In Brief - Americas
- From: Vol 9, Issue 5 (May 2008)
- Category: Brief
- Region: Americas
- Country:
- Related Companies: Aqua America, Black & Veatch, CH2M Hill and Veolia Water
* Aqua America’s share price dropped more than 6% after the company again failed to hit quarterly earnings targets. Aqua’s Q1 revenues were up just 1.4% at USD139.3 million,
while net income for the quarter was down more than 15% to USD14.3 million. Pressure from analysts to revise the company’s growth targets downwards was met with derision by CEO Nick DeBenedictis. “I am confident that our business strategy is intact,” he said.
* Peter Binney has joined Black & Veatch’s global water business as director of sustainable planning ...
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