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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.

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Equity Bottom-Up

Select Water Solutions / Equity Bottom-Up

<ul><li>Gross profit margin before D&amp;A in Select’s Water Infrastructure Segment crossed the 50% threshold in 2Q24.</li><li>Segment revenue totaled $68.6 million, a 24% increase from 2Q23 and gross profit before D&amp;A totaled $35.0 million, a 68% Y/Y gain.</li><li>Gross profit margin before D&amp;A was 51%, compared with 46.9% in 1Q24 and 37.8% in 2Q23.</li></ul>

Gross profit margin before D&amp;A in Select’s Water Infrastructure Segment crossed the 50% threshold in 2Q24.Segment revenue totaled $68.6 million, a 24% increase from 2Q23 and gross profit before D&amp;A totaled $35.0 million, a 68% Y/Y gain.Gross profit margin before D&amp;A was 51%, compared with 46.9% in 1Q24 and 37.8% in 2Q23.

Select Water Solutions, Inc. - Water Infrastructure Segment Crosses 50% Margin Threshold