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Pentair Announces New Executive Leadership Roles to Accelerate Growth and Enhance Customer Focus
Businesswire· 2026-02-03 11:51
Core Insights - Pentair plc announced new strategic appointments within its executive leadership team to accelerate growth, strengthen innovation, and enhance responsiveness to customer needs [1][2] Leadership Changes - Steve Pilla, EVP, Chief Supply Chain Officer and Chief Transformation Officer, will leave Pentair after over 20 years of service, with his departure effective March 1, 2026. The Chief Supply Chain Officer and Chief Transformation Officer roles will be eliminated, with the Supply Chain organization reporting to incoming EVP and Chief Financial Officer Nick Brazis [3] - Phil Rolchigo, Ph.D., EVP and Chief Technology Officer, will also depart after nearly 20 years, with the Chief Technology Officer role being eliminated. Innovation and Sustainability teams will report to Adrian Chiu [3][4] New Appointments - Adrian Chiu has been appointed as EVP and Chief Strategy, Innovation and Digital Officer, focusing on corporate strategy, innovation, and digital transformation to support long-term growth [4] - De'Mon Wiggins will expand his role as EVP and President of Pentair Flow to include oversight of Pentair Water Solutions, aiming for greater alignment and focus across key business segments [4] Company Overview - Pentair had revenue of approximately $4.2 billion in 2025 and operates with around 9,000 employees globally, serving customers in over 150 countries [8]
Artesian Resources Corporation Declares First Quarter 2026 Common Stock Dividend
Globenewswire· 2026-02-02 20:00
Group 1 - Artesian Resources Corporation declared a quarterly dividend of $0.3136 per share, payable on February 25, 2026, to shareholders of record as of February 13, 2026, representing an annualized dividend rate of $1.2544 [1] - This marks the 133rd consecutive quarterly dividend paid to shareholders by Artesian [1] Group 2 - Artesian Resources operates as a holding company for wholly-owned subsidiaries that provide water and wastewater services on the Delmarva Peninsula [2] - Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula, supplying 9.5 billion gallons of water per year through 1,491 miles of water main to over a third of Delaware's population [2]
American Water Charitable Foundation Launches 2026 Water and Environment Grant Program
Prnewswire· 2026-02-02 16:25
Core Viewpoint - The American Water Charitable Foundation has launched the 2026 Water and Environment Grant Program to support projects focused on clean water, conservation, environmental education, climate variability, and water-based recreation [1][4]. Grant Program Details - The Water and Environment grant is part of the Keep Communities Flowing Grant Program, which emphasizes three pillars: Water, People, and Communities [3]. - In 2025, the Foundation awarded $1.7 million to 80 organizations across 12 states, benefiting communities served by American Water [3]. - Eligible organizations can apply for grants in states including California, Hawaii, Illinois, Indiana, Iowa, Kentucky, Maryland, Missouri, New Jersey, Pennsylvania, Tennessee, Virginia, and West Virginia, as well as military service locations [4]. Foundation Background - The American Water Charitable Foundation, established by American Water, has invested over $25 million since 2012 in grants and matching gifts to support eligible organizations in American Water-served communities [8]. - The Foundation is funded by American Water shareholders and does not affect customer rates [8]. Company Overview - American Water is the largest regulated water and wastewater utility company in the U.S., providing services to over 14 million people across 14 states and 18 military installations [6]. - The company has a history dating back to 1886 and employs 6,700 professionals to ensure safe, clean, reliable, and affordable drinking water and wastewater services [6].
Middlesex Water Subsidiary Finalizes Pinewood Acres Water System Acquisition
Globenewswire· 2026-01-30 21:17
ISELIN, N.J., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) today announced that its subsidiary, Tidewater Utilities, Inc. (TUI), has completed the acquisition of the water system assets serving 360 customers in Pinewood Acres in Delaware. “We are pleased to welcome Pinewood Acres residents into the Tidewater family,” said Bruce E. Patrick, President of TUI. “A smooth and transparent transition for our new Pinewood Acres customers is our top priority. Our team remains dedicated to ...
A Water Quality Message for Iowa American Water Customers
Prnewswire· 2026-01-29 22:34
Core Message - Iowa American Water addresses customer inquiries regarding cloudy or milky tap water, clarifying that it is caused by tiny air bubbles and poses no health risk [1] Group 1: Water Quality Explanation - Cloudy or milky water is a result of dissolved air (oxygen) and is similar to bubbles in carbonated beverages when pressure is released [1] - The company ensures that its water meets or exceeds all regulations set by the Iowa Department of Natural Resources and the U.S. Environmental Protection Agency [1] - There are no specific regulations for dissolved oxygen in water as it does not present a health risk [1] Group 2: Seasonal Factors - The phenomenon of cloudy water is more common in winter when water temperatures are colder, allowing more air to be absorbed [1] - The temperature of the Mississippi River, the source of supply for Iowa American Water, can drop to 32.5 degrees during winter [1] - Cold water retains dissolved oxygen until it enters the plumbing system, where it warms up and releases the excess air, causing cloudiness when the faucet is turned on [1] Group 3: Customer Guidance - Customers can observe the clearing of cloudy water by holding it up to a light, where bubbles will rise and clear the water within a few minutes [1] - If the water does not clear within a few minutes, customers are advised to contact Iowa American Water for assistance [1] Group 4: Company Overview - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 states and 18 military installations [1] - Iowa American Water, a subsidiary of American Water, is the largest regulated water utility in Iowa, providing services to approximately 227,000 people [1]
Zurn Elkay Water Solutions Declares Quarterly Cash Dividend
Businesswire· 2026-01-29 17:33
MILWAUKEE--(BUSINESS WIRE)--Zurn Elkay Water Solutions Corporation (NYSE: ZWS) announced today that its Board of Directors declared a quarterly common stock dividend of $0.11 per share. The dividend is payable in cash on March 6, 2026 to stockholders of record as of February 20, 2026. Named one of America's Most Responsible Companies and one of America's Greenest Companies by Newsweek and one of the World's Best Companies for Sustainable Growth by TIME, Zurn Elkay Water Solutions is headquartered in Milwauk ...
