Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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<ul><li>A diversified environmental technology company focused on developing and providing solutions for air, water, and soil purification.</li><li>Arq is a leading producer of powdered activated carbon (PAC) and is expanding into the faster-growing and higher-margin granular activated carbon (GAC) market, which should drive significant EBITDA growth in the coming years.</li><li>Focus on execution and cash flow. Since new CEO Bob Rasmus took the helm in 2H23, Arq has delivered improving performance with its foundational and cash-generating PAC business through operational efficiencies, better contracting terms, and penetration of new markets.</li></ul>

A diversified environmental technology company focused on developing and providing solutions for air, water, and soil purification.Arq is a leading producer of powdered activated carbon (PAC) and is expanding into the faster-growing and higher-margin granular activated carbon (GAC) market, which should drive significant EBITDA growth in the coming years.Focus on execution and cash flow. Since new CEO Bob Rasmus took the helm in 2H23, Arq has delivered improving performance with its foundational and cash-generating PAC business through operational efficiencies, better contracting terms, and penetration of new markets.

Arq, Inc. - Significant EBITDA Growth from Execution and Expansion into Faster-Growth Markets