US equipment index fails to advance in 2011
- From: Vol 13, Issue 1 (January 2012)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Aegion, Calgon Carbon, Danaher, Energy Recovery Inc, GLV, H2O Innovation, Heckmann Corporation, Layne Christensen, Mueller Water Products, Pall Corp, Tetra Tech and Xylem
The uninspiring performance of GWI’s equipment supply index last year came in stark contrast to a 16% rise in 2010. How soon before suppliers recover their mojo?
As a group, North American water equipment stocks ended last year flat to where they started it, although the overall index performance masked some wild swings at the individual company level.
Those with significant exposure to discretionary municipal spending patterns were amongst the poorest performers, with Aegion (formerly Insituform) and Mueller Water both losing more than 40% of their value ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
