Evoqua Water Technologies Corp. (NYSE:AQUA) shares closed 9% higher yesterday, following the company’s Q4 results that beat the consensus estimates and generally in-line 2022 guidance.
The company reiterated confidence in the secular growth opportunities afforded by the intensifying challenges related to water quality/availability. Notably, Q4 book-to-bill remained strong and ISS backlog was stable sequentially (+17% year-over-year, establishing firm momentum into FY22).
Alongside its print, the company also announced new sustainability goals. The team is targeting recycling/reusage of water to exceed withdrawals by 2035 and net-zero greenhouse gas emissions by 2050.