Indiana American Water Installs First Drinking Water PFAS Treatment System in Indiana
Prnewswire· 2026-01-29 16:50
Core Viewpoint - Indiana American Water has launched Indiana's first drinking water treatment system specifically designed to remove PFAS, marking a significant investment in public health and water quality improvement [1]. Investment and Infrastructure - The PFAS treatment system represents a nearly $6 million investment and became operational last month [1]. - This project builds on a previous $16 million investment in a water treatment plant in 2022 [1]. - The system includes a granular activated carbon (GAC) system and supports necessary infrastructure such as pumps, piping, electrical systems, and controls [1]. Community Impact - The Charlestown facility serves approximately 3,000 customers, equating to about 8,000 residents and businesses [1]. - Local officials, including the Mayor of Charlestown, emphasized the importance of high-quality drinking water for community health and growth [1]. Regulatory Compliance and Future Plans - Indiana American Water is committed to expanding PFAS treatment capabilities across other service areas, with plans for upgrades in Terre Haute, Johnson County, and other communities as funding becomes available [1]. - The company aims to ensure compliance with evolving water quality regulations and safeguard public health for future generations [1]. Company Background - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 states [1]. - Indiana American Water, a subsidiary of American Water, is the largest regulated water utility in Indiana, providing services to approximately 1.5 million people [1].
Northwest Natural Holding (NWN) Declares Quarterly Dividend of $0.4925 per Share
Yahoo Finance· 2026-01-29 15:42
Core Viewpoint - Northwest Natural Holding Company (NWN) has declared a quarterly dividend of $0.4925 per share, reflecting its strong commitment to shareholders with a history of 70 consecutive years of dividend increases, positioning it among a select few NYSE companies with such a record [2]. Group 1: Dividend Announcement - NWN announced a quarterly dividend of $0.4925 per share, payable on February 13, 2026, to shareholders on record as of January 30 [2]. - The company has a strong annual dividend yield of 4.20% [2]. Group 2: Financial Performance Expectations - NWN is set to announce its Q4 and full-year 2025 report on February 27, with expectations for FY 2025 adjusted earnings to be above the midpoint of the range of $2.75 to $2.95 per share [3]. - The company reaffirmed its long-term EPS growth target of 4% to 6% compounded annually from the midpoint of the 2025 adjusted EPS guidance range [3].
Badger Meter (BMI) Q4 2025 Earnings Transcript
Yahoo Finance· 2026-01-28 23:21
Core Insights - The company experienced a 6% sequential decline in utility water sales in Q4 2025, attributed to fewer operating days and project pacing effects rather than market conditions or customer demand [1] - Total sales for Q4 2025 reached $221 million, marking an 8% year-over-year increase, with utility water product line sales rising by 9% [2] - The company reported a year-over-year operating earnings growth of 10%, with operating profit margins increasing from 19.1% to 19.5% [5][6] Financial Performance - Gross margins expanded to 42.1% in Q4 2025, up from 40.3% in the prior year, benefiting from a favorable product mix [6] - The company generated record quarterly free cash flow of $50.8 million, an increase of approximately $3.4 million year-over-year [9] - Consolidated EPS for Q4 2025 was $1.14, a 10% increase from $1.04 in the prior year [8] Project Developments - The Puerto Rico Aqueduct and Sewer Authority (PRASA) AMI project is one of the largest deployments globally, involving approximately 1.6 million service connections [12] - The PRASA project is expected to begin product shipments in 2026, with significant revenue contributions anticipated in the second half of the year [14] - The company emphasized that project pacing dynamics will influence revenue growth in 2026, with expectations of lower growth in the first half and higher growth in the second half [20][56] Market Outlook - The company projects a high single-digit sales growth outlook over the next five years, supported by awarded but not yet executed projects [41][49] - The software revenue, including SmartCover, has grown significantly, now exceeding $74 million and representing 8% of total sales [16] - The company remains confident in its ability to manage project cycles and maintain growth despite potential market fluctuations [22][45]
California Water Service Group Board of Directors Announces 59th Annual Dividend Increase and Declares 324th Consecutive Quarterly Dividend
Globenewswire· 2026-01-28 21:15
Core Viewpoint - California Water Service Group has declared its 324th consecutive quarterly dividend of $0.3350 per common share, marking a significant milestone in its Centennial Celebration and reflecting its commitment to delivering value to stockholders [1][2]. Group 1: Dividend Announcement - The quarterly dividend of $0.3350 is payable on February 20, 2026, to stockholders of record as of February 9, 2026 [1]. - The Board of Directors announced an 8% increase in the annual dividend, raising it from $1.20 to $1.34 per common share, with an additional special dividend of $0.04 paid in 2025 [1]. Group 2: Company Overview - California Water Service Group is the parent company of several regulated utilities, including California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service, serving over 2.1 million people across these states [3]. - The company's common stock is traded on the New York Stock Exchange under the symbol "CWT" [3].