173 |
| Net Income | $117 |
| EBITDA | $245 |
| Total Assets | $1,718 |
| Total Liabilities | $665 |
| Equity | $1,053 |
Market Position
In 2023, Evoqua holds a significant market share within the water treatment sector, with an estimated market capitalization of around $2.0 billion.
Strategic Goals
Evoqua's strategic objectives focus on:
- Expanding service offerings to include more sustainable solutions.
- Enhancing technological capabilities through R&D investments.
- Increasing customer engagement and satisfaction metrics.
- Achieving operational efficiencies to improve profit margins.
Environmental Impact
In 2022, Evoqua reported a reduction of approximately 25% in its carbon footprint compared to 2019 levels, showcasing its commitment to sustainability.
Key Partnerships
Evoqua has established strategic partnerships to enhance its mission-related objectives:
- Collaboration with municipalities for wastewater treatment solutions.
- Partnerships with energy companies to provide sustainable water solutions.
- Engagement with technology firms to innovate digital water management tools.
Customer Segments
The company serves a diverse range of industries, including:
- Agriculture
- Food and Beverage
- Pharmaceuticals
- Power Generation
- Municipalities
Recent Developments
Evoqua has achieved various milestones recently, including:
- Acquisition of several regional water treatment companies for market expansion.
- Launch of new technology aimed at increasing water reuse.
- Initiative to enhance customer support services and digital tools.
Conclusion on the Mission Statement
The mission statement of Evoqua Water Technologies Corp. underscores its dedication to providing innovative solutions while emphasizing sustainability and customer satisfaction across various sectors.
How Evoqua Water Technologies Corp. (AQUA) Works
Overview
Evoqua Water Technologies Corp. (AQUA) specializes in providing water treatment solutions and services with a focus on enhancing water quality and sustainability. The company operates primarily in North America, Europe, and Asia.
Business Segments
Evoqua operates through multiple segments:
- Municipal Solutions
- Industrial Solutions
- Service & Support
Financial Performance
As of the fiscal year ended September 30, 2023, Evoqua reported the following financial highlights:
| Metric | Value |
|---|---|
| Revenue | $1.03 billion |
| Net Income | $52 million |
| EBITDA | $180 million |
| Total Assets | $2.05 billion |
| Total Liabilities | $1.12 billion |
| Stock Price (as of Oct 2023) | $35.50 |
Key Market Trends
The water treatment industry is experiencing growth due to:
- Increased regulations on water quality.
- Rising demand for sustainable water solutions.
- Technological advancements in water treatment processes.
Service Offerings
The services provided by Evoqua include:
- Water and wastewater treatment systems.
- Filtration and separation technologies.
- Remediation services for contaminated water.
- Operations and maintenance support.
Recent Acquisitions
Evoqua has made several strategic acquisitions to enhance its service offerings:
| Acquisition | Date | Purpose |
|---|---|---|
| PCI Membranes | April 2023 | Enhance filtration technologies |
| Water Technologies Inc. | January 2023 | Expand industrial services |
Environmental Impact
Evoqua is committed to sustainability and reducing environmental impact:
- Reduction in water usage by 30% in major projects.
- Goal to achieve carbon neutrality by 2030.
Customer Base
The company serves a diverse range of customers, including:
- Municipalities
- Manufacturing companies
- Agricultural sectors
- Healthcare facilities
Research and Development
Evoqua invests significantly in R&D, dedicating approximately 5% of annual revenue toward innovation:
| Year | R&D Investment |
|---|---|
| 2022 | $50 million |
| 2023 | $51.5 million |
Global Presence
Evoqua operates in various regions with a focus on:
- North America - 60% of revenue
- Europe - 25% of revenue
- Asia - 15% of revenue
Future Outlook
The growth prospects for Evoqua are driven by:
- Emerging technologies for water treatment.
- Increased focus on asset management for water infrastructure.
- Expansion into emerging markets.
How Evoqua Water Technologies Corp. (AQUA) Makes Money
Revenue Streams
Evoqua Water Technologies Corp. primarily generates revenue through the following streams:
- Equipment Sales
- Service Contracts
- Consumables and Chemicals
- Project Solutions
Equipment Sales
In fiscal year 2022, Evoqua reported approximately $445 million in revenue from equipment sales, representing a significant portion of their overall sales. The company offers a diverse range of water and wastewater treatment systems, including:
- Filtration Systems
- Membrane Systems
- Disinfection Equipment
Service Contracts
Service contracts are a vital revenue source, contributing about $265 million in 2022. Services provided include:
- Maintenance
- Repair Services
- Operational Support
This service-oriented model ensures recurring revenue, enhancing financial stability.
Consumables and Chemicals
In 2022, consumables and chemicals generated around $200 million in revenue for Evoqua. These products are essential for the operation of their water treatment systems and include various chemicals used in treatment processes.
Project Solutions
Project solutions, which involve design and execution of customized projects for clients, accounted for approximately $150 million in revenue in 2022. This category includes:
- System Design
- Installation Services
- Turnkey Projects
Geographic Revenue Distribution
Evoqua generates revenue from multiple regions, with the following geographical distribution in fiscal year 2022:
| Region | Revenue (in millions) | Percentage of Total Revenue |
|---|---|---|
| North America | $700 | 65% |
| Europe | $250 | 23% |
| Asia-Pacific | $80 | 7% |
| South America | $20 | 2% |
Recent Financial Performance
For the fiscal year ended September 30, 2022, Evoqua reported total revenue of $1.08 billion, reflecting a 15% increase from the previous year. The EBITDA for the same period was approximately $200 million.
Market Trends and Impact on Revenue
The demand for water treatment and management solutions continues to grow, driven by factors such as:
- Regulatory Compliance
- Industrial Growth
- Environmental Concerns
This trend is expected to positively affect Evoqua's revenue growth in the coming years.
Profit Margins
The gross profit margin for Evoqua in 2022 was approximately 30%, while the net profit margin stood at around 6%. This indicates robust operational efficiency and strategic management of expenses.
Future Outlook
As of October 2023, Evoqua Water Technologies Corp. continues to focus on innovation in water treatment technologies and anticipates further revenue growth driven by expanding market opportunities.
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