Evoqua Water reports Q2 EPS 8c, consensus 22c

Reports Q2 revenue $477.8M, consensus $456.48M. "Our second quarter results were quite strong, with improvements across most key financial metrics," said Ron Keating, Evoqua president and CEO. "Revenues were up 12.0% over the prior year period, broadly distributed across most regions and product lines. Overall market demand continues to be strong, our book to bill ratio was again over 1.0, and ISS backlog grew double digits over the prior year. Adjusted EBITDA and adjusted EBITDA margin achieved record levels for a second fiscal quarter, and we are very pleased with our performance improvements."