- Evoqua Water Technologies (NYSE:AQUA) +5.9% pre-market despite posting a surprise FQ4 loss, which the company said was due mostly to one-off items.
- AQUA says Q4 earnings were hurt by "isolated items," related to the integration of an acquisition, supply chain disruptions influenced by tariffs and an extended delay on a large aquatics project.
- "We are taking the appropriate actions to improve our performance and we are pleased that Neptune Benson was migrated onto our ERP system in November," the company says.
- AQUA says its planned two-segment restructuring is progressing, and is expected to generate costs of $17M-$22M over the next two fiscal years with cost savings of $15M-$20M on an annualized basis.
- For Q1, AQUA forecasts revenues of $305M-$320M vs. $321M analyst consensus estimate; for FY 2019, the company sees revenues of $1.38B-$1.44B vs. $1.42B consensus.
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