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

Equity Research Firm

Equity Bottom-Up

Select Water Solutions / Equity Bottom-Up

<ul><li>3Q24 Water Infrastructure Segment revenue grew 41% Y/Y and gross profit (before D&amp;A) grew 99%.</li><li>Gross profit margin was 56.7% compared with 40.1% in 3Q23.</li><li>The expansion lifted total company margin to 27.3% in 3Q24 from 23.4% in 3Q23. The segment contributed 46% of total gross profit in 3Q24.</li></ul>

3Q24 Water Infrastructure Segment revenue grew 41% Y/Y and gross profit (before D&amp;A) grew 99%.Gross profit margin was 56.7% compared with 40.1% in 3Q23.The expansion lifted total company margin to 27.3% in 3Q24 from 23.4% in 3Q23. The segment contributed 46% of total gross profit in 3Q24.

Select Water Solutions, Inc. -  Infrastructure Growth Increases Earnings and Cash Flow Visibility