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Hawkins Expands Water Treatment Reach With PhillTech Acquisition
ZACKS· 2025-07-02 15:00
Core Insights - Hawkins, Inc. has completed the acquisition of PhillTech, LLC, enhancing its water treatment business and market position [1][8] - The company reported a 10% year-over-year revenue increase to $245.3 million in the fiscal fourth quarter of 2024, driven by a 21% growth in the Water Treatment segment [2] - Recent acquisitions, including Industrial Research Corporation and Wofford Water Service, align with Hawkins' growth strategy in key regions, expanding its market presence [3] - The acquisition of Amerochem assets and WaterSurplus further strengthens Hawkins' Water Treatment footprint [4] - Hawkins' shares have increased by 58.9% over the past year, outperforming the industry average of 4.2% [6] Company Strategy - The acquisition of PhillTech is part of Hawkins' strategy to solidify and expand its production capabilities in coagulants and corrosion control products [1][8] - The company emphasizes a judicious pricing strategy to counteract cost inflation, supporting overall performance [4] Market Performance - Hawkins' Water Treatment segment is experiencing strong growth, reflecting the successful integration of recent acquisitions [2] - The company has established a long-standing partnership with PhillTech, which is valued for its strong industry relationships [8]
A. O. Smith to Hold Second Quarter Conference Call on July 24, 2025
Prnewswire· 2025-07-02 13:00
Core Viewpoint - A. O. Smith Corporation is set to release its second quarter 2025 financial results on July 24, 2025, before the market opens, followed by an investor conference call at 10:00 a.m. EDT [1] Company Overview - A. O. Smith Corporation is headquartered in Milwaukee, Wisconsin, and is recognized as a global leader in innovative technology and energy-efficient solutions for products marketed worldwide [2] - The company is a leading manufacturer of residential and commercial water heating equipment, boilers, and water treatment products, and is listed on the New York Stock Exchange under the ticker symbol AOS [2]
Chip Rossi Appointed to Artesian Resources Board of Directors
Globenewswire· 2025-07-01 17:30
Core Insights - Artesian Resources Corporation has appointed Salvatore J. "Chip" Rossi to its Board of Directors, enhancing its governance with his financial expertise and risk management background [1][3] - Mr. Rossi has extensive experience in the financial sector, having recently retired from Bank of America where he held various senior roles, including president of Bank of America Delaware [2][3] - The company aims to leverage Mr. Rossi's understanding of the Delaware community to support its growth in water and wastewater services [3][4] Company Overview - Artesian Resources Corporation operates as a holding company for subsidiaries that provide water and wastewater services on the Delmarva Peninsula [5] - The principal subsidiary, Artesian Water Company, is the oldest and largest regulated water utility in the region, supplying 9.5 billion gallons of water annually through 1,491 miles of water main to over a third of Delaware residents [5]
Hawkins, Inc. Expands Water Treatment Footprint with Acquisition of PhillTech, LLC
Globenewswire· 2025-07-01 13:05
Company Overview - Hawkins, Inc. is a leading water treatment and specialty ingredients company founded in 1938, headquartered in Roseville, Minnesota [3] - The company operates 64 facilities across 28 states and employs approximately 1,100 people [3] - In fiscal 2025, Hawkins, Inc. generated $974 million in revenue [3] Acquisition Details - Hawkins, Inc. has completed the acquisition of PhillTech, LLC, a manufacturer and distributor of coagulants and corrosion control products located in Alabama [1] - This acquisition is part of Hawkins' strategy to grow its water treatment business and enhance its production capabilities in coagulants and corrosion control products [2] Strategic Importance - The acquisition of PhillTech is expected to solidify and expand Hawkins' market position in the water treatment sector [2] - Hawkins has established a long-term working relationship with PhillTech, having previously collaborated as strategic partners [2]
A. O. Smith Hires Ming Cheng as Chief Technology Officer
Prnewswire· 2025-07-01 13:00
Bob Heideman to retire after 29 years with the companyMILWAUKEE, July 1, 2025 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS), a leader in water heating and water treatment, announced today that Ming Cheng, will become A. O. Smith's next senior vice president and chief technology officer. He replaces Bob Heideman, who has been with the company in different capacities since 1994. Cheng, who was most recently senior vice president of research and development for the Transportation and Electronics Business ...
