WD News: Evoqua Water Technologies has reported the results for its fourth quarter and fiscal year. The revenue for the fourth quarter of fiscal year 2022 was $504.8 million, compared to $426.0 million in the prior year period, an increase of 18.5%, or $78.8 million. Net income for the quarter was $41.3 million as compared to the net income of $26.9 million in the prior year period.
The revenue for the fiscal year 2022 was $1.74 billion, compared to $1.46 billion in the prior year period, an increase of 18.6%, or $272.7 million. Net income for the year was $72.3 million as compared to net income of $51.7 million in the prior year.
“Our acquisition integrations continue to be favourable. We delivered on two fiscal 2022 goals of exceeding 55% water reuse in our top ten facilities and reducing our safety incident rate across the company from the prior year,” said Ron Keating, Evoqua’s CEO.
Source: Evoqua, Image Courtesy: Pixabay