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Pentair Announces Quarterly Cash Dividend of $0.27
Businesswire· 2026-02-23 21:20
Core Viewpoint - Pentair plc has announced a quarterly cash dividend of $0.27 per share, marking the 50th consecutive year of dividend increases [1] Company Summary - The dividend will be paid on May 1, 2026, to shareholders of record as of April 17, 2026 [1] - Pentair focuses on sustainable water solutions for both residential and commercial sectors, as well as industrial water management [1]
Mueller Water Products to Participate in the Gabelli 36th Annual Pump, Valve and Water Systems Symposium
Globenewswire· 2026-02-23 21:13
Core Insights - Mueller Water Products, Inc. will participate in the Gabelli 36 Annual Pump, Valve and Water Systems Symposium in New York on February 26, 2026, with a fireside chat scheduled for 10:30 a.m. local time [1] Company Overview - Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions for the transmission, distribution, and measurement of water in North America [3] - The company's product portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software for critical water system data [3] - The company aims to help municipalities enhance operational efficiencies, improve customer service, and prioritize capital spending, positioning itself as a key player in the water infrastructure sector [3]
California American Water Honors MLK Day with Donation Drive Supporting the Gathering Inn
Prnewswire· 2026-02-23 18:37
Core Insights - California American Water organized a donation drive in honor of Martin Luther King Jr. to support The Gathering Inn, a nonprofit aiding the homeless [1] - The donation drive collected essential items from January 12 to February 2, with contributions including hygiene supplies, rain gear, socks, clothing, and comfort items [1] - The initiative was led by Meghan Pistolesi, who emphasized the importance of community support and the impact of small acts of service [1] Company Overview - American Water is the largest regulated water and wastewater utility company in the U.S., serving approximately 14 million people across 14 states and 18 military installations [1] - California American Water, a subsidiary of American Water, provides services to around 750,000 people [1] - The company has a long history dating back to 1886 and focuses on delivering safe, clean, reliable, and affordable water and wastewater services [1]
Illinois American Water Announces More than $280 Million Invested in 2025 Statewide Infrastructure Upgrades
Prnewswire· 2026-02-23 17:13
Core Insights - Illinois American Water has invested over $280 million in infrastructure upgrades for water and wastewater systems in 2025, emphasizing the importance of reliable service and modernized infrastructure [1] Investment Details - The investment includes $10 million for replacing 573 fire hydrants and 724 valves [1] - A statewide investment of $27 million is allocated for the identification and replacement of lead and galvanized steel service lines, with 1,560 lines replaced out of over 15,800 inspected [1] - Approximately $50.5 million is dedicated to installing, replacing, or rehabilitating around 40 miles of water mains, which is crucial for maintaining water quality and service reliability [1] - More than $77 million is earmarked for improvements to wastewater treatment facilities, including various upgrades across multiple plants [1] Economic Impact - For every $1 million invested in water infrastructure, 10 jobs are created, indicating a positive economic impact from these investments [1] Long-term Commitment - From 2013 to 2025, Illinois American Water has invested nearly $2.5 billion in infrastructure improvements, updating systems and replacing or installing over 203 miles of water mains [1]
Consolidated Water to Attend the 38th Annual ROTH Conference, March 22-24, 2026
Globenewswire· 2026-02-23 14:01
Core Insights - Consolidated Water Co. Ltd. has been invited to the 38th Annual ROTH Conference, scheduled for March 22-24, 2026, at The Ritz-Carlton Laguna Niguel in Dana Point, California [1] - The conference is expected to attract over 5,000 participants, including institutional investors, family offices, high-net-worth investors, and equity analysts [2] - CEO Rick McTaggart, CFO David Sasnett, and COO Ramjeet Jerrybandan will engage in one-on-one meetings with analysts and investors to discuss the company's operating results and growth drivers across its four business segments [3] Company Overview - Consolidated Water Co. Ltd. specializes in the development and operation of advanced water treatment plants and water distribution systems [6] - The company operates seawater desalination facilities in the Cayman Islands, The Bahamas, and the British Virgin Islands, and also provides water treatment and reuse facilities in the United States [6] - In addition to its core operations, the company manufactures and services a variety of products and offers design, engineering, management, and operational services for commercial and municipal water production, supply, and treatment [7] Financial Highlights - The company has increased its quarterly cash dividend by 27.3% to $0.14 per share, effective from the third quarter of 2025 [3]
Global Water Resources to Attend the 38th Annual ROTH Conference, March 22-24, 2026
Globenewswire· 2026-02-23 13:31
Core Viewpoint - Global Water Resources, Inc. has been invited to the 38th Annual ROTH Conference, highlighting its significance in the water resource management sector and its engagement with investors [1][2]. Company Overview - Global Water Resources, Inc. is a leading water resource management company that operates 39 systems providing water, wastewater, and recycled water services, primarily in metropolitan growth corridors around Phoenix and Tucson, Arizona [6]. - The company recycles over 1 billion gallons of water annually, totaling 19.3 billion gallons since 2004, showcasing its commitment to sustainable water management [6]. Conference Participation - The ROTH Conference will feature various formats including on-demand presentations, one-on-one meetings, and industry panels, attracting over 5,000 participants from institutional investors and equity analysts [2]. - CFO and SVP Mike Liebman will engage in one-on-one meetings with analysts and investors on March 23-24, discussing the company's market leadership and ongoing expansion efforts [2][3]. Strategic Focus - The company emphasizes its market leadership in utility consolidation, automation, and water resource management, which are critical for driving revenue growth [3]. - Global Water's Total Water Management (TWM) approach integrates the management of the entire water cycle, enhancing the beneficial use of recycled water and promoting conservation in water-scarce areas [7]. Industry Recognition - Global Water has received multiple awards, including national recognition as a 'Utility of the Future Today' for its superior water reuse practices, reflecting its leadership in the industry [8].