X @Forbes
Forbes· 2025-06-30 22:20
Philippine Billionaire Enrique Razon Consolidates Water Utility Assets In $671 Million Deal https://t.co/N97ikbWQ2j https://t.co/N97ikbWQ2j ...
Consolidated Water: Undervalued Cash Flow Machine With A Strategic U.S. Expansion Catalyst
Seeking Alpha· 2025-06-30 18:38
Group 1 - The strong buy thesis on Consolidated Water Co. Ltd. (NASDAQ: CWCO) is based on its well-diversified revenue portfolio within the Water Solutions specialization, indicating recurring revenue streams [1] - The company operates primarily in the utilities sector, focusing on water solutions, which positions it favorably in the market [1] - The investment research approach emphasizes a mix of fundamental analysis, discounted cash flow models, multiples, and dividends, while also considering broader market conditions [1] Group 2 - The analyst has a background in accounting and has completed CFA Level 1, providing a solid foundation for equity research [1] - The coverage spans various sectors including utilities, consumer discretionary, consumer staples, REITs, and materials, with a focus on equities across the Americas [1] - The investment perspective is primarily mid-term, targeting a return horizon of 1 to 3 years [1]
Vow ASA: Vow receives settlement for VGM shares and loan repayment
Globenewswire· 2025-06-30 14:48
Core Viewpoint - Vow ASA has successfully completed the sale of its shares in Vow Green Metals AS, receiving net proceeds of NOK 35.1 million and fully repaying a convertible loan of NOK 22.5 million [1][2][3] Financial Summary - Vow ASA received NOK 35.1 million from Midas Industri AS for 50,173,890 shares at an offer price of NOK 0.70 per share [2] - The proceeds were utilized for an additional installment on a term loan with DnB [2] - The convertible loan of NOK 22.5 million, used to finance costs related to VGM's termination with Obligo, has been fully repaid [3] Company Operations - Vow ASA focuses on preventing pollution through advanced technologies that convert biomass and waste into valuable resources and clean energy [4][5] - The company is a leader in wastewater purification and valorisation of waste, enabling industries to transition towards a fossil-free future [6] - Vow ASA holds strong positions in food safety, robotics, and heat-intensive industries with a decarbonising agenda [6]
X @Forbes
Forbes· 2025-06-30 13:30
Philippine Billionaire Enrique Razon Consolidates Water Utility Assets In $671 Million Deal https://t.co/t7DhXUegYo https://t.co/t7DhXUegYo ...
Global Water Resources Applauds Inclusion of State Route 347 Improvements in ADOT’s $11.6 Billion Five-Year Plan
Globenewswire· 2025-06-30 13:00
Core Insights - Global Water Resources, Inc. supports Arizona's $11.6 billion Five-Year Transportation Facilities Construction Program, which includes over $249 million for improvements on State Route 347 [1][2] - The SR 347 projects aim to enhance regional infrastructure, improve safety, and support growth in Maricopa, accommodating over 58,000 vehicles daily [2][4] - The expansion will add one lane in each direction over a 13-mile stretch, eliminate traffic signals, and upgrade intersections and bridges, with construction expected to start in fiscal year 2026 [3][4] Company Strategy and Growth - The infrastructure investment aligns with Global Water's strategy for organic growth in water and wastewater services, driven by increased demand from residential and commercial development in Maricopa [4][5] - Maricopa's population is projected to grow nearly 90% by 2040, reaching approximately 140,000, indicating a strong growth outlook for the company [4][5] Company Overview - Global Water Resources operates 32 systems providing water, wastewater, and recycled water services, primarily in growth corridors around Phoenix and Tucson [6] - The company recycles over 1 billion gallons of water annually, totaling 18.1 billion gallons since 2004, showcasing its commitment to sustainable water management [6][7] - Recognized for its Total Water Management approach, the company integrates water cycle management to maximize recycled water use and promote conservation [7][8]