Rotoplas is included for the fifth consecutive year in the S&P Sustainability Yearbook
Prnewswire· 2026-02-20 19:36
Core Insights - Grupo Rotoplas has been included in the S&P Sustainability Yearbook for the fifth consecutive year, recognizing its strong sustainability performance globally based on the Corporate Sustainability Assessment results [1] - In the 2026 edition, over 9,200 companies were assessed across 59 industries, with only 848 recognized as Yearbook Members, highlighting Rotoplas' exceptional standing [1] - The recognition reflects the company's effective management of environmental, social, and governance priorities, integrating sustainability into its operations and strategic decision-making [1] Company Overview - Grupo Rotoplas is a leading provider of water management solutions in the Americas, with over 45 years of industry experience and 18 plants across 14 countries [1] - The company offers a diverse portfolio that includes 27 product lines, a services platform, and an e-commerce business [1] - Rotoplas has been listed on the Mexican Stock Exchange under the ticker "AGUA" since December 10, 2014 [1] Sustainability Commitment - The company has launched a new sustainability strategy named "AGUA," reaffirming its commitment to being a benchmark in sustainability and generating a positive impact in the communities where it operates [1] - CEO Carlos Rojas Aboumrad emphasized the company's focus on delivering solutions that improve people's lives, with a customer-centric approach [1]
X @Bloomberg
Bloomberg· 2026-02-20 05:35
"Dirty Business" dramatizes the UK's water pollution scandals. Can it wield the same influence as "Adolescence" and "Mr Bates vs The Post Office," asks @lararhiannonw (via @opinion) https://t.co/POmbD4fKhE ...
Select Water Solutions Announces Pricing of Public Offering of Common Stock
Prnewswire· 2026-02-20 04:45
Core Viewpoint - Select Water Solutions, Inc. has announced the pricing of a public offering of 13,725,491 shares of its Class A common stock at a price of $12.75 per share, with the intention to use the net proceeds for general corporate purposes, including water infrastructure projects, potential acquisitions, or debt repayment [1] Group 1: Offering Details - The public offering consists of 13,725,491 shares of Class A common stock priced at $12.75 per share [1] - The company has granted underwriters a 30-day option to purchase up to 2,058,824 additional shares at the public offering price [1] - The offering is expected to close on February 23, 2026, subject to customary closing conditions [1] Group 2: Use of Proceeds - Net proceeds from the offering will be used for general corporate purposes, including water infrastructure growth capital projects, potential acquisitions, or debt repayment under the sustainability-linked credit facility [1] Group 3: Underwriters - J.P. Morgan and BofA Securities are the lead book-running managers for the offering, with Citigroup, Piper Sandler, and Raymond James serving as joint book-running managers [1] - Additional co-managers include Johnson Rice & Company, MUFG, Northland Capital Markets, Roth Capital Partners, Seaport Global Securities, and Texas Capital Securities [1] Group 4: Company Overview - Select Water Solutions is a leading provider of sustainable water and chemical solutions to the energy industry, supported by critical water infrastructure assets, chemical manufacturing, and water treatment and recycling capabilities [1]
Middlesex Water Company Reports 2025 Earnings
Globenewswire· 2026-02-19 21:48
Core Viewpoint - Middlesex Water Company reported its financial results for the fourth quarter and year-end 2025, highlighting a decrease in net income compared to 2024, driven by various factors including weather impacts and one-time recoveries in the previous year [3][6]. Financial Performance - Net income for 2025 was $42.8 million, a decrease of $1.5 million from 2024, with diluted earnings per share (EPS) at $2.36 compared to $2.47 in 2024 [3][6]. - Operating revenues for 2025 were $194.7 million, an increase of approximately $2.8 million from 2024, driven by rate increases and customer growth [4]. - Operating expenses increased by $1.7 million in 2025, primarily due to higher depreciation expenses, although operating and maintenance expenses decreased [5]. Quarterly Results - For the fourth quarter of 2025, net income was $8.6 million with diluted EPS of $0.46, compared to $8.8 million and $0.49 in the same quarter of 2024 [6]. Growth Strategy - The company invested approximately $96 million in 2025 to enhance its water and wastewater utility infrastructure [7]. - Plans for 2026 include an investment of approximately $126 million in infrastructure, with a total of $506 million expected from 2026 to 2028 [8]. Regulatory Developments - The New Jersey Board of Public Utilities approved a settlement agreement that will increase annual operating revenues by $14.5 million, with new rates effective February 23, 2026 [10]. - A Resiliency and Environmental System Improvement Charge (RESIC) and a Distribution System Improvement Charge (DSIC) were also approved, allowing for semi-annual surcharge filings for qualifying capital investments [11]. Acquisitions and Dividends - In January 2026, the company acquired the water utility assets of Pinewood Acres for $0.2 million, serving approximately 350 customers [12]. - A cash dividend of $0.36 per common share was declared for the first quarter of 2026, continuing a long history of dividend payments since 1912 [13].